19 February 2018 HIGH‐GRADE COBALT IN FIRST CHANNEL SAMPLES AT...

19 February 2018 HIGH‐GRADE COBALT IN FIRST CHANNEL SAMPLES AT NEWLY ACQUIRED ITAPITANGA NICKEL‐COBALT PROJECT Rock chip samples of up to 0.52% Co & 1.63% Ni; extensive soil sampling and auger drilling underway  High‐grade cobalt assays of 0.19% Co and 0.18% Co returned from initial channel samples taken during Centaurus’s initial field activities at the newly‐acquired Itapitanga Nickel‐Cobalt Project in Brazil.  Rock chip samples taken during the first program across the initial target area returned highest grades of 0.52% Co and 1.63% Ni.  Itapitanga is located at the southern strike extent of Anglo American’s world‐class Jacaré Ni‐Co Project – 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% Co1 (one of the highest large‐tonnage cobalt grades in the world).  These early stage results provide strong indications that the high‐grade cobalt mineralisation at Itapitanga is similar to that seen at the adjoining large‐scale nickel‐cobalt projects owned by Anglo and Vale.  Aggressive exploration already underway at Itapitanga, including soil sampling and auger drilling to test the widths and grade of the mineralisation seen at surface – ahead of RC drilling planned for mid‐late March.  Centaurus well positioned to progress exploration across its highly prospective copper, gold, nickel and cobalt tenement footprint in the Carajás Mineral Province of Northern Brazil.