STTCOMP CTM FA Long.
CTM - Nickel, Cobalt, Copper, Gold & Iron Ore- Brazil
SP = .016c
SOI : 2.229 Billion shares & 623 Million options ( strike .01c at 31/8/19)
Cash: $4.5 Million as at 4/5/18.
MC = $34 Million.
Diversified Brazilian resource company with projects in Tier‐1 addresses
Fully‐funded for 2018 exploration programs.
Drilling underway at high‐grade nickel‐cobalt project at Itapitanga – provides an exciting growth opportunity in battery‐related metals: – 5,000m RC drilling program.
Significant emerging copper‐gold prospects in the Carajás Mineral Province, a world‐class IOCG address –
Salobo West and Pebas Projects – drilling Q3 2018
High‐quality iron ore assets retained in portfolio with value to be delivered via divestment or joint development. (Will most likely be sold off)
CTM holds + 250km2 tenement portfolio located within the world‐class Carajás Mineral Province
Includes Salobo West Cu‐Au‐Co Project, Pebas Cu‐Au Project and Itapitanga Ni‐Co Project.
The Itapitanga Nickel‐Cobalt Project:
More than 5.0km of strike in two main target areas:
• Northern Target is 3.3km long and up to 500m wide; and
• Southern Target is 2.0km long and up to 400m wide
First Exploration Results:
Northern Target - Hand‐held auger drilling.
3.3km long and 500m wide zone of high grade nickel‐cobalt mineralisation
80% of the holes started and finished in mineralisation
Maximum hole depth achieved is only 12.0m, with most holes reaching drill refusal at 5‐8m. Best results include:
- 6.5m @ 0.94% nickel and 0.20% cobalt
- 8.0m @ 0.59% nickel and 0.16% cobalt
- 12.0m @ 0.93% nickel and 0.13% cobalt
- 10.1m @ 1.03% nickel and 0.12% cobalt
- 10.0m @ 1.07% nickel and 0.12% cobalt
- 8.0m @ 0.80% nickel and 0.12% cobalt
- 6.0m @ 1.04% nickel and 0.11% cobalt
- 8.7m @ 1.21% nickel and 0.10% cobalt.
Southern Target
2.0km long and 400m wide zone of high grade nickel‐cobalt mineralisation
Mineralisation is overlaid by 5‐10m of low‐grade cover, common in nickel‐cobalt laterite profiles and as seen in a number of zones of mineralisation at the nearby Jacaré deposit
Five of the seven auger holes initially drilled into the Southern Target were able to reach the top of the high‐grade nickel‐cobalt mineralisation, best results include:
- 3.0m @ 0.84% nickel and 0.12% cobalt from 6.0m to 9.0m (EOH)
- 2.0m @ 1.15% nickel and 0.05% cobalt from 9.0m to 11.0m (EOH)
- 2.7m @ 1.05% nickel and 0.03% cobalt from 12.0m to 14.7m (EOH)
The maiden 5,000m RC drill program will now determine the depth extent and grade of the nickel‐cobalt mineralisation, with first assay results due towards the end of May.
Anglo American’s neighbouring world‐class Jacaré Ni‐Co Deposit, one of the highest large‐tonnage nickel‐cobalt grades in the world with Mineral Resource of 307Mt at 1.3% Ni and 0.13% Co, including a
high‐grade cobalt resource of 185Mt at 1.2% Ni and 0.18% Co, is hosted in a laterite profile that is mineralised from surface down to an average depth of 40‐50m.
"Centaurus’ Managing Director, Mr Darren Gordon, said the Company was excited that drilling was underway at Itapitanga and was very appreciative for the contribution of the exploration team and local community
in advancing the project so quickly since its acquisition in February this year."
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