Centaurus Metals’ High-Grade Copper Discovery Redefines Boi Novo’s Potential

Key Highlights

• Drill results show 5.5m at 8.38% Cu at Boi Novo’s Nelore Prospect.
• Exceptional grades signal significant economic potential.
• Ongoing drilling to explore open mineralized zones at depth and strike.

Centaurus Metals Limited (ASX: CTM) is making waves in the mining industry following the announcement of record-breaking drill results at its 100%-owned Boi Novo Copper-Gold Project in Brazil. The company’s recent exploration campaign has uncovered promising high-grade copper intersections that could position the project as a major asset in its portfolio.

Record Copper Grades at Nelore Prospect

The standout result from the 2024 drill campaign was observed in drill-hole BON-DD-24-026, which intersected 5.5 meters at 8.38% copper (Cu) and 0.18 ppm gold (Au), including a remarkable 2 meters grading 22.03% Cu and 0.50 ppm Au. The last hole of the year, BON-DD-24-027, followed up with a broader 35.5-meter intersection grading 0.66% Cu, further underlining the high-grade mineralization at the Nelore Prospect.

In addition to these flagship results, multiple drill holes highlighted broad zones of disseminated copper-gold mineralization, such as:

• 38.5m at 0.26% Cu and 0.05 ppm Au from drill-hole BON-DD-24-021.
• 29.9m at 0.21% Cu and 0.05 ppm Au in BON-DD-24-023.

The company has confirmed that the mineralization at Nelore remains open along strike and down-dip, with the breccia zone currently delineated over a 300-meter strike length.

Strategic Location and Economic Viability

The Boi Novo project is strategically located within the Carajás Mineral Province, just 35 kilometers from Vale’s copper-gold concentrate facility at Parauapebas and less than 20 kilometers from BHP’s Antas Norte copper flotation plant. This proximity to established infrastructure significantly bolsters the project’s logistical and economic appeal.

Centaurus Metals Limited (ASX: CTM) Managing Director Darren Gordon described the latest drill results as a transformative development, “The exceptional grades reinforce the significant potential of this underexplored project. As we continue drilling, Boi Novo could become a cornerstone of our copper-gold portfolio.”

Beyond High-Grade Breccias: A Broader Opportunity

While the high-grade breccias at Nelore dominate headlines, the project also boasts extensive zones of disseminated mineralization, which could represent a complementary economic opportunity. Copper grades of up to 0.41% Cu in broad disseminated zones indicate the presence of substantial mineral resources yet to be fully quantified.

The company is leveraging advanced geophysical techniques, including Down Hole Electro-Magnetic (DHEM) and Fixed Loop Electro-Magnetic (FLEM) surveys, to target deeper and lateral extensions of the mineralized zones.

What’s Next for Boi Novo?

Centaurus Metals Limited (ASX: CTM) plans to restart drilling in the coming weeks, focusing on expanding high-grade zones while investigating the continuity of disseminated mineralization at depth. Additionally, the company is pursuing value engineering and financing activities for its flagship Jaguar Nickel Sulphide Project, ensuring a well-rounded growth strategy.

With robust funding and a well-defined exploration roadmap, Centaurus Metals Limited (ASX: CTM) is well-positioned to capitalize on the economic potential of Boi Novo.

A Promising Future

As copper demand continues to soar amid the global energy transition, high-grade discoveries like Boi Novo place Centaurus Metals Limited (ASX: CTM) at the forefront of the sector. With strong initial results and ongoing exploration, the project could emerge as a key player in meeting future copper supply needs.

Stay tuned for further updates as Centaurus Metals Limited (ASX: CTM) drills deeper into the untapped potential of Brazil’s Carajás Mineral Province.