Centaurus acquires offtake rights for all Jaguar nickel products from Vale  

Map: Centaurus Metals

Centaurus Metals Limited announces that it has entered into a transaction agreement with Vale Base Metals, via its subsidiary SaloboMetais  S.A (Vale), whereby Vale has agreed to extinguish its right to 100% of the nickel offtake from the  Jaguar Nickel Sulphide Project in northern Brazil in exchange for an increase in their existing royalty from the project.

Vale has now agreed to extinguish the Offtake Rights in exchange for an additional royalty over Jaguar on the same terms as the royalty arrangements.

Centaurus’ Managing Director, Mr Darren Gordon, said the transaction represented a pivotal moment in the development pathway for the Jaguar Nickel Sulphide Project, one of the largest undeveloped and highest grade open pittable nickel sulphide projects globally.

“We are very pleased to have reached a mutually beneficial agreement with Vale on this transformational deal  - which reflects the strong relationship we have built up with them over a number of years and delivers an outstanding  outcome for all project stakeholders.”

 “We anticipate that our low-greenhouse gas emission nickel sulphate product will be highly sought after in the global market, particularly amongst end-users, with Centaurus now able to freely explore a range of strategic  funding and offtake options to support the Project’s development. The battery materials market is expanding  exponentially, and we are increasingly seeing OEMs and other EV battery players moving further upstream as they  seek to secure long-term supplies of key raw materials.”