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Centaurus Metals Limited (ASX:CTM)

ALERT: Price-sensitive ASX Announcement for CTM
Current share price for CTM : $0.440 -0.2 (-31.25%)+
Announcement
Release
28 Apr 2026 9:19AM
Price at Release
$0.640
Full Release
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Summary
Centaurus Metals Limited's quarterly activities report for the period ending 31 March 2026 highlights significant financial and operational developments. The company experienced a net cash outflow from operating activities of A$2,229,000 and cash used in investing activities amounting to A$1,918,000. Financing activities included raising A$1,119,000 through the exercise of options, resulting in a cash reserve of A$21.6 million by the quarter's end. The company received strong interest from international financiers, including a significant funding offer from Brazil's BNDES. An Offtake Agreement with Glencore AG was finalized for nickel concentrate supply. Additionally, successful pilot plant test work at the Jambreiro Iron Ore Project indicated the potential for high-quality pellet feed production.
Key Points
  • Centaurus Metals Limited reported a net cash outflow from operating activities of A$2,229,000 for the quarter.
  • Cash used in investing activities was A$1,918,000, primarily for property, plant and equipment.
  • The company raised A$1,119,000 from the exercise of options in financing activities.
  • At the end of the quarter, Centaurus Metals had cash reserves of A$21.6 million.
  • Significant interest was received from international financiers, including a Letter of Intent from BNDES for US$190 million.
  • A foundational Offtake Agreement with Glencore AG was executed for high-grade nickel concentrate.
  • A pilot plant test work program at the Jambreiro Iron Ore Project produced high-quality direct reduction pellet feed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.