Harmanis emerges with stake in Centaurus

22nd May 2020
Resources Rising Stars

Perth rich lister and mining investor Kerry Harmanis has emerged on the share register of Brazilian nickel play Centaurus Metals (reports The West Australian).

An initial substantial shareholder notice lodged with the ASX this morning showed Mr Harmanis had amassed a 5.08 per cent stake in the company by buying parcels of shares on the market since August.

The buying represents a total investment of $2.6m.

Shares in the Darren Gordon-led Centaurus have been trending higher since March after the company announced a share consolidation and that it was pivoting from iron ore to nickel.

Centaurus last month completed the acquisition of the Jaguar nickel sulphide project in Brazil’s Para state from metals giant Vale.

Early drilling by the company at Jaguar has already revealed several shallow, high-grade intercepts.

The project already hosts a non-JORC compliant resource of 315,000 tonnes of contained nickel, based on more than 55,000m of diamond drilling by Vale.

Centaurus is targeting a maiden resource for Jaguar by the middle of the year based on 65,000m of diamond drilling.

Mr Harmanis is famous for pocketing more than $400m in the $3.1b takeover of his nickel miner Jubilee Mines in 2007, right before the global financial crisis struck.

The former lawyer is a keen property and mining investor and is known for his love of surfing and meditation.


Image: Elline.com

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