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Centaurus Metals Limited ( (AU:CTM) ) has provided an announcement.
Centaurus Metals has announced that Equatorial Pará Distribuidora de Energia S.A. will upgrade power transmission capacity to meet the Jaguar Nickel Project’s requirements. This upgrade aligns with the project’s development timeline and reflects the increasing power demands in the region due to multiple mining projects. The company is working closely with Brazilian energy agencies to ensure the timeline is met and is also considering short-term power solutions to maintain progress. The Jaguar Project is expected to become a major long-life mining asset, creating significant value for stakeholders and local communities.
The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.80 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 company focused on developing significant nickel projects, particularly the Jaguar Nickel Sulphide Project in Brazil. The company operates in the mining industry, with a strong emphasis on contributing to a clean energy future through its nickel production.
Average Trading Volume: 795,462
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$199.4M
Find detailed analytics on CTM stock on TipRanks’ Stock Analysis page.