Castile Resources Ltd · ASX:CST
Castile Resources — Investor Presentation (June 2023)
25 slides from Castile Resources's investor presentation, Jun 15, 2023
Slide 1: Castile Resources: A New Mine for the New Future
CASTILE RESOURCES LTD A New Mine JUNE 2023 ASX:CST for the New Future OTCQB:CLRSF JUNE 2023 castile.com.au MARK HEPBURN MANAGING DIRECTOR, CASTILE RESOURCES Image Supplied By Epiroc 1 Image Supplied By Epiroc
Slide 2: Competent Person Statement and General Disclaimer
COMPETENT PERSON STATEMENT The information contained in this report relating to Exploration Results, Minerals Resources and Ore Reserves has been previously reported by the Company as referenced in this presentation (Announcements). The Company confirms that it is not aware of any new information or
Slide 3: Rover 1 Pre-Feasibility Study Outcomes
ROVER 1 PRE-FEASIBILITY STUDY OUTCOMES A High Grade Iron Oxide Copper Gold (IOCG) Project ROVER 1 ASX:CST OTCQB:CLRSF PRE-TAX NPV6.5% A$451.4M Shares on Issue 242M DOWNSTREAM Unlisted Options 16.6M PRECIOUS & CRITICAL Share Price -1 Year Low/High $0.09/$0.18 METALS PRODUCED IN Market Cap A$24.2M AUS
Slide 4: Rover 1 – Surrounding Infrastructure
ROVER 1 – SURROUNDING INFRASTRUCTURE ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au 4 4 4
Slide 5: Precious & Critical Mineral Downstream Products Produced on Site
PRECIOUS & CRITICAL MINERAL DOWNSTREAM PRODUCTS PRODUCED ON SITE A$225M AVERAGE ANNUAL REVENUE ASX:CST OTCQB:CLRSF Gold Dore 99% Cobalt 13% 33% JUNE 2023 castile.com.au 99% Copper 96.4% Magnetite 12% 42% Image Supplied By Epiroc 5
Slide 6: Copper: Where's the Love?
COPPER : WHERE’S THE LOVE? ASX:CST OTCQB:CLRSF JUNE 2023 According to Glencore’s estimates, under the 2050 net-zero emissions pathway of the International Energy Agency (IEA), the castile.com.au world will be more than 50 million tons short of copper between 2022 and 2030. https://www.bloomberg.com/
Slide 7: Rover 1 – A Rich, High-Grade IOCG Deposit
ROVER 1 – A RICH, HIGH-GRADE IOCG DEPOSIT ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au Tails Dam 7 7 7
Slide 8: Proposed Mine Design
PROPOSED MINE DESIGN ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au Tails Dam 8 8 8
Slide 9: Simplified Processing Flowsheet
SIMPLIFIED PROCESSING FLOWSHEET ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au Recoveries 67.7% 93.6% 83.3% 95.5% 9
Slide 10: Proposed Processing Plant Layout
PROPOSED PROCESSING PLANT LAYOUT ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au 10
Slide 11: Key Operating and Financial Highlights
KEY OPERATING AND FINANCIAL HIGHLIGHTS Project Economics PFS $A PFS $US Total Revenue $1,943.6M $1,302.2M ASX:CST Project Operating Costs $827.7M $554.6M OTCQB:CLRSF Project Cash Flow $1,115.9M $747.6M NPV6.5% (Pre-tax) $451.5M $302.5M IRR(Pre-tax) 45.9% 45.9% Underlying Mine Profit $686.4M $460.0M
Slide 12: Total Material Extracted & Processed in the PFS
TOTAL MATERIAL EXTRACTED & PROCESSED IN THE PFS*1 Tonnes Au Cu Co Fe3O4 Au Cu Co Fe3O4 (Mt) (g/t) (%) (%) (%) (oz) (t) (t) (t) Probable 3.11 2.02 1.52 0.07 22.92 201,800 47,400 2,200 713,300 Ore Reserve ASX:CST Inferred 1.20 1.75 1.17 0.07 20.78 67,800 14,000 800 250,000 Resource* OTCQB:CLRSF Total
Slide 13: Funding the Rover 1 Project - Flexibility
FUNDING THE ROVER 1 PROJECT - FLEXIBILITY Project Development Capital Expenditure $A Total Revenue By Metal $A and $US in and $US in $Million (FX: A$1 = US$0.67) $Millions Mine Infrastructure A$25.8 (US$17.3) A$819.7 Copper ASX:CST Process Plant A$160.7 (US$107.7) Text box showing (US$549.1) OTCQB:C
Slide 14: Funding the Rover 1 Project
FUNDING THE ROVER 1 PROJECT The Australian Federal Government has announced debt funding and financial grants programs for Critical Minerals Project with a strategic focus on: ASX:CST OTCQB:CLRSF • Critical Minerals Supply Chain Security and Diversification • Building Downstream Processing Capacity
Slide 15: Proceeding to Bankable Feasibility Study
PROCEEDING TO BANKABLE FEASIBILITY STUDY Castile has now progressed the Rover 1 project into a Bankable Feasibility Study (BFS) with expected completion in early 2024. This includes: • ASX:CST Final metallurgical test work stage, including the construction and operation of a test OTCQB:CLRSF pilot p
Slide 16: Traditional Owners and Central Land Council
TRADITIONAL OWNERS AND CENTRAL LAND COUNCIL Castile is committed The tenements containing the Rover 1 Project are located to maintaining on Aboriginal Freehold Lands administered by the Central strong Territory and Land Council (CLC) on behalf of the Traditional Owners of local government the Karlan
Slide 17: Explorer 108: The Next Asset for the Infrastructure
EXPLORER 108 : THE NEXT ASSET FOR THE INFRASTRUCTURE ASX:CST OTCQB:CLRSF PF35 JUNE 2023 castile.com.au Castile secures $85,000 NT Govt Co-Funding Grant to drill at Pathfinder 35 1* Explorer 108 Indicated Resource of 8.438Mt @ 3.41% Zn, 2.05% Pb, 14.32g/t Ag; and Inferred Resource of 3.43Mt @ 2.81% Z
Slide 18: Scoping Study at Explorer 108 Lead/Zinc Deposit
SCOPING STUDY AT EXPLORER 108 LEAD/ZINC DEPOSIT ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au Hole NR108D026 - 46m @ 5.9% Zn and 5.2% Pb Existing Lead/Zinc Mineralisation at Explorer 108 a Hole NR108D016 - 5m @ 17.7% Zn and 7.0% Pb potential feed source for the Rover 1 infrastructure The Scoping Stud
Slide 19: Castile Granted Two Tenements in WA Prospective for Lithium and Rare Earths
CASTILE GRANTED TWO TENEMENTS IN WA PROSPECTIVE FOR LITHIUM AND RARE EARTH ELEMENTS ASX:CST OTCQB:CLRSF Fortescue Metals Castile Group (FMG) Resources Milgun Project JUNE 2023 castile.com.au Castile Resources The Castile Resources Milgun Project comprises of tenements E52/4206 and E52/4235 19
Slide 20: Review of Public Data Defines Lithium and REE Targets
REVIEW OF PUBLIC DATA DEFINES LITHIUM AND REE TARGETS PREVIOUS HOLDERS COMPLETED OVER 9,000 SOIL GEOCHEMISTRY SAMPLES AT TENEMENT E52/4235 TESTING FOR 53 DIFFERENT METALS CASTILE TO COMMENCE GROUNDWORK ONCE HERITAGE AGREEMENT ACTIONED Lithium Targets ASX:CST OTCQB:CLRSF E52/4235 JUNE 2023 castile.co
Slide 21: Critical Mineral Targets with Niobium Prevalent
CRITICAL MINERAL TARGETS WITH NIOBIUM PREVALENT Niobium Targets ASX:CST OTCQB:CLRSF E52/4235 JUNE 2023 castile.com.au Castile data analysis defines coherent 800m x 175m Niobium-Yttrium-Thorium (Nb-Y-Th) anomaly with associated low order Beryllium-Tin (Be-Sn) anomaly that magnetics suggests continues
Slide 22: Targets Extend Beyond Current Sampling Data
TARGETS EXTEND BEYOND CURRENT SAMPLING DATA E52/4235 ASX:CST OTCQB:CLRSF JUNE 2023 castile.com.au 22
Slide 23: Castile Resources
CASTILE RESOURCES • DEVELOPING THE ROVER 1 MINE TO PRODUCE DOWNSTREAM CRITICAL AND PRECIOUS MINERALS ASX:CST OTCQB:CLRSF • LEVERAGE TO KEY METALS GOLD AND COPPER WITH COBALT AND MAGNETITE • DISCUSSIONS WITH DEBT PROVIDERS AND CUSTOMERS FOR OFFTAKE FINANCING • STRONG SUPPORT FROM STATE AND FEDERAL GO
Slide 24: Mark Hepburn, Managing Director
Mark Hepburn Managing Director ASX:CST Castile Resources Limited OTCQB:CLRSF JUNE 2023 castile.com.au www.castile.com.au info@castile.com.au Image Supplied By Epiroc 24 Image Supplied By Epiroc
Slide 25: Rover 1 Mineral Resource Estimate and Ore Reserve
ROVER 1 MINERAL RESOURCE ESTIMATE Tonnes Au Cu Co Fe3O4 Au Cu Co Fe3O4 Class (Mt) (g/t) (%) (%) (%) (oz) (t) (t) (t) Indicated 3.97 1.83 1.59 0.07 23.64 233,800 63,100 2,900 938,000 ASX:CST OTCQB:CLRSF Inferred 1.61 1.57 1.25 0.07 22.13 81,400 20,100 1,100 357,000 Total 5.58 1.76 1.49 0.07 23.20 315
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