Australian miner Centaurus Metals has forecasted a nickel production capacity of 275,600mt at its Jaguar project in Brazil.
Centaurus reported on Monday that the project’s scoping study was based on a conventional nickel floatation circuit of 2.7mn mt per year with a base case price assumption of $7.50/lb.
Darren Gordon, managing director, noted on Mar 29, that the company plans to make the Jaguar project capable of delivering approximately 20,000mt of Class 1 nickel sulphides globally per year. He added that the mine will begin production in the second half of 2024.
The Jaguar mine’s estimated supply of the metal is 10 years, and the company has forecasted an investment of $178mn to set up the project.