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The latest announcement is out from Centaurus Metals Limited ( (AU:CTM) ).
Centaurus Metals has secured a key milestone for its flagship Jaguar Nickel Sulphide Project in northern Brazil with the granting of a mining lease and completion of all major environmental and mining approvals needed to start construction. Basic engineering is under way with CPC Engineering in Australia, including a streamlined tailings circuit and revised plant layout aimed at reducing the project footprint, earthworks and operational complexity, while the company continues to advance debt and equity funding pathways towards a final investment decision. In parallel, Centaurus has strengthened its growth pipeline by acquiring the adjacent Rio Novo tenure next to its Boi Novo Copper-Gold Project, creating a combined ~75km² land package in the Carajás Mineral Province, where it has restarted diamond drilling and initiated EM geophysics and surface exploration over largely untested ground. Recent drilling at Boi Novo and historical drilling at Rio Novo have confirmed multiple high-grade copper zones, underlining the district’s strong prospectivity, while the company ended the December 2025 quarter with $24.6 million in cash to support ongoing development and exploration activities.
The most recent analyst rating on (AU:CTM) stock is a Hold with a A$0.65 price target. To see the full list of analyst forecasts on Centaurus Metals Limited stock, see the AU:CTM Stock Forecast page.
More about Centaurus Metals Limited
Centaurus Metals Limited is an Australia- and Brazil-based mineral exploration and development company focused on base and precious metals, notably nickel, copper and gold, in Brazil’s Carajás Mineral Province, one of the world’s most prospective belts for copper-gold and iron ore. Its flagship asset is the Jaguar Nickel Sulphide Project in Pará state, which is being advanced as a globally significant nickel operation to supply the clean energy and battery materials market, while its Boi Novo and Rio Novo copper-gold projects provide a growing pipeline of exploration and development opportunities.
Average Trading Volume: 1,210,147
Technical Sentiment Signal: Buy
Current Market Cap: A$366.1M
See more data about CTM stock on TipRanks’ Stock Analysis page.