Centaurus Metals estimates capex of US$370mn for its Brazil nickel project

Australian miner Centaurus Metals estimates capex for its Jaguar nickel sulfide project in Brazil’s Pará state to reach US$371 million, up from US$288mn previously planned, according to the feasibility study.

"Centaurus finalized the project capital estimate for the study following receipt of costs estimated for the concentrator and infrastructure based on engineering and estimation work completed by Ausenco," the study said.

"It covers all the costs associated with the construction and associated expenditure to develop the project to a production capacity of 3.5Mt/y to produce approximately 18,700t/y of nickel-in-concentrate annually [sic] over the initial 18-year open pit mine life," it added.

The estimate includes all costs associated with engineering, construction and project management, among others.

A final investment decision and the strategy to obtain financing are expected for 2Q25 based on the current environmental approval and development timeline. 

Production is expected to start in the second half of 2027.

The feasibility study can be accessed here.