Centaurus quickly advancing Brazil nickel project
The company acquired the Jaguar project, in Brazil's Carajas region, from Vale late last year, though the transaction only closed last month.
Jaguar had a historical foreign resource estimate of 315 million tonnes of contained nickel at 0.78% nickel.
Vale was chasing a large bulk mining operation and the size didn't quite meet its criteria.
Centaurus has been targeting shallow, high-grade mineralisation, with recent results including 14.9m at 2.94% nickel from 56.8m; 4.7m at 2.26% nickel from 49.6m; and 6.4m at 1.34% nickel from 93m.