In summary, during the year we:  Capitalised on a strategic...

In summary, during the year we:
 Capitalised on a strategic opportunity to enhance our exploration search‐space through the exercise of
our option to acquire 100 per cent of the Pará Exploration Package from our strategic alliance partner,
Terrativa – giving us highly leveraged exposure to a rich asset base in one of the world’s most exciting
exploration addresses, the Carajás region in Northern Brazil;
 Secured the grant of both key tenements at the Salobo West Copper‐Gold Project, commenced initial
ground‐based exploration programs and identified and retrieved extensive and high‐quality datasets –
saving us a vast amount of time and money and helping to fast‐track our exploration targeting approach;
 Delineated at least four high‐quality copper‐gold prospects at Salobo West, each of which contains
multiple target zones with walk‐up drill targets, and commenced the necessary environmental licensing
and permitting to allow us to start drilling;
 Confirmed high‐priority exploration opportunities for IOCG discoveries at the Pebas Copper‐Gold Project,
located approximately 100km east of Salobo West and just 20km north of the operating Antas Norte
copper‐gold mine, operated by ASX‐listed copper miner Avanco Resources (ASX: AVB) – currently subject
to a takeover bid by Oz Minerals (ASX: OZL);
 Secured a 100% interest in the Itapitanga nickel‐cobalt tenement from a private Brazilian vendor, opening
up an exciting new exploration opportunity for the Company in the battery metals sector. This Project is
located only 10km along strike from Anglo American’s large and high‐grade Jacaré Nickel‐Cobalt Project,
which has a Resource of 307 million tonnes at 1.3% nickel and 0.13% cobalt1
; and
 Completed extensive auger drilling at Itapitanga which has confirmed the exciting potential of this project
and paved the way for our maiden Reverse Circulation drill program, which began earlier this week.
For a junior explorer with a market capitalisation of around $30 million, I think it’s fair to say that Centaurus has
an exceptional exploration portfolio, with high‐potential projects located in a Tier‐1 mineral province that has
historically been dominated by major global mining companies.


Mule