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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 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.
Watch this video to learn how ANT will help us select drill-ready targets.
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.
