Centaurus Metals

Jaguar Drilling Capacity Set To Increase To 14 Rigs As Latest Results Highlight Exceptional Growth Outlook

Resource development and exploration in full swing with nine diamond rigs and one RC rig currently operating on site, and a further four rigs (three diamond and one RC) planned to arrive on site before the end of February.

Centaurus Metals (ASX Code: CTM) is pleased to advise that resource growth and development drilling at its 100%- owned Jaguar Nickel Sulphide Project in the Carajás Mineral Province of northern Brazil continues to deliver outstanding results which will underpin further resource growth ahead of the completion of the Definitive Feasibility Study (DFS) and maiden Ore Reserve estimate due for completion by the end of calendar 2022.


Highlights:

  • Step-out, extensional and in-fill drilling at Jaguar South (JS), Jaguar West (JW) and Onça Preta (OP) continues to deliver strong, consistent results with new assay results including:
    • 40.0m at 1.04% Ni from 74.0m; including 6.5m at 2.04% Ni, from 90.0m and 5.0m at 2.13% Ni from 100.0m in JAG-DD-21-221 (JW)
    • 37.3m at 1.11% Ni, from 134.5m; including 6.0m at 2.44% Ni from 160.5m in JAG-DD-21-216 (JW)
    • 14.0m at 2.07% Ni from 101.0m; including 5.5m at 3.88% Ni from 105.0m in JAG-DD-21-196 (JS)
    • 23.0m at 1.17% Ni from 283.0m, including 8.0m at 2.01% Ni from 298.0m in JAG-DD-21-208 (OP)
    • 14.4m at 1.50% Ni, from 502.6m; including 4.4m at 3.41% Ni from 507.0m in JAG-DD-21-223 (JS)
    • 24.0m at 0.80% Ni, from 73.0m in JAG-DD-21-216 (JW)
    • 14.2m at 0.98% Ni from 388.0m, including 2.7m at 1.93% Ni from 399.5m in JAG-DD-21-219 (OP)
    • 13.0m at 1.02% Ni, from 95.0m JAG-DD-21-204 (JS)
    • 7.1m at 1.46% Ni from 379.9m, including 4.0m at 2.13% Ni from 382.0m in JAG-DD-21-204 (JS)
    • 27.0m at 0.43% Ni from 294.0m in JAG-DD-21-223 (JS)
    • 16.0m at 0.65% Ni, from 53.0m in JAG-DD-21-221 (JW)
    • 5.0m at 1.14% Ni, from 30.0m in JAG-DD-21-224 (JW)
    • 11.5m at 0.74% Ni, from 61.0m in JAG-DD-21-224 (JW)
  • The Jaguar December 2021 Mineral Resource Estimate (MRE), comprising 80.6Mt @ 0.91% Ni for 730,700 tonnes of contained nickel, is one of the largest nickel sulphide resources held by an ASX-listed company and the largest outside of the majors.
  • New visual logs together with multiple strong, late-time (Ch20+) conductor plates identified in down-hole electromagnetic (DHEM) surveys point to the strong likelihood of more high-grade nickel intersections as step-out drilling continues.
  • The Company is well-funded after completing a heavily oversubscribed institutional raise of $75 million.

As a result of the continued run of outstanding results and following the recent highly successful $75 million institutional placement, the Company has committed to a further increase in drilling capacity at Jaguar with a total of 14 rigs expected to be operating at the Project by the end of February.

Centaurus’ Managing Director, Mr Darren Gordon, said exploration and development drilling was back in full swing at Jaguar following a short break for the festive season, paving the way for another year of strong news-flow from the drill bit.

Click here for the full ASX Release

This article includes content from [Company Name], licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CTM:AU
The Conversation (0)
Ni-Co Energy

Ni-Co Energy

Keep reading...Show less
Nickel block on periodic table, highlighting element nickel, atomic number 28.

Western Mines Completes Maiden Resource for Mulga Tank Nickel Deposit

Western Mines Group (ASX:WMG) has completed the first mineral resource estimate for the shallow disseminated nickel sulphide mineralisation at its flagship Mulga Tank project.

Located on the Minigwal greenstone belt in Western Australia's Eastern Goldfields region, Mulga Tank is a nickel, cobalt, copper and platinum-group metals (PGMs) project.

According to Western Mines, the resource estimate is based on all of its drill results to date, and outlines a "significant mineralised zone" in the main body of the Mulga Tank complex.

Keep reading...Show less
Canadian flag draped over "Ni" symbol and stock chart.

Top 5 Canadian Nickel Stocks of 2025

Nickel prices experienced a volatile year in 2024 due to uncertainty on both the demand and supply sides.

This trend has continued into the first quarter of 2025 and is expected to remain for the year.

While this environment has been tough, some nickel stocks are still thriving.

Keep reading...Show less
Drill core samples in box.

Top 5 Canadian Mining Stocks This Week: Noble Mineral Exploration Gains 114 Percent on Nickel Assays

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

This week, the US Bureau of Labor Statistics released key inflation data, including its consumer and producer price index data on Wednesday (March 12) and Thursday (March 13). The reports show all items inflation was up 2.8 percent year-over-year in February, while core inflation — all items minus food and energy — was up 3.1 percent over that period. Both rose by 0.2 percent compared to January.

The numbers show that inflation has largely become stuck and is still far from the 2 percent target rate set by the US Federal Reserve. The data provides further insight into the health of the overall economy ahead of the Federal Open Market Committee meeting next week. The consensus among analysts is the Fed will choose to maintain its benchmark rate at 4.25 to 5 percent.

Keep reading...Show less

Latest Press Releases

Related News

×