CENTAURUS METALS LIMITED — Capital/Financing Update 2022

Aug 31, 2022

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT AND MEDIA RELEASE

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1 September 2022

CENTAURUS APPOINTS ORIMCO TO ADVANCE DEBT FINANCING FOR THE JAGUAR NICKEL SULPHIDE PROJECT

Debt financing process to commence in parallel with completion of the Definitive Feasibility Study

International nickel sulphide developer Centaurus Metals (ASX Code: CTM ) is pleased to announce the appointment of Orimco Pty Ltd to provide independent financial advisory services in relation to the debt financing of its 100%-owned Jaguar Nickel Sulphide Project in Brazil.

Orimco is a leading advisory firm providing services to resource companies and wholesale investors focused on the global mining industry. The Orimco team has extensive experience arranging and managing debt and hedging transactions for both resource companies and financiers. Orimco has provided advisory services to resource companies across a broad range of projects, commodities (including recent nickel experience), and jurisdictions. The team is led by highly experienced mining executives Nick Harch, Brett Gossage and John Fitzgerald.

With the delivery of the Jaguar Definitive Feasibility Study scheduled for the end of Q1 2023, the appointment of Orimco will ensure that the study outcomes and deliverables meet the requirements of debt financiers and support a competitive financing process.

Centaurus’ Managing Director, Mr Darren Gordon, said: “The appointment of Orimco is a significant milestone for the Company as we progress the completion of the Definitive Feasibility Study for the Jaguar Nickel Sulphide Project. We expect that Orimco’s experience and knowledge will lead to a successful financing outcome for Jaguar and we look forward to working with the Orimco team during the next stage of project development.”

For further information on the Company, please visit www.centaurus.com.au to view our latest corporate presentation or contact:

-ENDS-

For further enquiries please contact: Authorised for release by: John Westdorp Darren Gordon CFO & Company Secretary Managing Director Centaurus Metals Ltd Centaurus Metals Ltd T: +61 8 6424 8420 T: +61 8 6424 8420 office@centaurus.com.au office@centaurus.com.au

About Centaurus

Centaurus is developing one of the world’s most significant new green nickel sulphide projects, the 100%-owned Jaguar Nickel Project in the world-class Carajás Mineral Province in Brazil. Underpinned by a globally significant Mineral Resource, Centaurus is completing a Definitive Feasibility Study on the Jaguar Project. The DFS is expected to confirm the robust economics of the Project which will supply the rapidly growing global EV and lithium-ion battery industry.

Australian Office Brazilian Office ASX: CTM Centaurus Metals Limited Centaurus Brasil Mineração Ltda ACN 009 468 099 Level 2, 1 Ord Street Avenida Barão Homem de Melo, 4391 office@centaurus.com.au West Perth WA 6005 Salas 606 e 607 - Estoril T: +61 8 6424 8420 AUSTRALIA CEP: 30.494.275, Belo Horizonte MG BRAZIL