CASTILE RESOURCES Rover 1 and regional exploration
Investor Pack
→ Rover Project
The Rover 1 Project is poised to produce gold doré, 99% copper, 99% cobalt and high-grade 96.5% magnetite from a single underground operation. The 2022 PFS models a 500,000 tpa processing plant; the Bankable Feasibility Study is underway.
Headline numbers
2022 PFS headline outcome
Initial eight-year mine plan model
Modeled in the published PFS
Gold, copper, cobalt, magnetite
Location
The Rover Project sits near the Tennant Creek commercial airport, the Adelaide-Darwin railway, the Stuart Highway and the Amadeus natural gas pipeline. That infrastructure advantage remains central to the development case at Rover 1.
Opportunity
The main mineralisation style is IOCG, a deposit type known to host large-scale economic copper and gold mineralisation such as Olympic Dam in South Australia and Candelaria in Chile.
The Rover Mineral Field is interpreted as a southern repeat of the Tennant Creek Mineral Field, which has historically produced ~157 t Au, ~345,000 t Cu, ~14,000 t Bi, ~220 t Se and ~56 t Ag from 130 mines.
Mineral resources
Rover 1 carries a JORC 2012 Mineral Resource of 6.9 Mt at 1.74 g/t Au, 2.07 g/t Ag, 1.2% Cu, 0.14% Bi and 0.06% Co for 386 koz gold, 459 koz silver, 83 kt copper, 9.4 kt bismuth and 4.1 kt cobalt inclusive of indicated and inferred material.
Explorer 108 and Explorer 142 add separate defined resources that broaden the project from a single deposit into a wider mineral field opportunity.
Exploration
The project area is underexplored outside the current resources. Because the entire area sits beneath cover, Castile uses high-resolution geophysics and Ambient Noise Tomography to define drill targets with more confidence.
Deposit pathways
The IOCG deposit that anchors the project. Five revenue streams, 2022 PFS economics, BFS underway. Project video is embedded on the page.
Open page Explorer 108 + 142Two defined resources beyond Rover 1 — polymetallic Zn-Pb-Ag with a copper blanket at Explorer 108, and a compact high-grade Cu-Au IOCG at Explorer 142.
Open page