Why the Centaurus Metals (ASX:CTM) share price is up 17% in a week

The ore resources explorer extends its run into the green today

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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.

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.

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