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NICKel CoNFeReNCe PReVIeW

Centaurus pounces on Jaguar

nvestor eyes have returned to Centaurus commercial production from Jaguar. told Paydirt.
IMetals Ltd following the Brazil-focused Centaurus raised $10 million last month “We’ve brought in some institutional in-
company’s strategic swap of assets with via an equity placement which was sup- vestors, that comes with the good and the
Vale SA. ported by a number of small-cap institu- bad, but it is a sign that we’re at least able to
Pending a final approval from the Brazil- tional investors from Australia and over- grow again and there is a different audience
ian National Bank for Economic and Social seas, including clients and affiliates of is now willing to take a look at the business
Development, Centaurus is set to take on Sprott Group. of Centaurus and what it is doing in Brazil.
Vale’s Jaguar nickel sulphide project in the Since the deal was unveiled during Dig- “I think that comes back to not just the
country’s prolific Carajãs mineral province. gers & Dealers in early August, shares project, but our 10 years in country and our
In exchange, Vale will receive a $250,000 in Centaurus have surged 228% to 1.6c, understanding of the system which shows
cash payment and the Salobo West explo- prompting managing director Darren Gor- that we can deal with the majors. It’s been
ration licences and licence applications don to suggest that investors were back- a long apprenticeship, but I feel like we’ve
from Centaurus. The deal also includes a ing the company’s second coming. earnt the right now to be able to look at real-
number of deferred considerations, includ- “The support we saw in that equity ly good quality projects with the majors, and
ing a $US55 million payment upon first raise was really, really strong,” Gordon I think investors can see now that as well.”

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