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Centaurus Metals Limited (ASX:CTM)

ALERT: Price-sensitive ASX Announcement for CTM
Current share price for CTM : $0.465 -0.105 (-18.42%)+
Announcement
Release
6 May 2026 9:13AM
Price at Release
$0.570
Full Release
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Summary
Centaurus Metals Limited has announced significant progress in their exploration at the Rio Novo and Boi Novo projects. At Rio Novo, the company identified multiple copper-in-soil anomalies over 2km in length, indicating a strong potential for copper-gold mineralisation. The exploration at Boi Novo continues to yield significant copper and gold mineralisation, particularly at the Nelore West and Nelore East prospects, with new drilling results showing promising copper and gold grades. The company also reports intersecting substantial itabirite iron mineralisation. Centaurus plans further exploratory work at Rio Novo, including geophysical surveys and soil sampling, to refine drill targets. Additionally, initial metallurgical tests at Boi Novo have produced high-quality copper-gold concentrate with recoveries as high as 95%.
Key Points
  • Centaurus Metals Limited has identified multiple +2km copper-in-soil anomalies at the Rio Novo tenements.
  • The Boi Novo Project has continued to deliver significant copper-gold mineralisation at both Nelore West and Nelore East prospects.
  • Recent drilling results include high copper and gold grades, such as 6.7m at 1.53% Cu and 0.30g/t Au from Nelore West.
  • The Boi Novo Project also reports intersecting multiple broad zones of itabirite iron ore.
  • A strong pipeline of drill-ready targets is being generated at Rio Novo, with significant upside potential.
  • Further exploration work at Rio Novo includes mapping, soil sampling, and geophysical surveys like FLEM and drone magnetics.
  • Initial metallurgical testing at Boi Novo achieved high-quality copper-gold concentrate with up to 95% recoveries.
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.