- Centaurus Metals (CTM) sees an increase of 30 per cent in resource inventory from its 2012 Mineral Resource Estimate (MRE) at its Jaguar nickel deposit in Brazil
- The company says the in-fill resource development program has resulted in an indicated 43.4 mega tonnes at 0.92 per cent nickel for 397 thousand tonnes of contained nickel
- Mineralisation reportedly remains open both at depth and locally along strike, with potential to continue to increase the Mineral Resource
- According to the company 11 diamond rigs are set to be operating from February 2022 targeting further growth
- Shares in Centaurus have been down 2.1 per cent trading at $1.08
Centaurus Metals (CTM) has seen an increase of 30 per cent in resource inventory from its 2012 Mineral Resource Estimate (MRE) at its Jaguar nickel deposit in Brazil.
The company says the project is one of the largest of its kind with an indicated 43.4 mega tonnes at 0.92 per cent nickel for 397 thousand tonnes of contained nickel. Additionally Centaurus says its global MRE has increased to 80.6 mega tonnes at 0.92 per cent nickel for 731 thousand tonnes of contained nickel.
The Jaguar deposit reportedly starts at surface with more than 500 thousand tonnes of the contained nickel within 200 meres of surface.
Additionally mineralisation remains open both at depth and locally along strike, with significant potential to continue to increase the Mineral Resource and make new discoveries with further drilling.
In FY2022 the company has eight diamond rigs drilling double-shift, with another three rigs to arrive on site in February.
Shares were down 2.1 per cent trading at $1.08 at 10.51 am AEDT.