InvestSMART

Centaurus Metals Limited (ASX:CTM)

ALERT: Price-sensitive ASX Announcement for CTM
Current share price for CTM : $0.440 -0.01 (-2.22%)+
Announcement
Release
15 Jul 2026 9:41AM
Price at Release
$0.450
Full Release
download
Summary
Centaurus Metals Limited announced the approval of connecting its Jaguar Nickel Sulphide Project to Brazil's national high-voltage power grid, ensuring access to low-cost, reliable electricity. This strategic move secures a 20MW power allocation and involves extending a 36km transmission line to the project's main substation. The initiative is expected to lower long-term operating costs and support the project's competitive positioning in the global nickel market. All required environmental and mining permissions for the construction have been obtained, and a financial guarantee will be lodged to secure the power allocation. This development represents a significant step in advancing the project, mitigating risks, and enhancing operational efficiencies.
Key Points
  • Centaurus Metals has received regulatory approval to connect the Jaguar Nickel Sulphide Project to Brazil's national 230kV power grid.
  • The approval secures an initial allocation of 20MW of power, providing reliable and low-cost electricity.
  • This connection will significantly reduce operating costs and support the project's position in the bottom quartile of the global nickel cost curve.
  • Construction involves a 36km extension from an existing transmission line to Jaguar's main substation.
  • All necessary environmental and mining approvals for construction have been secured.
  • Centaurus has agreed to participate in load shedding until regional transmission upgrades are completed, projected by mid-2032.
  • A R$9.7 million (A$2.7 million) guarantee will be lodged with ONS to secure the power allocation, linked to the Final Investment Decision.
  • This milestone is critical for advancing the Jaguar project towards development, providing a competitive edge through reduced risks and costs.
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.