Centaurus Metals Limited (ASX: CTM) Delivers Exceptional Nickel Concentrate
High-Grade Nickel Concentrate Production
Centaurus Metals Limited (ASX: CTM) announced exceptional results from the process flowsheet optimization of its Jaguar Nickel Project in Brazil. The pilot plant successfully produced over 30kg of high-grade concentrate, achieving a remarkable 34% nickel content. With this achievement, the Company aims to enhance project economics and improve marketability as it continues its strategic partnerships and offtake discussions.
Value Engineering Process Enhancements
The Jaguar Value Engineering Process (JVEP) has been pivotal in optimizing the project. It focuses on producing a high-grade nickel concentrate while reducing the total volume shipped, thereby cutting logistics costs. This optimization aims to reduce life-of-mine freight costs significantly, projected at around $275 million over the life of the planned operations.
CEO Comments on Project Enhancements
Darren Gordon, Managing Director of Centaurus, expressed enthusiasm about the project’s advancements. “The results of the flowsheet optimisation work amount to a significant project enhancement for the Jaguar Project,” he stated. He added that the new concentrate base product will strengthen the project’s competitive position in global markets, delivering considerable logistic cost savings and appealing payabilities.
Future Expectation and Strategic Partnerships
The refined process enhances not only the economic aspects for Centaurus but also improves financial outcomes for potential customers. The Company is reviewing capital and operational costs associated with the revamped process flowsheet. Significant interest is anticipated from off-takers who are likely to favour the new, high-quality nickel concentrate over lower-grade alternatives.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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