InvestSMART

Centaurus Metals Limited (ASX:CTM)

ALERT: Price-sensitive ASX Announcement for CTM
Current share price for CTM : $0.480 -0.07 (-12.73%)+
Announcement
Release
15 Jun 2026 9:45AM
Price at Release
$0.550
Full Release
download
Summary
Centaurus Metals Limited announced that its Brazilian subsidiary, Centaurus Níquel Ltda., has been granted significant state tax incentives by the State of Pará for the development of the Jaguar Nickel Sulphide Project. These incentives, under State Act N. 6716/2005, include full exemption from the ICMS tax on the purchase of goods, equipment, raw materials, and reagents within the State of Pará, as well as imports of raw materials and equipment not manufactured in Brazil. Additionally, there is a 50% reduction in ICMS on fuel and power purchases within the state. The Managing Director, Darren Gordon, highlighted the importance of these incentives in advancing the project and contributing to the region's economic development. The company aims to finalize the project's funding package by September 2026 to support a final investment decision.
Key Points
  • Centaurus Metals granted state tax incentives for Jaguar Project in Pará.
  • Incentives include full ICMS exemption on certain goods and imports.
  • 50% ICMS reduction on fuel and power purchased in Pará.
  • Incentives demonstrate the project's importance to the region.
  • Final investment decision targeted for end of September 2026.
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.