Mining Intelligence and News
Brazil

Jaguar (JNP) Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Nickel
  • Copper
  • Cobalt
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotOn 1 March 2024, Centaurus announced the decision to develop the Jaguar Project in two phases, with the first phase focusing on the production of a nickel sulphide concentrate from open pit mining operations, maintaining the contained nickel output, with a second downstream nickel sulphate refinery phase to follow when and if market conditions allow.

Key environmental approval for the Project – the Preliminary Licence (LP) – granted in January 2024 by the Pará State Environmental Agency, SEMAS.

Installation Licence (LI) application lodged with approval anticipated in Q4 2024.

Technical approval of the Mining Lease application received from the ANM (Brazilian National Mining Agency), with formal issue of the Mining Lease now only awaiting receipt of the LI from SEMAS.

FID targeted for Q2 2025 based on the current environmental approvals and development timeline.

Owners

SourceSource
CompanyInterestOwnership
Centaurus Metals Ltd. 100 % Indirect
The Jaguar Project is being developed by Centaurus Niquel Ltda, a wholly owned subsidiary of Centaurus Metals Ltd and which holds 100% ownership of the Project assets.

Contractors

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Deposit type

  • Hydrothermal
  • IOCG
  • Breccia pipe / Stockwork
  • Vein / narrow vein

Summary:

Mining production will come from two main areas, the Jaguar Pit and the Onça Preta Pit.

Jaguar Nickel Sulphide is a hydrothermal nickel sulphide deposit.

The Jaguar Project is located in the world-class Carajás Mineral Province, which contains one of the world’s largest known concentrations of large tonnage IOCG deposits.

The Project is located at the intersection of the WSW-trending Canaã Fault and the ENE-trending McCandless Fault, immediately south of the NeoArchean Puma Layered Mafic-Ultramafic Complex, which is the host to the Puma Lateritic Nickel deposit.

The Jaguar mineralisation is hosted within sheared Sub-Volcanic Dacitic Porphyries of the Serra Arqueada Greenstone belt, adjacent to the boundary of a tonalite intrusive into the Xingu basement gneiss, while Onça Preta and Onça Rosa are tabular mineralised bodies hosted within the tonalite. The hydrothermal alteration and mineralisation form sub-vertical to vertical bodies which are structurally controlled by the regional ductile-brittle mylonitic shear zone. The hydrothermal alteration appears to be synchronous with, or post-date, deformation.

Two types of nickel sulphide mineralisation occur in the Jaguar deposit. Sulphide assemblages are similar in both mineralisation types, differing only in modal sulphide composition and structure. The mean sulphide assemblage, in order of abundance, is pyrite, pentlandite, millerite, violarite, pyrrhotite and sphalerite with trace vaesite, nickeliferous pyrite and chalcopyrite.

The most abundant type of mineralisation constitutes low-grade nickel mineralisation, occurring within veins concordant with the foliation, that is associated with the biotite-chlorite alteration.

The target high-grade nickel mineralisation is associated with the magnetite-apatite-quartz alteration. It occurs as veins and breccia bodies consisting of irregular fragments of extensively altered host rocks within a sulphide-magnetite-apatite rich matrix.

Mineralised breccias form semi-massive sulphide bodies up to 30m thick parallel to, or crosscutting biotitechlorite rich zones.

Mineralisation at the Jaguar deposits is a combination of both mineralisation types while Onça Preta and Onça Rosa are predominantly of the second type, forming tabular semi-continuous to continuous bodies both along strike and down dip.

Regolith at the deposit is in-situ and comprises a thin soil layer overlying a decomposed saprolite transitional zone. The thickness to the base of the transitional zone generally varies from 5m to 25m (max. 42m). All oxide material is considered as waste and therefore not reported in MRE. The transitional zone has been modelled and makes up 3.9% of the MRE.

Dimensions
Jaguar South (primary mineralisation) covers an area of 1,350m strike length by 400m wide by 700m deep in strike length trending ESE-WNW. Individual domains dip subvertically with widths ranging from a few metres up to 20-30m thick.

Jaguar Central (primary mineralisation) covers an area of 1,000m strike length by 250m wide by 420m deep trending ESE-WNW. Individual domains dip sub-vertically with widths up to 20-30m.

Jaguar North (primary mineralisation) has a strike length of 600m by up to 25m wide by 300m deep, trending SE-NW.

Jaguar Central North (primary mineralisation) covers an area of 720m strike length by 100m wide by 500m deep, trending E-W. Individual domains dip sub-vertically with widths up to 20-30m.

Jaguar Northeast (primary mineralisation) covers an area of 1,300m strike length by 300m wide by 550m deep, trending ESE-WNW. Individual domains dip sub-vertically with widths up to 10-15m.

Jaguar West (primary mineralisation) has a strike length of 850m by up to 80m wide by 350m deep, trending E-W. Individual domains dip sub-vertically with widths up to 10m.

Leão East (primary mineralisation) has a strike length of 275m by up to 10m wide by 130m deep, trending ESE-WNW.

Onça Preta (primary mineralisation) has a strike length of 450m by up to 15m wide by 680m deep, tren-W.

Onça Rosa (primary mineralisation) has a strike length of 650m by up to 10m wide by 400m deep, trending ESE-WNW

Tigre (primary mineralisation) has a strike length of 500m by up to 10m wide by 250m deep, trending ESE-WNW.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Nickel Metal in concentrate kt 19335
Nickel Concentrate kt 1482,727

Operational metrics

Metrics
Annual milling capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes milled, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Total cash costs Nickel USD  ....  Subscribe
All-in sustaining costs (AISC) Nickel USD  ....  Subscribe
C1 cash costs Nickel USD  ....  Subscribe
All-in costs Nickel USD  ....  Subscribe
Assumed price Nickel USD  ....  Subscribe
* According to 2024 study / presentation.

Operating Costs

Currency2024
OP mining costs ($/t mined) USD  ....  Subscribe
OP mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2024 study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 434.6
Transportation (haulage) costs $M USD 436.1
G&A costs $M USD 120.6
Total OpEx $M USD  ......  Subscribe
Total Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 8% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 15, 2024
....................... Subscription required ....................... Subscription required ........... Subscription required Subscription required Jul 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 15, 2024
....................... Subscription required ....................... Subscription required Subscription required Jul 15, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024

Aerial view:

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