In September 2019, Centaurus Metals (CTM) executed an acquisition agreement with Vale for the Jaguar Nickel Sulphide Project in the Carajás region of Brazil. Jaguar has a non-JORC resource of 40.4Mt @ 0.8% Ni, mineralised from surface. Importantly, the deposit contains several zones of high-grade massive nickel sulphide grading up to 15.5% Ni. Argonaut sees opportunity for CTM to rapidly define a development scenario incorporating both open pit and underground mining across several deposits within the Jaguar Project. CTM is currently drilling with two diamond rigs targeting both resource definition/infill and resource expansion. A Scoping Study is due for release in Q3 2020.
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