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78 % Centaurus Metals Limited Developing a globally significant nickel project for a clean energy future SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT Environmental Impact Assessment lodged ; Independent assessment confirms potential for an exceptionally low carbon emission project ; Resource and exploration drilling at the Jaguar Nickel Project delivers further outstanding results including significant strike & depth extensions at Jaguar South , Jaguar Central and Onça Preta plus a new greenfields discovery at Tigre 28 October 2021 JAGUAR NICKEL SULPHIDE PROJECT ▸ Key environmental approval document , the Environmental Impact Assessment ( “ EIA / RIMA ” ) , lodged with the Pará State environmental authority ( SEMAS ) , with approval targeted for Q3 2022 . ▸ Independent ESG assessment confirms Jaguar's credentials as a world - leading , low - emission nickel project , with a life - of - mine CO₂ footprint estimated to be lower than 97 % of global nickel production . When in operation , the E1 emissions ( Scope 1 + 2 + downstream ) for the production of nickel sulphate on site at Jaguar are expected to be extremely low at 4.69 tonnes of CO2 / tonne of nickel equivalent . In - fill and step - out drilling at Jaguar South and Jaguar Central continues to return consistent high - grade nickel intersections , including an exceptional drill intersection of 41.5m at 1.64 % Ni from 134.5m , incl . 21.2m at 2.19 % Ni from 135.5m in JAG - DD - 21-175 . New DHEM survey work has identified multiple EM conductor plates that extend over 250m below the deepest drilling at both the Jaguar South and Onça Preta deposits . Drilling at Jaguar Central outlines a 60m strike extension to the east of the Resource limits , with visual analysis confirming the continuation of the Jaguar Central high - grade shoot . ▸ Step - out drill hole JAG - DD - 21-190 at the high - grade Onça Preta Deposit intersected more than 30m of semi- massive to massive nickel sulphides over 90m down - dip from the previous deepest drilling on section . In - fill drilling at Jaguar West and Jaguar Central North continues to highlight the consistency of mineralisation and the robust nature of the existing Resource models . Maiden regional exploration drilling delivers a new discovery with significant zones of nickel sulphide mineralisation at the greenfields Tigre Prospect – RC drilling continuing . Multiple project development activities and infrastructure initiatives commenced during the Quarter , including significant road upgrade work between the town of Tucumã and site . ▸ Preparation of the Jaguar Economic Development Plan ( PAE ) progressed well during the Quarter , with final documentation planned to be submitted to the National Mining Agency ( ANM ) in early November . CORPORATE Centaurus continued to build its senior leadership team , with the appointment of experienced international executives Wayne Foote as General Manager - Operations and Júlia Oliveira as Legal and Commercial Manager . Cash at 30 September 2021 of $ 15.8 million . ralian Office Centaurus Metals Limited Level 2 , 1 Ord St West Perth WA 6005 AUSTRALIA Brazilian Office Centaurus Brasil Mineração Ltda Avenida Barão Homem de Melo , 4391 Salas 606 e 607 - Estoril CEP : 30.494.275 , Belo Horizonte MG BRAZIL ASX : CTM ACN 009 468 099 office@centaurus.com.au T : +61 8 6424 8420