The Centaurus Metals Limited (ASX: CTM) share price has delivered outsized returns over the previous week.
In addition, whereas the S&P/ASX 200 Index (ASX: XJO) has posted a return of 2.66% over the last month, Centaurus shares have climbed 29.5% into the green over this time.
Let's zoom in on what's behind the rise of the Centaurus Metals share price over the last week.
Image source: Getty Images
Jaguar Nickel Sulphide project to be class-leading
Centaurus announced on 2 August that its Jaguar Nickel Sulphide mine in Brazil was potentially "one of the world's foremost nickel projects in terms of its carbon footprint".
A Centaurus commissioned study by a "specialist metals and mining ESG research company" designated that label for the company.
As a result, Centaurus believes it is in a prime position to drive investment from "leading ESG-focused investors and institutions".
In addition, the study results confirm the Jaguar project's status as a "class leading" site that can process a "nickel sulphate product on site".
The Jaguar site also has other "unique attributes" that fold into its low-emissions designation, thereby reducing its carbon footprint. For instance, it is "largely" powered by renewable energy.
Moreover, Jaguar produces E1 emissions at "4.69 tonnes of CO2/tonne of nickel equivalent". This comes in at a lower rate than "97% of existing global nickel production", as per the company.
The Centaurus Metals share price has climbed 9.2% into the green since the open on 2 August, also setting a 52-week high.
Centaurus shares are now exchanging hands at $1.01 apiece, a 1.5% gain on the day.
Centaurus Metals share price snapshot
The Centaurus Metals share price has posted a year to date gain of 23%, extending the previous 12 month's return of 104%.
These results have outpaced the broad index's climb of around 26% over the past year.
At the time of writing, Centaurus has a market capitalisation of $356 million.
