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Centaurus Metals Limited ( (AU:CTM) ) has shared an update.
Centaurus Metals has attracted strong interest from ten leading international resource financiers for the development of its 100%-owned Jaguar Nickel Sulphide Project in northern Brazil. The company has received competitive non-binding project finance offers of up to US$320 million, with multiple proposals exceeding US$250 million, underscoring lender confidence in Jaguar’s quality and cash flow potential.
Centaurus is now short-listing preferred financiers ahead of site visits, due diligence and financing documentation, with a view to appointing a Tier-1 financier or syndicate to arrange and underwrite project finance by the third quarter of 2026. Basic engineering is nearing completion and early-stage works have begun, with a final investment decision targeted to align with the financier appointment, signalling accelerating project development momentum following a recent offtake deal with Glencore and the hiring of a dedicated project director.
The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.68 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 Australian-listed resources company focused on developing the Jaguar Nickel Sulphide Project in northern Brazil. The company operates in the nickel mining and development industry, targeting the growing global demand for battery metals and positioning Jaguar as a significant future supplier to international markets.
Average Trading Volume: 1,329,606
Technical Sentiment Signal: Hold
Current Market Cap: A$322.5M
See more insights into CTM stock on TipRanks’ Stock Analysis page.