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Centaurus secures full nickel rights at Jaguar
Base metals developer Centaurus Metals has reached an agreement with Vale Base Metals to acquire all of the offtake rights for the nickel products from its Jaguar project, in Brazil, in exchange for an increase in Vale’s net operating royalty over the project.
The offtake rights stem from the 2019 sale and purchase agreement when Centaurus acquired the Jaguar project from Vale.
Centaurus MD Darren Gordon said on Monday that the transaction represented a pivotal moment in the development pathway of the project, giving Centaurus full control and optionality over the sale and marketing of Jaguar’s nickel sulphate product.
“Securing 100% control over the sale of our nickel sulphate product will significantly increase the suite of strategic pathways available to us to fund and de-risk the Jaguar development.”
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- [Editor:邢亚敏]
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