AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT& MEDIA...

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT
& MEDIA RELEASE
Australian Office Brazilian Office ASX: CTM
Centaurus Metals Limited Centaurus Brasil Mineração Ltda ACN 009 468 099
Level 3, 10 Outram St Avenida Barão Homem de Melo, 4391 [email protected]
WEST PERTH WA 6005 Salas 606 e 607 - Estoril Telephone: +61 8 6424 8420
Belo Horizonte - MG - CEP: 30.494.275
BRAZIL
27 July 2020
$25.5M INSTITUTIONAL PLACEMENT TO ACCELERATE RESOURCE
GROWTH AND DEVELOPMENT AT JAGUAR NICKEL PROJECT
Drilling capacity to be increased, exploration to be stepped-up and development and mining studies
to be fast-tracked to unlock full potential of major new global nickel sulphide project
HIGHLIGHTS:
• Firm commitments received to raise $25.5 million at $0.42 per share from major institutional
and sophisticated investors.
• Includes $7.0 million cornerstone investment from highly experienced Canadian-based resource
investor, Dundee Goodman Merchant Partners.
• Proceeds to be used to accelerate drilling activities at the 100%-owned Jaguar Nickel Sulphide
Project in northern Brazil, where the Company recently announced a maiden JORC Resource of
48.0Mt at 1.08% Ni for 517,500 tonnes of contained nickel metal.
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• Double-shift drilling operations set to resume in the coming weeks.
• Third diamond rig, already on site, to be reactivated in August and Reverse Circulation (RC) rig
to follow in September, with drilling activities to focus on:
- In-fill and extensional resource drilling at the known deposit areas;
- Deeper step-out drilling of the known deposits with the aim of further extending the already
globally significant Mineral Resource;
- Regional exploration drilling of new priority targets on the western portion of the tenement
package aimed at making new discoveries.
• Funds will also be used to advance Scoping Study and Pre-Feasibility Study work on the Jaguar
Project.
• Following completion, Centaurus will have cash reserves of approximately $30 million.