Centaurus secures funding interest and Glencore offtake as Jaguar nickel project advances

The latest update is out from Centaurus Metals Limited ( (AU:CTM) ).

Centaurus has attracted strong interest from international financiers for up to US$320 million in project funding for its Jaguar Nickel Project, including a letter of intent for significant debt backing from Brazil’s BNDES, while signing a binding offtake deal with Glencore for one-third of Jaguar’s planned nickel concentrate output. The company has appointed veteran project director Thiago Costa, is close to completing basic engineering for Jaguar, and is progressing early works and environmental approvals, alongside advancing exploration at its Boi Novo copper-gold project and pilot-scale testwork at Jambreiro confirming its ability to produce high-purity direct reduction iron ore concentrate to support future offtake talks.

At Boi Novo, a diamond drilling program has concluded with assays pending and new surface exploration and FLEM geophysics under way across largely untested ground, potentially expanding the project’s copper-gold footprint. At Jambreiro, pilot plant results delivering 67.8% Fe direct reduction pellet feed with low impurities are helping refine the flowsheet and position Centaurus to tap higher-value DR iron markets, while the group ended March 2026 with A$21.6 million in cash to support its Brazilian project pipeline.

The most recent analyst rating on (AU:CTM) stock is a Buy with a A$0.85 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 Brazil’s Carajás Mineral Province, a major global mining hub. The company is also advancing the Boi Novo copper-gold project and the Jambreiro iron ore project, targeting high-grade products for decarbonisation-linked and premium steel markets.

Average Trading Volume: 1,178,003

Technical Sentiment Signal: Buy

Current Market Cap: A$347.9M

See more data about CTM stock on TipRanks’ Stock Analysis page.