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The Rover 1 PFS models an underground mine build with a modern 500,000tpa processing plant focused on the production of gold, copper, cobalt and magnetite downstream products delivering strong economic outcomes with an initial project life of 8 years.
Financial Highlights include:
• A Pre-Tax NPV6.5% of $451.7 million with an IRR of 46%.
• Total Revenues of A$1.94 billion.
• Pre-tax cash flow of A$1.02 billion.
• An Undiscounted Pre-tax Net Cash Flow of A$686 million.
• Capital cost estimate of A$279.5 million (Including Processing Plant A$160.7M)
Watch the video to see the outstanding results from the 2022 Rover 1 PFS including the proposed mining and processing designs
The Rover 1 PFS models an underground mine build with a modern 500,000tpa processing plant focused on the production of gold, copper, cobalt and magnetite downstream products delivering strong economic outcomes with an initial project life of 8 years.
VIEW THE ROVER PROJECTExplorer 108 has defined a lead-zinc discovery with a polymetallic resource of approximately 12Mt @ 3.24% Zn, 2.00% Pb and 11.1/t Ag. Castile is considering high grading the lead zinc resource as a potential future feed source for the proposed Rover 1 Infrastructure.
VIEW THE WARUMPI PROJECTExplorer 142 has a defined Inferred copper resource of 176kt @ 5.21% Cu and shares similar geological characteristics with Rover 1.
Rover 4 is located 2kms from the Rover 1 Project. A maiden Mineral Resource Estimate (MRE) was announced in November 2022 providing optionality for further copper and gold inventory for the proposed Rover 1 infrastructure.
Castile attended the Australian Government’s 2024 Critical Minerals Delegation to India, where downstream critical minerals Australian companies met with large Indian conglomerates and end users of critical minerals, as part of an Australian India Business Exchange (AIBX) initiative to boost trade and investment between India and Australia.
The Rover 1 Project is poised to produce a range of downstream critical and precious minerals, including gold doré, 99% copper, 99% cobalt, and high-grade 96.5% magnetite. The Pre-Feasibility Study (PFS), completed on 5 December 2022, models an efficient underground mining operation with a modern 500,000 tonnes per annum (tpa) processing plant, specifically designed to produce high-value gold, copper, cobalt, and magnetite products.
