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Centaurus Metals Limited (ASX:CTM)

ALERT: Price-sensitive ASX Announcement for CTM
Current share price for CTM : $0.465 0.07 (17.72%)+
Announcement
Release
28 Nov 2025 9:45AM
Price at Release
$0.395
Full Release
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Summary
Centaurus Metals Limited has announced the recommencement of diamond drilling at the expanded Boi Novo Copper-Gold Project, located in the Carajás Mineral Province of northern Brazil. The project, now covering approximately 75km², integrates the newly acquired Rio Novo tenure. This expansion signifies a substantial regional-scale copper-gold exploration opportunity. The company has outlined plans to conduct electromagnetic geophysics, surface exploration, and systematic soil sampling to better understand the unexplored regions of the project area. Previous drilling at Boi Novo yielded promising results, with significant copper intersections confirming the area's prospectivity. The exploration program will focus on expanding high-grade mineralization at the Nelore West and East Prospects, as well as initiating greenfields exploration at Rio Novo. Centaurus Metals remains financially robust, with ongoing development at both the Boi Novo and Jaguar Nickel Sulphide Projects.
Key Points
  • Drilling has restarted at the expanded Boi Novo Copper-Gold Project.
  • The project now includes the newly acquired Rio Novo tenure.
  • More than 65% of the Rio Novo area remains unexplored.
  • High-grade copper-gold mineralization confirmed at Nelore Prospect.
  • Exploration includes electromagnetic geophysics and surface exploration.
  • The project is located in the Carajás Mineral Province, Brazil.
  • The Company's exploration is concurrent with the Jaguar Nickel Sulphide Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.