The Pará exploration package was secured via an agreement with the company’s strategic alliance partner, Terrativa Minerais SA.
Para includes the highly prospective Serra Misteriosa Gold Project, which hosts a continuous 2.5 kilometre long, high‐grade gold in‐soil anomaly within a broader 5 kilometre long gold geochemical anomaly that is up to 500 metres wide.
Serra Misteriosa is located in a world‐class mineral province, just 100 kilometres from the prolific Carajás IOCG region of Brazil and 200 kilometres from the multi‐million ounce gold deposit at Volta Grande.
The Serra Misteriosa geology and geochemistry is strongly analogous to Volta Grande and represents a compelling exploration opportunity.
The Pará exploration package also includes the Salobo West Copper‐Gold Project and the Serra Vermelho Gold Project, both of which offer exciting exploration potential.
A major exploration program will commence at Pará in the near term with drilling to follow in the next 3‐6 months, underpinned by a recently announced $2 million capital raising.
The 3:5 rights issue will look to raise up to $2 million and is underwritten to the value of $1 million.
All Centaurus directors will take up their pro‐rata entitlement in the offer.