Centaurus Metals Nickel Project in Brazil Is Expected To Produce 20000 Tons Of Nickel Sulfate

Centaurus Metals, an Australian exploration developer, is making a final investment decision for its Jaguar Nickel project in Brazil in the third quarter of 2023.

In early November, the company submitted an updated mining lease application (MLA) for 2.7 million tons of open and underground operations per year and 20,000 tons of nickel sulfate and by-products per year. The target approval date for the application is the third quarter of 2022, with an installation license in 2023.

According to Mysteel, the Jaguar Nickel sulphide project, located in the western Carajas province of Brazil, was acquired by Centaurus Metals from Vale in April 2020 and is accelerating production.

At present, the resource is 58.9 million tons, containing 0.96% nickel and 562,600 tons of nickel metal. More than 80% of the nickel content is within 200 meters of the surface, which is of positive significance for the future open-pit mining. The project's carbon dioxide emissions are expected to be less than 97% of global emissions. The final feasibility study will be completed in the fourth quarter of 2022. During the initial 13-year mine life, 262,100 mt of battery-grade nickel sulphate will be produced using the hydrometallurgical process (POx) to treat the nickel concentrate.

As you can see, the project is adjacent to Vale's ONCA-PUMa nickel and iron project, which is currently suspended.