Castile Resources Ltd · ASX:CST
Castile Resources — PDAC Convention 2023
21 slides from Castile Resources's conference presentation, Mar 6, 2023
Slide 1: A New Mine for the New Future
CASTILE RESOURCES LTD A New Mine PDAC CONVENTION 2023 for the New Future PDAC CONVENTION MARK HEPBURN MARCH 2023 MANAGING DIRECTOR, CASTILE RESOURCES Image Supplied By Epiroc castile.com.au 1 Image Supplied By Epiroc
Slide 2: Competent Persons Statements
COMPETENT PERSONS STATEMENTS The information in this report that relates to Exploration Results and Mineral Resources and Exploration Data is based on, and fairly and accurately represents, information and supporting documentation compiled by Mr. Jake Russell B.Sc. (Hons) MAIG and Mr Mark Savage who
Slide 3: Rover 1 Pre-Feasibility Study Outcomes
ROVER 1 PRE-FEASIBILITY STUDY OUTCOMES A Robust Iron Oxide Copper Gold Project (IOCG) ROVER 1 PRE-TAX NPV6.5% A$451.4M DOWNSTREAM PRECIOUS & CRITICAL METALS PRODUCED IN AUSTRALIA SUSTAINABLE Shares on Issue 242M PDAC DEVELOPMENT FOR Unlisted Options 16.6M THE DECARBONISED Share Price (3rd March 2023
Slide 4: Rover 1 – Surrounding Infrastructure
ROVER 1 – SURROUNDING INFRASTRUCTURE PDAC CONVENTION MARCH 2023 4 castile.com.au 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 33% Gold Dore 99% Cobalt 13% PDAC 99% Copper 96.4% Magnetite 12% 42% CONVENTION MARCH 2023 Image Supplied By Epiroc castile.com.au 5
Slide 6: Commodity Price Assumptions Used in the Rover PFS
Commodity Price Assumptions Used in the Rover 1 PFS Copper $US4.25/lb Gold $US1,770/oz Cobalt price $US60,000/t 96.5% Magnetite $US234.50/t Exchange rate of $US:$AUD of $0.67 The Rover 1 Preliminary Feasibility Study Team • Study Compilation Castile • Geology and Resource Estimation Castile and Cube
Slide 7: Rover 1 – A Rich, High-Grade IOCG Deposit
ROVER 1 – A RICH, HIGH-GRADE IOCG DEPOSIT PDAC CONVENTION Tails Dam MARCH 2023 7 castile.com.au 7 7
Slide 8: Proposed Mine Design
PROPOSED MINE DESIGN PDAC CONVENTION Tails Dam MARCH 2023 8 castile.com.au 8 8
Slide 9: 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 Inferred Mineral 1.20 1.75 1.17 0.07 20.78 67,800 14,000 800 250,000 Resource* Total 4.31 1.94 1.
Slide 10: Simplified Processing Flowsheet
SIMPLIFIED PROCESSING FLOWSHEET PDAC CONVENTION MARCH 2023 Recoveries 67.7% 93.6% 83.3% 95.5% castile.com.au 10
Slide 11: Proposed Processing Plant Layout
PROPOSED PROCESSING PLANT LAYOUT PDAC CONVENTION MARCH 2023 castile.com.au 11
Slide 12: Key Operating and Financial Highlights
KEY OPERATING AND FINANCIAL HIGHLIGHTS Project Economics PFS $A PFS $US Total Revenue $1,943.6M $1,302.2M Project Operating Costs $827.7M $554.6M 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 Average Annual Reven
Slide 13: Funding the Rover 1 Project - Prepayments
FUNDING THE ROVER 1 PROJECT - PREPAYMENTS Project Development Capital Expenditure $A Total Revenue By Metal $A Mine Infrastructure $25.8M Copper $819.7M Process Plant $160.7M Text box showing Gold each metal revenue $666.7M Surface Infrastructure $29.7M and equivalents Cobalt $229.0M Sub-Total $216.
Slide 14: Funding the Rover 1 Project – Debt Funding
FUNDING THE ROVER 1 PROJECT – DEBT FUNDING The Australian Federal Government has announced debt funding and financial grants programs for Critical Minerals Project with a strategic focus on: • Critical Minerals Supply Chain Security and Diversification • Building Downstream Processing Capacity in Au
Slide 15: Copper: Where's the Love?
COPPER: WHERE’S THE LOVE? PDAC According to Glencore’s estimates, under the net-zero emissions pathway of the International Energy Agency (IEA), the world will be more than 50 million tons short of copper between 2022 and 2030. CONVENTION https://www.bloomberg.com/news/articles/2022-12-06/glencore-s
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: The Next Asset for the Infrastructure
THE NEXT ASSET FOR THE INFRASTRUCTURE Explorer 108: 11.8Mt @ 3.2% Zn, 2.00% Pb & 5.7Mt 2 0.36% Cu Located an easily transportable 40 kms away from Rover 1 PDAC CONVENTION MARCH 2023 castile.com.au 1* Explorer 108 Indicated Resource of 8.438Mt @ 3.41% Zn, 2.05% Pb, 14.32g/t Ag; and Inferred Resource
Slide 18: 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: • Final metallurgical test work stage, including the construction and operation of a test pilot plant. • Finalisation
Slide 19: Castile Resources
CASTILE RESOURCES • DEVELOPING THE ROVER 1 MINE TO PRODUCE DOWNSTREAM CRITICAL AND PRECIOUS MINERALS • COPPER, GOLD, COBALT AND MAGNETITE WITH STRONG LEVERAGE TO KEY CRITICAL METAL – COPPER • LOOKING TO PARTNER WITH END USER CUSTOMERS AND CONSULTING WITH DEBT PROVIDERS PDAC • LARGE ZINC/LEAD DEPOSIT
Slide 20: Mark Hepburn, MD, Castile Resources Limited
Mark Hepburn, MD, Castile Resources Limited Minerals Australia Booth 416 Hall E PDAC CONVENTION www.castile.com.au MARCH 2023 info@castile.com.au Image Supplied By Epiroc castile.com.au 20 Image Supplied By Epiroc
Slide 21: Rover Mineral Resource Estimate
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 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 23.20 315,200 83,200 4,000 1,