Centaurus Metals Limited has reported promising progress at its 100%‐owned Boi Novo Copper-Gold Project in northern Brazil. The company’s latest drilling program has successfully identified a new shallow copper-gold mineralised zone at the Nelore East Prospect, with notable intercepts including 11.5 meters at 2.84% copper and 0.90 grams per tonne gold starting at 91.9 meters, along with additional high‐grade intervals. The mineralisation, dominated by chalcopyrite, exhibits a favorable copper–gold ratio similar to that seen in well-known IOCG deposits in the Carajás region, suggesting significant potential for further expansion along strike and at depth. Drilling at the Nelore West Prospect has confirmed continuity between known high-grade breccia pipes. The program delivered broadly mineralised zones, including a 43.4-meter interval measuring 0.32% copper and 0.07 grams per tonne gold, along with other intervals that underline a structural corridor where mineralisation appears to be controlled by pinch-and-swell geometries. The company’s comprehensive use of geophysical surveys—namely Fixed Loop Electromagnetic (FLEM) and Down-Hole Electromagnetic (DHEM) techniques—has not only guided these drilling results but also identified additional off-hole conductors that indicate the mineralisation extends beyond currently drilled areas. The ongoing integration of all drilling, geophysical, and geochemical datasets is set to improve the geological model ahead of future drilling phases. Plans include deeper drilling beneath a granitic dyke at Nelore West and further testing of extensions to the newly discovered mineralisation at Nelore East. Alongside copper-gold exploration, the Boi Novo project has also intersected significant itabirite iron mineralisation zones, with intervals such as 36.1 meters at 32.48% iron further adding to the project’s resource potential. The project’s attractive location—only 35 kilometers from Vale’s concentrate load-out and under 20 kilometers from a major copper flotation plant—further strengthens its strategic appeal. Bullish sentiment is supported by the discovery of multiple high-grade intercepts, the identification of structurally controlled mineralisation open along strike and at depth, and the strategic project location near key infrastructure. The comprehensive geophysical program and encouraging drill results across multiple targets provide early indicators of a broader and potentially high-value mineral system, thus appealing to investors focused on growth prospects within the resources sector. Bearish sentiment may arise from inherent exploration risks typical of early-stage projects, including the need for further drilling to delineate true widths and resource extents, and the challenges posed by the subtle electromagnetic signature of chalcopyrite mineralisation. Additionally, uncertainties remain until additional metallurgical test results and more refined geological models confirm the economic viability of the mineralisation. Overall, Centaurus Metals Limited’s robust drilling results and methodological approach are encouraging for those with an appetite for exploration-stage investments, though as with any such venture, inherent risks continue to balance the long-term growth potential.