With all the nickel good news can you imagine if they unlocked...

With all the nickel good news can you imagine if they unlocked some value from the dunk cost on hambi iron ore.

—- from agm ...

”Turning now to our iron ore assets, and more specifically our Jambreiro Iron Ore Project, located in Minas Gerais, in south-eastern Brazil. This fully permitted, shovel‐ready development project represents an important strategic asset in the Brazilian domestic iron ore and steel sector, with a positive Pre-Feasibility Study completed in July last year outlining a robust one million tonne per annum start-up project capable of generating life-of-mine revenues of A$1.05 billion and EBITDA of A$533 million over its initial 18-year life. The strong economics of the proposed A$59.8 million development included a A$114.9 million post-tax Net Present Value and an Internal Rate of Return of 32% for a 1Mtpa operation.With these positive economic metrics confirmed for the project development, our next step for Jambreiro is to finalise a suitable offtake arrangement for our iron ore products. The completion of an offtake agreement will enable Centaurus to further consider the financing alternatives for the Project to support a potential development decision.Importantly, the key environmental and mining approvals for Jambreiro are all already in place, positioning the Company to rapidly transition to project development once offtake and financing are complete.In parallel with our offtake discussions, Centaurus is also assessing other value realisation opportunities for Jambreiro in order to maximise value for shareholders.