Section 1: Company Overview and Fundamental Insights

1.1 Company Overview:

Centaurus Metals Limited (ASX: CTM) is involved in exploration and evaluation of mineral resources in Brazil. The flagship projects of the company are Jaguar Nickel Sulphide Project (located in the western portion of the Carajas Mineral Province of Brazil) and Jambreiro Iron Ore Project (~35 kilometers (km) north of the regional center of Tucuma).

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~46.53% of the total shareholding. McCusker Holdings Pty. Ltd. and Sprott Asset Management LP holds a maximum stake in the company at ~11.80% and ~9.52%, respectively.

1.4 Historical Performance:

1.5 Key Metrics:

Section 2: Business Updates and Financial Highlights

2.1 Second Quarter Ended June 2022 Results (2QFY22 Results):

Section 3: Key Risks & Outlook

3.1 Key Risks and Outlook:

Section 4: Valuation, Stock Recommendation Summary, Technical Table, and Price Chart

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing. 

Note 1:Past performance is not a reliable indicator of future performance. 

Note 2:The reference date for all price data, currency, technical indicators, support, and resistance levels is August 23, 2022. The reference data in this report has been partly sourced from REFINITIV. 

Note 3:Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stockcan be consideredif the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above. 

Technical Indicators Defined:-  

Support:A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.  

Resistance:A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.  

Stop-loss:It is a level to protect further losses in case of unfavourable movement in the stock prices.