Centaurus Metals Limited (ASX:CTM, OTCQX:CTTZF) CEO & managing director Darren Gordon talked with Proactive at the ASX Small and Mid-Caps Conference about the company’s progress advancing its flagship Jaguar nickel sulfide project in Brazil and the next steps toward development.

Gordon explained that Centaurus has spent several years de-risking the Jaguar project through extensive drilling, multiple resource updates and feasibility studies, and is now focused on securing funding to move into construction. He said: “We're really going through the funding phase to ultimately make investment decision and start the build.”

A key recent milestone is an offtake agreement with Glencore, which validates the quality of the project’s nickel concentrate and provides strategic support. Gordon highlighted that Glencore’s role as both trader and end user strengthens the project’s credentials, particularly with material expected to supply its Sudbury operations in Canada.

The company is also progressing debt financing discussions, including a proposed US$190 million loan from Brazil’s National Development Bank. Gordon noted that nickel’s status as a critical mineral in Brazil aligns well with the bank’s priorities, and ongoing due diligence has brought the process closer to a more binding agreement.

Commenting on market conditions, Gordon said sentiment has improved in recent months after a challenging period for nickel prices, with renewed investor interest supporting funding efforts. He emphasised that Centaurus Metals Limited is positioned at the lower end of the cost curve with a large resource base, offering strong potential upside once funding is secured.

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