Centaurus Metals LimitedASX: CTM

Discovery of Broad Scandium Zones at Itapitanga

· Issued by Centaurus Metals Limited

Filed with ASX · · 13 pages · English

Summary by 6ix AI

Centaurus Metals Limited has announced the discovery of extensive scandium mineralisation at the Itapitanga Nickel-Cobalt Project in Brazil, enhancing its high-grade nickel-cobalt discovery. The updated Exploration Target now includes scandium as a valuable by-product, with significant intersections reported from recent drilling. Metallurgical testwork indicates that both nickel and scandium can be effectively extracted, suggesting strong potential for future development. The company is optimistic about the economic viability of scandium, given its high market price and the successful recovery rates demonstrated in tests.

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