Centaurus Metals has announced a substantial increase in the JORC-compliant resource for its wholly-owned Passabem iron ore project in south-east Brazil to 39m tonnes grading 31.0pc Fe. The new Indicated and Inferred Resource represents a 15-fold increase on the previously reported inferred resource of 2.6Mt grading 31.3pc Fe and follows the recent completion of a successful resource expansion drilling program that has extended the mineralisation over a strike length of 5km.