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CTM - Centaurus Metals

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Centaurus Metals Limited (CTM), formerly Glengarry Resources Ltd (GGY), is a minerals exploration company based in Perth. CTM's current exploration activity is focused on the Percyvale and Hampstead Projects located in North Queensland. The current projects are located in a region which contains significant economic quantities of gold, base metals, uranium, molybdenum and nickel.

http://www.centaurus.com.au
 
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Been surprised that there hasn't been much talk about this share.. looking like a good iron ore junior.. there got a small market capital and there targeting a production of 3mtpa.

would be interested to see if anyone has interest in this specy play
 
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I like this as a speccy, and one of the very few with a toe hold in Brazil

i am waiting for the dust to settle on the SPP then might jump in.

Centaurus Metals Ltd To Raise AUD18 Million To Accelerate Growth At Brazilian Iron Ore Projects
Tuesday, 7 Sep 2010 08:15pm EDT
Centaurus Metals Ltd announced that it will raise up to AUD18 million to accelerate growth at its Brazilian Iron Ore Projects. The funds will be raised through a AUD14.4 million share placement at AUD0.075 per share to international and domestic clients of Joint Lead Managers Hartleys Limited and Southern Cross Equities Limited and a AUD3.6 million Share Purchase Plan (SPP) to existing shareholders. The SPP will also be undertaken at AUD0.075 per share. Centaurus reserves the right to scale back applications under the SPP if total demand exceeds AUD3.6 million. The funds raised will be used to progress the Company’s domestic iron ore projects in Brazil to a point where a development decision can be made on the preferred key domestic projects whilst its larger regional iron ore tenement package is explored with a view to defining a resource of sufficient size to be able to pursue an export project. The details of the capital raising are: Shares under the Placement and SPP will be issued at AUD0.075 per share; The Placement will be made in two tranches (Tranche 1 and Tranche 2); 48 million shares will be offered under the SPP to persons registered as shareholders of Centaurus as at September 7, 2010, with SPP documentation to be sent to eligible shareholders shortly. The SPP is expected to open on September 14, 2010 and close on September 28, 2010.
 
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I'm interested in following this one as it is a up coming junior in Brazil.
With brazil growing at a rate of about 5% per year in GDP and the possibility of Brazil becoming one of the Top 5 economic powers in the next decade it will be interesting to see if they can get there initial 3mtpa output once this has been instablished with an applied 120-150million of free cash flow the company will hopefully be able to establish there goal of identifying a project of 12-15mtpa giving them an estimated 500million+ cash flow.
 
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I'm interested in following this one as it is a up coming junior in Brazil.
With brazil growing at a rate of about 5% per year in GDP and the possibility of Brazil becoming one of the Top 5 economic powers in the next decade it will be interesting to see if they can get there initial 3mtpa output once this has been instablished with an applied 120-150million of free cash flow the company will hopefully be able to establish there goal of identifying a project of 12-15mtpa giving them an estimated 500million+ cash flow.

Thanks for your thoughts and the information. This may be one to hold on to for a while as the future does look interesting.
 
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Interesting Presentation, I had high hopes of this company, However I have yet to see a definitive plan stating when they will get particular operations up and running.
They do state projects will have a particular Mtpa but never state when.

The only reason I'm interested is they state they will have 3Mtpa by 2013 and looking at operation or resources capable of 10-12Mtpa by this year.
however no mention of how.

Will continue to watch and may change my opinion if something definitive is presented.
 
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Drilling on existing resource areas are to be completed in April with the Updated Resource Expected in May sometime. Should see some rise if good results come May, continuing with more drilling to increase size of Resource

Targeting Initial Iron Ore production of 3Mtpa by the end of 2013, to be sold into the domestic steel industy. Low Operation cost due to low transportation cost

Jambreiro, Itambe and Passabem, have a collectively host JORC compliant resources totalling 126million tonnes at a grade of 30% Fe.
Current JORC resource base should produce over 50Mt of High grade (+63% Fe)

Jambreiro will be the first project which has the possibility of being a 2Mtpa producer in its own right with Beneficiation test demonstrating 66.2% Fe

Finally the company has roughly 12million in cash which i believe will provide them the required cash to complete there current goals. 3Mtpa will be a fair amount of profit for a company of this size.

Would be interested if anyone else has this on there radar or am I the only one with Brasil on my mind. They have alot of infrastructure to come in the future (Loads of Iron Ore required :p)
 
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Just received the notice re share and option placement. all a bit too much for me. If anyone can enlighten me it would be most appreciated. Does the share placement mean a dilution of value (and price)? Is the option price of 15c too high?
 

springhill

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SERRA DA LONTRA IRON ORE PROJECT DRILL RESULTS AND PROJECT UPDATE

Drilling at the Senna Prospect, the second of two prospect areas at Serra da Lontra, has been ongoing and highlights of recent drill results include the following continuous intersections of siliceous itabirite with several of these intersections falling within wider mineralised zones (see attached Figure 2 for drill hole location map and Tables 1 and 2 for a full listing of new intersections from drilling at the Senna Prospect):
● 39.5 metres @ 38.1% Fe, 5.7% Al2O3 and 0.08% P from 11.3m in Hole SDL-DD-12-0026
● 30.7 metres @ 37.8% Fe, 5.3% Al2O3 and 0.08% P from surface in Hole SDL-DD-12-0028
● 21.3 metres @ 38.1% Fe, 6.2% Al2O3 and 0.08% P from 8.2m in Hole SDL-DD-12-0025
● 17.0 metres @ 35.8% Fe, 9.7% Al2O3 and 0.09% P from 9.0m in Hole SDL-RC-12-0041
● 8.0 metres @ 50.5% Fe, 0.6% Al2O3 and 0.09% P from surface in Hole SDL-RC-12-0042

While significant intersections of siliceous itabirite have been encountered at the Senna Prospect, drilling has intersected more amphibolitic itabirite than originally anticipated, with some of the continuous intersections of amphibolitic itabirite including:
● 40.0 metres @ 43.2% Fe, 1.8% Al2O3 and 0.08% P from surface in Hole SDL-RC-12-0042
● 48.6 metres @ 32.3% Fe, 1.7% Al2O3 and 0.07% P from 35.4m in Hole SDL-DD-12-0024
● 21.1 metres @ 33.3% Fe, 1.9% Al2O3 and 0.08% P from 98.7m in Hole SDL-DD-12-0022
● 20.0 metres @ 35.1% Fe, 0.7% Al2O3 and 0.13% P from 23.0m in Hole SDL-RC-12-0032

PILOT PLANT TESTWORK CONFIRMS HIGH GRADE PRODUCT FOR JAMBREIRO IRON ORE PROJECT
● Key pilot plant testwork program on Jambreiro friable ore complete● High-grade product (66.0% Fe) with low impurity levels produced
● New process flow sheet delivers product with enhanced physical properties
● Potential to reduce capital and operating costs
● Product being prepared for delivery to potential customers

The extensive testwork program, which has been conducted on the friable itabirite iron ore which underpins the Project, demonstrated the ability to deliver a high-grade sinter feed-blend product with low impurities (4.1% silica, 0.8% Al2O3, 0.01% phosphorus) at an improved mass recovery of 39.4%.
The key batches of the testwork program generated approximately 9 dry tonnes of finished product which will now be prepared for distribution to domestic steel producers in Brazil ahead of discussions around potential off-take arrangements. Some of the product will also be used to undertake independent sinter testwork.
Importantly, the testwork has also revealed opportunities to reduce both capital and operating costs for the Jambreiro Project by introducing slight changes to the design of the flowsheet in response to the testwork results. These will be incorporated in the Bankable Feasibility Study due for completion next month.
 

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greggles

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Centaurus Metals up today after announcing it had identified a significant new exploration opportunity
at its Pebas Copper‐Gold Project in Brazil.

Watching with interest.
 

greggles

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More positive news has seem the CTM share price continue to advance. There have been a total of 10 price sensitive announcements since I last posted in September. They appear to be making good progress at their Salobo West Project and have delineated an extensive IOCG anomaly that is 6.5km long and up to 600m wide. Some real potential here.

screenshot-shareinvesting.anz.com-2017-11-23-09-30-55.png
 
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Anyone else watching this stock? Short term it is likely to hit $100m MC which would see it at almost double the current share price. It is currently in a very strong bullish trend. Good time to buy if not already in IMHO.
 

Dona Ferentes

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20200807_ctm-1024x481.png


Key Catalyst
Significant thick semi-massive to massive nickel sulphide intercepts from infill and extensional drilling at Jaguar Central Deposit, along with thick, shallow high-grade nickel at Jaguar North.

CTM is reaping the rewards of maintaining focused exploration activity, following its recent company-making acquisition of Vale’s 100%-owned Jaguar Nickel Sulphide Project in Brazil. Jaguar represents an at-surface nickel sulphide project, where a maiden JORC 2012-compliant resource of 48.0mt @ 1.08% Ni for 517,500 tonnes of nickel, has just been announced. The Jaguar Deposit is unique in the nickel sulphide space, as the high-grade nickel sulphide mineralisation comes almost to surface, whilst also continuing at depth. More than 80% of the nickel metal in the maiden Resource lies within 200m of surface, demonstrating the strong open-pit potential of the Project. Jaguar is already one of the largest near-surface undeveloped nickel sulphide projects in the world and CTM’s deepest hole to date extends to a depth of just 300m, which in a nickel sulphide context means CTM has only just scratched the surface.

Jaguar Nickel Project Update
As CTM continues its drilling campaign at its 100%-owned Jaguar Nickel Sulphide Project in Brazil’s Carajás Mineral Province, it has released further encouraging results from its Jaguar Central and Jaguar North Deposits.

Overview
Jaguar drilling continues to deliver a consistent flow of high-quality, shallow intersections of semi-massive and massive nickel sulphides that support, and are likely to enhance, CTM’s recent maiden JORC 2012 Mineral Resource Estimate (MRE) of 48.0Mt at 1.08% Ni for 517,500 tonnes of contained nickel. A number of the new assay results have come from extensional and step-out drill holes that were not included in the June 2020 MRE and are expected to help build on the existing MRE

Technical Significance
The latest assays included some of the best drilling results generated from the Jaguar Project to date, suggesting further near-term increases to the existing Mineral Resource, whilst also underlining the prospects for development of a high-margin nickel sulphide mine – given the thick, high-grade nature of the mineralization that extends from surface and remains open at depth. The highlight is the intercept of 33.7m at 2.23% Ni at Jaguar Central, which occurs from just 46m depth.

Many of the latest results reported will boost the high-grade component of the company’s Mineral Resource, which hosts an estimated 321kt of contained nickel at a grade of more than 1.5% Ni – with more than 70% of the high-grade resource located within 200m of surface and amenable to extraction via open-pit mining. CTM’s maiden Resource Estimate announced in June contains more than 500,000 tonnes of nickel at an average grade of over 1.0% Ni.

With a third diamond rig to be reactivated over the next few weeks, and all three diamond rigs to recommence double-shift operations, CTM is aiming to boost the Indicated component of the Mineral Resource via in-fill drilling, while also testing a number of the deeper targets where DHEM Conductor plates extend well below the depth of current drilling and are likely to represent semi-massive and massive sulphides.

Summary
CTM is moving ahead in leaps and bounds with respect to its Jaguar project, a fact reflected in the company’s strong share price performance. The first major milestone for the company was the delivery of its maiden Jaguar JORC 2012-compliant MRE, which is really just the start. Ongoing drilling is showing that the mineralisation extends from shallow depths and along strike, is thick, high-grade and consistent. The key is the near-surface nature of the mineralsation – with 80% of the current Resource lying within 200m of surface – meaning mining, costs and grades are more akin to that of an open-pit gold operation.

From a bigger picture perspective, the Jaguar project provides CTM with the opportunity to pursue development of an advanced and well-located nickel sulphide project that offers high-grade open-pit development potential. Nickel sulphide deposits like Jaguar are extremely rare globally and for CTM to be able to successfully acquire such an asset is a game-changer.

https://www.sharecafe.com.au/2020/0...ts-shallow-high-grade-nickel-at-jaguar-north/
 

Dona Ferentes

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another kick up


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Key Catalyst
Drilling at the Jaguar Central Deposit intersects thick semi-massive – massive nickel sulphides, confirming down-dip extensions of previous high-grade intercepts which remain open.

CTM is reaping the rewards of maintaining focused exploration activity, following its recent company-making acquisition of Vale’s 100%-owned Jaguar Nickel Sulphide Project in Brazil. Jaguar represents an at-surface nickel sulphide project, where a maiden JORC 2012-compliant resource of 48.0mt @ 1.08% Ni for 517,500 tonnes of nickel was recently announced to the market. The Jaguar Deposit is unique in the nickel sulphide space, as the high-grade nickel sulphide mineralisation comes almost to surface, whilst also continuing at depth. More than 80% of the nickel metal in the maiden Resource lies within 200m of surface, demonstrating the strong open-pit potential of the Project. Jaguar is already one of the largest near-surface undeveloped nickel sulphide projects in the world and CTM’s deepest hole to date extends to a depth of just 300m, which in a nickel sulphide context means CTM has only just scratched the surface
.
 
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I think we will see a take over of this Company this year. It's indicated and inferred reserves of nickel sulphides are too big not to go unnoticed.
plus it's my top pick in the 2021 share portfolio competition
 

Sean K

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CTMs had a good year. I wonder if all the fun is now factored into the SP? Their development timeline looks pretty slow considering their claim that this is the 'biggest and best' Ni project on the planet.

Anyone into this puppy?

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