- Centaurus Metals (CTM) announces its Jaguar Nickel Sulphide project in northern Brazil has been selected as a Strategic Minerals Project by Brazilian Federal Government
- It forms part of the Investment Partnership Program (PPI), which is a government initiative designed to support companies with projects of strategic minerals
- Projects are selected by the Inter-ministerial Committee of Analysis of Strategic Minerals Projects (CTAPME), which is formed by a broad range of government agencies to determine mining projects significant to Brazil’s growth
- It provides companies with assistance to develop their ventures with an environmentally sustainable approach
- Shares were trading flat today at $1.30 each
Centaurus Metals (CTM) has announced its Jaguar Nickel Sulphide project in northern Brazil has been selected as a Strategic Minerals Project by Brazilian Federal Government.
It forms part of the Investment Partnership Program (PPI), which is a government initiative designed to support companies with projects of strategic minerals.
Projects are selected by the Inter-ministerial Committee of Analysis of Strategic Minerals Projects (CTAPME), which provide the titleholder with specialised governmental support for the development of their projects.
CTAPME is formed by a broad range of government agencies in order to determine mining projects significant to Brazil’s growth.
It provides companies with assistance to develop their ventures with an environmentally sustainable approach.
Managing Director Darren Gordon said the project will provide strong benefits for the local economy.
“The selection of the Jaguar Nickel Project as a strategic mineral project is further demonstration of the project’s global significance and its strategic importance to Brazil,” he said.
“We applaud the Brazil government for introducing such a strong initiative for mineral projects considered to be of strategic importance to the country.
“The Jaguar Project will create many jobs for the local region and will contribute greatly to the local economies in which it operates in the form of royalties and taxes.
“We look forward to working with CTAPME and our many stakeholders as we continue on the path towards the development of Jaguar.”
Shares were trading flat today at $1.30 each at 9:58 am AEDT.