Centaurus Secures $23 million to Advance Jaguar Nickel Project Towards 2026 FID

Highlights:

• Capital Boost: Centaurus Metals Limited (ASX: CTM) to raise $23 million via a $20 million institutional placement and up to $3M SPP.
• Project Momentum: Funds to advance the Jaguar Nickel Sulphide Project towards a Final Investment Decision in H1 2026.
• Exploration Growth: Capital will also support exploration at the emerging Boi Novo Copper Project.

Centaurus Metals Limited (ASX: CTM) has locked in firm commitments to raise $23 million, providing a significant boost for the development of its flagship Jaguar Nickel Sulphide Project in northern Brazil. At the time of writing, the funding package includes a $20 million institutional placement and up to $3 million via a Share Purchase Plan (SPP) for eligible shareholders.

Institutional Placement and SPP Details

The institutional placement will see the issue of approximately 55.6 million new shares at $0.36 per share, attracting interest from both Australian and international investors. Each placement share will come with one free attaching option for every two shares subscribed, exercisable at $0.50 and expiring on 30 November 2027. The SPP will offer existing eligible shareholders the chance to invest up to $30,000 under the same terms, also including free attaching options. The SPP is capped at $3 million, with potential for scale-back or acceptance of oversubscriptions at the company’s discretion.

Advancing Towards Final Investment Decision

Funds raised will be directed towards progressing strategic partnerships, securing debt funding, and completing final pre-development and permitting stages for Jaguar ahead of a Final Investment Decision (FID) in the first half of 2026. All key environmental approvals for Jaguar are already in place, and off-take discussions are well advanced following the completion of a feasibility study and value engineering process. The Jaguar project is expected to be one of the world’s most significant new nickel mines, with an initial 15-year open pit operation producing up to 22,600 tonnes per annum over its first seven years, at a first-quartile AISC of US$4.43/lb. Part of the proceeds will also fund exploration at Centaurus’ emerging Boi Novo Copper Project, further strengthening its growth pipeline.

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