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Centaurus Metals Limited (ASX:CTM)

ALERT: Price-sensitive ASX Announcement for CTM
Current share price for CTM : $0.455 -0.18 (-28.35%)+
Announcement
Release
16 Feb 2026 10:07AM
Price at Release
$0.635
Full Release
download
Summary
Centaurus Metals Limited has reported promising results from its pilot plant test work program on the Jambreiro Iron Ore Project in Brazil, showing that the project can produce a high-quality direct reduction (DR) pellet feed concentrate. The pilot program successfully produced over half a tonne of high-grade DR concentrate with an impressive product specification of 67.8% iron, 1.45% silica, and 0.48% alumina, meeting the criteria for DR quality products. The outcomes of this testwork are expected to aid in ongoing discussions with potential off-takers who are looking for iron products that lower carbon emissions. Additionally, the pilot results have enabled the company to refine the process flowsheet, potentially reducing capital costs and improving the environmental impact of tailings management.
Key Points
  • Centaurus Metals Limited achieved high-grade DR pellet feed concentrate production with 67.8% iron.
  • The Jambreiro project in Brazil has potential for high-quality DR product production across its mine life.
  • Pilot program results will support discussions with potential off-takers focused on reducing carbon emissions.
  • The average phosphorus content in concentrate is low, enhancing its quality for DR processes.
  • Process flowsheet refinements from the pilot program could reduce capital costs.
  • Positive results from tails testing suggest efficient waste management strategies.
  • The pilot work indicates potential for reduced carbon emissions compared to traditional steelmaking methods.
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.