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Centaurus Metals Ltd.
Summary
| Project: | Jaguar | |
|---|---|---|
| Deposit: | Jaguar | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt | |
| Date: | 6/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-6-2020: Centaurus Metals Ltd. announces a Resource Estimation report for its Jaguar deposit at the Jaguar project. Initial Mineral Resource Estimate for Project. Importantly, the maiden MRE includes a significant higher-grade component of 20.6Mt gradin | |
| Resources: | (Resources, I+I): 20.6Mt @ 1.56% Ni, 0.1% Cu, 288ppm Co | |
| CP/QP: | [Resource] Lauritz Barnes, Roger Fitzhardinge (Internal,Trepanier Pty Ltd.) | |
| ABSTRACT: | Importantly, the maiden MRE includes a significant higher-grade component of 20.6Mt grading 1.56% Ni for 321,400 tonnes of contained nickel, forming the cornerstone of the Company’s strategy to establish a high-grade, high-margin nickel sulphide project. Centaurus’ Managing Director, Mr Darren Gordon, said the maiden JORC Mineral Resource represented an exceptional outcome for the Company, confirming Jaguar to be a high-quality, large-scale, near-surface nickel sulphide deposit with outstanding potential for continued growth. “This is a phenomenal starting point confirming Jaguar’s status as a new globally-significant nickel sulphide project. With a maiden Resource containing more than 500,000 tonnes of nickel, this is already one of the largest near-surface undeveloped nickel sulphide projects in the world and, as a maiden JORC Resource number, we believe it is up there with some of the best initial JORC Resources ever published by an ASX-listed junior. “Significantly, the Resource also includes a high-grade core grading 1.56% nickel that contains more than 320,000 tonnes of nickel metal, providing an outstanding platform from which to commence scoping and development studies. | |
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