Centaurus Metals
Centaurus Metals is an ASX-listed mining development company advancing the Jaguar Nickel Sulphide Project in Brazil's Carajás Mineral Province, targeting 20,000 tonnes per year of Class 1 nickel concentrate for the global battery supply chain under a binding Glencore offtake.
- Company typePublic
- Founded2010
- HeadquartersPerth, Australia
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Centaurus Metals does
Centaurus Metals Limited (ASX: CTM / OTCQX: CTTZF) is an Australian-domiciled mining exploration and development company headquartered in West Perth with regional headquarters in Belo Horizonte, Brazil. Its flagship asset is the Jaguar Nickel Sulphide Project, an advanced development-stage nickel project located in Brazil's Carajás Mineral Province — one of the world's premier mining addresses — targeting production of approximately 20,000 tonnes per year of high-grade Class 1 nickel concentrate over a 15-year open-pit mine life. The project economics are anchored by an A$1.15 billion NPV8% and a 34% IRR per the Jaguar Value Engineering Process (JVEP), with bottom-quartile global cost positioning and a top-3% CO2 footprint among operating nickel mines. The company holds two additional Brazilian assets: the Jambreiro Iron Ore Project, targeting high-purity DR-grade concentrate for the green steel market, and the Boi Novo Copper-Gold exploration project.
Centaurus is pre-revenue and at the development stage, with the Jaguar Mining Lease received from Brazil's MME in October 2025 alongside environmental approvals and a construction permit finalized in March 2025. A binding five-year offtake with Glencore covers 100% of planned nickel concentrate production (~US$450 million contract value), and a US$190 million Letter of Intent from BNDES, Brazil's National Development Bank, combined with up to US$320 million in international financier interest, is expected to fund the US$380-390 million capital requirement. The company is targeting a 1H26 Final Investment Decision.
The business model is B2B mineral production sold through long-term offtake agreements to global commodities traders and downstream battery/stainless steel customers. Revenue mechanics are expected to be transaction-based concentrate sales at market prices once production commences, with optionality for downstream processing into battery-grade nickel sulphate and cobalt hydroxide by-product recovery as demonstrated in pilot work. Customer concentration currently sits with Glencore as the sole offtaker for the initial production period. The go-to-market is enterprise field sales into the Class 1 nickel segment of the global EV battery supply chain, supported by ongoing broker research coverage from Canaccord Genuity, Argonaut, SCP Research, Euroz Hartleys, and Sprott, and a Brazil-heavy operational footprint (92% Brazil-based personnel across approximately 249 total staff/contractors).
Centaurus Metals firmographics
Firmographics- Name
- Centaurus Metals
- Legal name
- Centaurus Metals Limited
- Website
- https://centaurus.com.au
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Centaurus Metals is an ASX-listed mining development company advancing the Jaguar Nickel Sulphide Project in Brazil's Carajás Mineral Province, targeting 20,000 tonnes per year of Class 1 nickel concentrate for the global battery supply chain under a binding Glencore offtake.
- Ownership category
- akta.pro rank
Centaurus Metals industry classification
Industry- Product category
- Nickel Mining
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Nonferrous Metal (except Aluminum) Smelting and Refining (331410)
- SIC
- Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Nickel Mining & Concentrates (IMAKAFAB)
- akta.pro secondary industries
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where Centaurus Metals is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Centaurus Metals business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Personnel, Operations, Supply Chain, Technology or R&D
Revenue model
- Nickel Concentrate Sales: Pre-revenue development stage. Company will generate revenue from selling nickel sulphide concentrate produced at Jaguar project. All planned production (20,000 tpa) is committed under Glencore offtake agreement. Future revenue diversification potential through downstream processing (nickel sulphate) or additional concentrate customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Glencore Offtake Agreement - 5-year binding contract for nickel concentrate |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Centaurus Metals product offering
Product offeringCore offering
Centaurus Metals is an ASX-listed exploration and development company focused on the Jaguar Nickel Sulphide Project in Brazil's Carajás Mineral Province. The company is advancing toward production of approximately 20,000 tonnes per year of nickel in concentrate over a 15-year open-pit mine life, supplying Class 1 nickel sulphides for the global battery supply chain. Secondary projects include the Jambreiro Iron Ore Project and the Boi Novo Copper Gold Project.
Product overview
Centaurus Metals Limited is an ASX-listed mining exploration and development company focused on the Jaguar Nickel Sulphide Project as its flagship asset, along with the Jambreiro Iron Ore Project and Boi Novo Copper Gold Project. The company is advancing toward production with its primary focus on delivering approximately 20,000 tonnes per year of nickel concentrate from Jaguar over a 15-year mine life, positioning itself as a supplier of Class 1 nickel sulphides for the electric vehicle battery supply chain.
Differentiator
Problem solved
Functional benefit
Products and services
- Jaguar Nickel Sulphide Project Flagship advanced nickel sulphide mining project located in the Carajás Mineral Province in Brazil, targeting annual production of approximately 20,000 tonnes of nickel in concentrate over a 15-year open-pit mine plan. Produces >30% Ni concentrate suitable for Class 1 nickel applications and battery supply chain.
- Jambreiro Iron Ore Project Iron ore project in Brazil awarded Priority Status, producing high-purity DRPF (Direct Reduction Pellet Feed) concentrate for the green steel market.
- Boi Novo Copper Gold Project Copper-gold exploration project located in the Carajás Mineral Province in Brazil, with drilling results showing high-grade copper intercepts.
Quantifiable outcome
- A$1.15 billion NPV8% with 34% IRR from Jaguar Value Engineering Process
- +3 more outcomes
Companies that use Centaurus Metals
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Centaurus Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Centaurus Metals partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Glencorecore/flagshipBinding five-year offtake agreement worth approximately $450 million. Glencore commits to purchase 20,000 tonnes per year of nickel concentrate from Jaguar project, with delivery to Glencore's Sudbury smelter. The agreement provides third-party validation from one of the world's largest nickel producers and metals traders, de-risks project financing, and secures ~100% of planned production.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Centaurus Metals competitors and assessment
Company assessmentDirect peers
- Panoramic Resources: ASX-listed owner of the Savannah nickel-copper-cobalt mine in Western Australia. Comparable as a small-cap Australian nickel sulphide producer with single-asset exposure and a customer base tied to concentrate offtake to Asian smelters.
- Lundin Mining: Toronto-listed mid-tier base metals producer with nickel operations at Eagle (Michigan) and Neves-Corvo (Portugal). Comparable as a base-metals producer with nickel sulphide concentrate output feeding European and North American smelters.
- Poseidon Nickel: ASX-listed Australian nickel sulphide developer focused on Black Swan/Silver Swan and Lake Johnston projects. Directly comparable as a Western-Australia-headquartered, single-commodity nickel sulphide developer targeting concentrate production for the battery supply chain.
- IGO Limited: ASX-listed owner of the former Western Areas nickel sulphide operations (Forrestania and Cosmos) in Western Australia. Comparable as a vertically integrated nickel sulphide producer serving the Class 1 battery and EV supply chain from Australian operations.
- Nickel Mines Limited: ASX-listed nickel producer with majority interest in the Hengjaya, Ranger, and Angel Nickel projects in Indonesia. Comparable as a pure-play nickel company supplying Class 1 nickel into the stainless steel and battery supply chains, though via laterite rather than sulphide feedstock.
Broad incumbents
- Vale SA: Brazilian diversified miner with extensive nickel operations in Canada (Sudbury/Voisey's Bay) and Indonesia (Sorowako/Pomalaa), and Carajás-based copper/iron ore. Comparable as the dominant operator in the Carajás Mineral Province and a key Brazilian mining counterparty for infrastructure, labour, and regulatory context.
- Glencore: Swiss-listed major diversified miner and commodity trader with large nickel mining and smelting operations. Comparable as Centaurus Metals' anchor offtake counterparty and Sudbury smelter operator, and as a benchmark for what constitutes a Tier-1 Class 1 nickel offtake relationship.
- BHP Group: Diversified global mining major with the Nickel West division in Western Australia producing concentrate and Class 1 nickel for battery applications. Comparable as a major nickel sulphide producer and likely counterparty/competitor for Class 1 nickel supply into the EV battery chain.
Emerging players
- Chalice Mining: ASX-listed explorer-developer advancing the Julimar nickel-copper-PGE project in Western Australia. Comparable as a pre-redevelopment nickel sulphide story with significant resource scale and downstream critical minerals optionality.
- St George Mining: ASX-listed early-stage nickel-copper sulphide explorer focused on the Mt Alexander project in Western Australia. Comparable as an emerging Australian nickel sulphide developer targeting battery-grade concentrate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Centaurus Metals social profiles
Digital presenceCentaurus Metals compliance and trust
Trust signalCompliance1 record
Centaurus Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Centaurus Metals leadership team
Management profileNumber of profiles
Profiles4 records
Centaurus Metals funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Centaurus Metals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Centaurus Metals
What does Centaurus Metals do?
Centaurus Metals is an ASX-listed exploration and development company focused on the Jaguar Nickel Sulphide Project in Brazil's Carajás Mineral Province. The company is advancing toward production of approximately 20,000 tonnes per year of nickel in concentrate over a 15-year open-pit mine life, supplying Class 1 nickel sulphides for the global battery supply chain. Secondary projects include the Jambreiro Iron Ore Project and the Boi Novo Copper Gold Project.
Is Centaurus Metals a public or private company?
Centaurus Metals is a public company. It is classified as public and is currently operating.
When was Centaurus Metals founded?
Centaurus Metals was founded in 2010. It employs 51 to 100 people.
Where is Centaurus Metals based?
Centaurus Metals is headquartered in Perth, Australia, in the Oceania region.
How does Centaurus Metals make money?
One revenue line is on record: nickel Concentrate Sales.
Who are Centaurus Metals's main competitors?
Direct peers on record are Panoramic Resources, Lundin Mining, Poseidon Nickel, IGO Limited and Nickel Mines Limited. Broad incumbents are Vale SA, Glencore and BHP Group. Emerging players are Chalice Mining and St George Mining.
Does Centaurus Metals have an API?
No public API is recorded for Centaurus Metals.
What industry is Centaurus Metals in?
Centaurus Metals's product category is Nickel Mining. Its primary akta.pro industry code is IMAKAFAB, Nickel Mining & Concentrates, with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite). Its NAICS code is 212230 and its SIC code is 1000.