Castile Resources Ltd · ASX:CST
Castile Resources — Investor Presentation (October 2023)
26 slides from Castile Resources's investor presentation, Oct 18, 2023
Slide 1: A New Mine for the New Future
CASTILE RESOURCES LTD A New Mine October 2023 ASX:CST for the New Future OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au 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 PRE-TAX NPV6.5% OTCQB:CLRSF A$451.4M GOLD Shares on Issue 242M COPPER DOWNSTREAM Unlisted Options 16.6M PRECIOUS & CRITICAL COBALT METALS PRODUCED IN Share Price -1 Year Low/High Market Cap $0.0
Slide 4: Rover 1 – Surrounding Infrastructure
ROVER 1 – SURROUNDING INFRASTRUCTURE ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au 4 4 4
Slide 5: Precious & Critical Mineral Downstream Metals Produced on Site
PRECIOUS & CRITICAL MINERAL DOWNSTREAM METALS PRODUCED ON SITE A$225M AVERAGE ANNUAL REVENUE ASX:CST OTCQB:CLRSF Gold Dore 99% Cobalt 13% 33% GOLD COPPER COBALT MAGNETITE castile.com.au 99% Copper 96.4% Magnetite 12% 42% Image Supplied By Epiroc 5
Slide 6: Rover 1 – A Rich, High-Grade IOCG Deposit
ROVER 1 – A RICH, HIGH-GRADE IOCG DEPOSIT ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au Tails Dam 6 6 6
Slide 7: Proposed Mine Design
PROPOSED MINE DESIGN ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au Tails Dam 7 7 7
Slide 8: Simplified Processing Flowsheet
SIMPLIFIED PROCESSING FLOWSHEET ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au Recoveries 67.7% 93.6% 83.3% 95.5% 8
Slide 9: Proposed Processing Plant Layout
PROPOSED PROCESSING PLANT LAYOUT ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au 9
Slide 10: 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 ASX:CST 1.20 1.75 1.17 0.07 20.78 67,800 14,000 800 250,000 Resource* OTCQB:CLRSF Total
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 GOLD NPV6.5% (Pre-tax) $451.5M $302.5M COPPER COBALT IRR(Pre-tax) 45.9% 45.9% MAGNETITE Underlying
Slide 12: Funding the Rover Project - Flexibility
FUNDING THE ROVER 1 PROJECT - FLEXIBILITY Project Development Capital Expenditure $A and Total Revenue By Metal $A and $US in $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 13: Funding the Rover 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 • Critical Minerals Supply Chain Security and Diversification OTCQB:CLRSF • Building Downstream Processing Capacity
Slide 14: Funding the Rover Project Development Schedule
FUNDING THE ROVER 1 PROJECT 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 in preparation for test pilot plant. ASX:CST OTCQB:CLRSF • Finalisation of data required for the E
Slide 15: Copper: Where's the Love?
COPPER : WHERE’S THE LOVE? ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE 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:/
Slide 16: Critical Minerals Trade Mission to India
CRITICAL MINERALS TRADE MISSION TO INDIA Castile has been selected to attend the Australian Trade and Investment Commission (“Austrade”) Business Delegation of Australian Critical Minerals Producers and Developers to India. The specific purpose of the Critical Minerals Business Delegation to India i
Slide 17: Traditional Owners and Central Land Council
TRADITIONAL OWNERS AND CENTRAL LAND COUNCIL The tenements containing the Rover 1 Project are located Castile is committed on Aboriginal Freehold Lands administered by the Central to maintaining strong Land Council (CLC) on behalf of the Traditional Owners of Territory and local the Karlantijpa North
Slide 18: Explorer 108: The Next Asset for the Infrastructure
EXPLORER 108 :THE NEXT ASSET FOR THE INFRASTRUCTURE ASX:CST OTCQB:CLRSF GOLD COPPER COBALT PF35 MAGNETITE $85,000 NT Govt Co-Funding castile.com.au Grant to drill at Pathfinder 35 $77,000 NT Govt Co-Funding Grant for Seismic Survey 1* Explorer 108 Indicated Resource of 8.438Mt @ 3.41% Zn, 2.05% Pb,
Slide 19: Scoping Study at Explorer 108 Lead/Zinc Deposit
SCOPING STUDY AT EXPLORER 108 LEAD/ZINC DEPOSIT ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE 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 infrastructu
Slide 20: Castile Granted Two Tenements in WA Prospective for Lithium and REE
CASTILE GRANTED TWO TENEMENTS IN WA PROSPECTIVE FOR LITHIUM AND RARE EARTH ELEMENTS ASX:CST OTCQB:CLRSF Fortescue Metals Castile GOLD Group (FMG) Resources COPPER Milgun Project COBALT MAGNETITE Castile castile.com.au Resources The Castile Resources Milgun Project comprises of tenements E52/4206 and
Slide 21: 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 GOLD COPPER COBALT E52/4235 M
Slide 22: Critical Mineral Targets with Niobium Prevalent
CRITICAL MINERAL TARGETS WITH NIOBIUM PREVALENT Niobium Targets ASX:CST OTCQB:CLRSF GOLD COPPER COBALT E52/4235 MAGNETITE 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
Slide 23: Targets Extend Beyond Current Sampling Data
TARGETS EXTEND BEYOND CURRENT SAMPLING DATA E52/4235 ASX:CST OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au 23
Slide 24: 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 BY-PRODUCTS GOLD COPPER • ADVANCED DISCUSSIONS UNDERWAY WITH DEBT PROVIDERS AND CUSTOMERS FOR FINANCING COBALT M
Slide 25: Mark Hepburn, Managing Director
Mark Hepburn Managing Director ASX:CST Castile Resources Limited OTCQB:CLRSF GOLD COPPER COBALT MAGNETITE castile.com.au www.castile.com.au info@castile.com.au Image Supplied By Epiroc 25 Image Supplied By Epiroc
Slide 26: 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 ASX:CST OTCQB:CLRSF Inferred 1.61 1.57 1.25 0.07 22.13 81,400 20,100 1,100 357,000 GOLD Total 5.58 1.76 1.49 0.07 23.2
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