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Following the completion of a successful Pre-Feasibility Study in 2022, Castile Resources is now completing a Bankable Feasibility Study for construction and development of the Rover 1 Project that will produce downstream critical and strategic end user metals in Australia, with an initial project life of 8-years.
PFS (2022) Financial Highlights:
• 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 PROJECTCastile successfully completed a proof-of-concept passive seismic survey over Rover 1 using the latest Ambient Noise Tomography (ANT) modelling algorithms. The test was conducted over the Jupiter Ironstone which hosts part of the Rover 1 deposit, and proved successful in showing that the ANT survey can accurately discriminate ironstone bodies at depth.
READ MOREExplorer 108 is located 35kms to the west of Rover 1 and drilling to date has defined a lead-zinc discovery with an initial polymetallic resource of 11.8Mt @ 3.24% Zn, 2.00% Pb and 11.1/t Ag. In addition, a separate Indicated resource of 5.7Mt of 0.36% Cu as a blanket has been defined.
VIEW EXPLORER 108Explorer 142 is a IOCG deposit type, similar to other Tennant Creek Style Cu-Au deposits. The deposit is estimated to contain an Inferred Mineral Resource of 170kt at 0.21 g/t Au and 5.2% Cu for 1.2koz gold and 9.2kt copper. This figure was reported above a lower cut-off of 2.5% Cu.
VIEW EXPLORER 142
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.
