Centaurus Metals secures technical approval for Jaguar nickel project, Brazil

• Centaurus Metals (ASX:CTM) receives technical approval of its mining lease application by the Brazilian National Mining Agency
• The approval covers the company’s Jaguar nickel sulphide project in the South American nation
• The approvals are based on a planned production rate of 20ktpa of nickel in sulphate on-site at the Jaguar project
• CTM last traded at 40 cents

Centaurus Metals (ASX:CTM) has received technical approval of its mining lease application by the Brazilian National Mining Agency.

The approval covers the company’s Jaguar nickel sulphide project in the South American nation, a key step toward the development of the project.

“The technical approval is an important milestone for the company and for the Jaguar Nickel sulphide project… it is clear that the company is tracking well from a regulatory and approval perspective for the next stages of project development,” CTM Managing Director Darren Gordon said.

Additionally, the Pará State Environmental Committee (COEMA) has approved the company’s Environmental Impact Assessment (EIA) and Preliminary Licence (LP).

The approvals are based on a planned production rate of 20ktpa of nickel in sulphate on-site at the Jaguar project, emphasising the project’s environmental and social viability.

Upon formal issuance of the LP, the company can advance to the next environmental approval phase with SEMAS.

This involves submitting the Installation Licence (LI) Application in the form of an Environmental Control Plan (PCA).

Centaurus aims to secure the LI in the second half of 2024.

CTM last traded at 40 cents.