Centaurus Metals (ASX: CTM) has made a new nickel sulphide discovery at the Twister Prospect with greenfields exploration drilling at its wholly-owned Jaguar Nickel Sulphide Project (JNP) in northern Brazil.
Managing Director, Mr Darren Gordon, said the discovery of shallow nickel sulphide mineralization at Twister represents the second greenfields discovery to be made on the property since it was acquired from Vale and shows the nickel prospectivity across the entire tenement.
“Our 2023 regional exploration focus has paid immediate dividends, with significant nickel sulphide intercepts returned in multiple holes over a significant strike extent at Twister. Over the past 18 months, the RC rig has been focused on project development and sterilization drilling but has now been freed up this year to drill out the exciting greenfield targets on the tenement, and we are starting to see the results of this work.
“Drilling at Twister has intersected high-grade nickel sulphide mineralization over 900m of strike which remains open in both directions and at depth. The mineralization at Twister outcrops and, with initial RC results such as 8.0m at 1.20% Ni from 63.0m, we believe there is a good chance that, with some additional drilling, the Twister Prospect mineralization will make it into the Resource base as part of the next MRE upgrade.
“Importantly, Twister is located less than 5km from the proposed ROM pad site and, as such, could be a future open pit satellite operation for the Jaguar Nickel Project.
“The continued delivery of outstanding results both from resource growth drilling and greenfields exploration drilling is consistent with the Company’s two-pronged strategy of continuing to grow and upgrade the Jaguar MRE, in parallel with key de-risking steps associated with Project permitting and the completion of the ongoing Definitive Feasibility Study.
“Jaguar is already a standout project in terms of scale and quality amongst undeveloped nickel sulphide projects worldwide and the Project’s extremely low emission footprint will be a key distinguishing feature in the market as OEM’s have to start reporting Scope 3 emissions and the location of where their nickel has been sourced.”
The shallow zone of nickel sulphide mineralization – which has so far been delineated over a strike length of 900m– is located just 5km from the proposed mining and processing infrastructure at Jaguar and has the potential to grow the JNP’s Resource base and potentially extend mine life.
For further information please visit: https://www.centaurus.com.au/
