Centaurus Metals Limited (ASX: CTM) announced that it had received highly encouraging preliminary results from the pilot plant test work program currently underway at ALS Metallurgy in Perth, reinforcing the Jaguar Project's quality and supporting its potential to achieve excellent nickel recoveries and eventually delivering a battery-grade nickel sulphate product for the rapidly growing Electric Vehicle (EV) market.
Even with these great findings, the pilot test work program will be extended until the end of April due to the delayed start, causing a delay in the key process flow sheet design for the refinery circuit. As a result, the completion date for the Definitive Feasibility Study (DFS) has been pushed back to late 4QFY23, with a Final Investment Decision (FID) set for 3QFY24.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.