Centaurus Metals reports interim loss, eyes project development funding

Centaurus Metals Limited reported a consolidated loss of $9,457,991 for the half-year ended 30 June 2025, an increase from $8,451,426 in the previous corresponding period. This loss includes $6,816,821 in exploration expenditure. The Group's net cash balance stood at $9,071,414, down from $18,043,388 at 30 June 2024, with net assets of $27,590,327.

Despite the financial loss, the company made significant operational progress. The Jaguar Nickel Sulphide Project advanced with a positive Value Engineering Study, confirming a 15-year mine life and first quartile operating costs. The project secured key environmental approvals, including a Preliminary License in January 2024 and an Installation License in March 2025. Additionally, the Boi Novo Copper-Gold Project yielded encouraging assay results, and the Jambreiro Iron Ore Project moved closer to delivering DR quality pellet feed concentrate.

Subsequent to the reporting period, Centaurus Metals successfully completed a share placement in August 2025, raising $20 million before fees. The company also initiated a share purchase plan targeting an additional $3.0 million, aimed at supporting the continued development of the Jaguar Nickel Sulphide Project, advancing strategic partnerships, and funding exploration at the Boi Novo project.