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Centaurus Metals Ltd.

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Summary

Project:

Itapitanga

Deposit:Itapitanga
Location:Brazil
Commodities:Nickel-Cobalt
Date:7/25/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:25-7-2018: Centaurus Metals Ltd. announces an Exploration/Drilling Update report for its Itapitanga deposit at the Itapitanga project. Drilling results incl. 20m @ 0.98% Ni, 0.11% Co from 2m. Centaurus Metals (ASX Code: CTM) is pleased to advise that its
Resources:x
CP/QP:[Overall Report]: Roger Fitzhardinge (Internal)
ABSTRACT:Centaurus Metals (ASX Code: CTM) is pleased to advise that its Itapitanga Nickel‐Cobalt Project in northern Brazil is continuing to emerge as a significant high‐grade nickel‐cobalt discovery with the latest Reverse Circulation drilling results confirming its scale and potential and supporting the establishment of an initial Exploration Target. Recent results continue to demonstrate that the Northern Target mineralisation is up to 30m thick, extends over a strike length of 3.5km, and has section widths of up to 650m (refer Figure 1). The nickel grade of the mineralisation is very strong across the mineralised zone, with thick and consistent intervals of over 0.90% nickel encountered. In addition, there are multiple +10m‐deep high‐grade cobalt zones where the grade runs over 0.12% Co. These intervals are consistently encountered at or near‐surface, which bodes well for a low‐strip mining scenario. The Northern Target remains open both to the west and north‐west.

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