(Reuters) - Australia's Centaurus Metals Ltd <CTM.AX> on Tuesday said it had reached an agreement to acquire a large-scale nickel sulphide project from Vale SA <VALE3.SA> in northern Brazil.
The deal which comprises of an upfront cash payment of $250,000, also includes the transfer of the Salobo West Copper-Gold Project tenements to Brazil's Vale.
Vale, the world's largest iron ore exporter, will also have the right to purchase 100% of production from the Jaguar Nickel Sulphide Project under a future offtake agreement, the company said in a statement.
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Stephen Coates)
