Gold and Copper within the richest goldfields in Australia’s mining history
Castile Resources Limited demerged the Northern Territory assets of Westgold Resources (ASX:WGX) and listed on the Australian Stock Exchange on February 14, 2020. Castile is now the 100% owner of the Rover Mineral Field approximately 80kms south west of Tennant Creek and the Warumpi Project located in the West Arunta of the Northern Territory. The most advanced project in the Castile Resources portfolio is Rover 1 which is a high grade Iron Oxide Copper Gold (IOCG) deposit in the style of mineralisation typical of the nearby Tennant Creek Goldfields which were known as some of the richest high grade goldfields in Australian mining history. A total of A$20m in gross proceeds were raised for the IPO which will be used to complete a Pre-Feasibility Study on the Rover 1 Deposit (which began in March 2020) and high impact exploration and resource definition drilling programs.
The video shows the underground view of some of the work being done for the Rover 1 Pre-Feasibility Study. It displays the current mining plan, previously announced high grade drilling results and the areas targeted for exploration drilling to expand the size of the project