Centaurus Metals Limited has advanced key milestones across its Brazilian projects aimed at underpinning a clean energy future. The Jaguar Nickel Sulphide Project, located in the world‐class Carajás Mineral Province of northern Brazil, received a major boost with the issuance of an Installation Licence by the Pará State Environmental Agency. This licence permits construction of the project’s nickel concentration plant and associated infrastructure and is valid until March 2029. The project is progressing rapidly with its Value Engineering Process now demonstrating that a high‐grade nickel concentrate—produced in pilot testing with a remarkable grade of 34% nickel—can be achieved. The revised flowsheet design reduces concentrate tonnage by nearly 64% compared to earlier plans and significantly cuts down on impurities, a change expected to improve economic returns and appeal to off‐takers in the global electric vehicle battery supply chain. The company also provided an update on its Boi Novo Copper-Gold Project in Brazil. Recent drilling results have confirmed the continuity of high-grade copper mineralisation, including an impressive intersection from drill-hole BON-DD-24-0263 that returned 5.5 meters at 8.38% copper, with a peak zone reaching over 22% copper. These promising results reinforce the project’s potential as part of Centaurus’s broader strategy in critical minerals exploration across Brazil. In addition, Centaurus Metals Limited’s Jambreiro Direct Reduction Pellet Feed Iron Ore Project has been awarded priority status by the State Government of Minas Gerais. This recognition, driven by the project’s potential social and economic benefits, could expedite permitting and development procedures. The project, which is capable of producing a high-grade, low-impurity iron ore product meeting stringent quality thresholds, is increasingly relevant amid rising demand for low-carbon, high-grade inputs in the steel sector. From a corporate perspective, the company reported cash reserves of A$13.4 million as of the end of March 2025, supporting its ongoing exploration, engineering, and strategic partnering efforts. Centaurus is actively engaging with financial advisers and potential partners as it continues to refine its project plans, optimize mining operations, and update its capital cost estimates following recent advances in both process and mine design. The outlook from the news presents both bullish and bearish elements. On the bullish side, the approval of key environmental permits, the strategic refinement of the Jaguar Project leading to higher-grade concentrate production, and priority status for the Jambreiro project all signal forward momentum and improved project economics. These developments could enhance the company’s value proposition, particularly in the growing market for low-emission nickel and decarbonized steel production. On the bearish side, the projects are still in advanced exploration and pre-production phases, with final investment decisions pending and further approvals required. Additionally, the reliance on securing appropriate funding and potential delays in attaining full-scale production remain as risks that could temper near-term shareholder enthusiasm. Overall, Centaurus Metals Limited’s recent activities underscore its commitment to developing high-quality, strategically positioned assets in Brazil that may contribute significantly to the clean energy and low-carbon industrial sectors in the coming years.