Castile Resources Ltd · ASX:CST
Castile Resources — RIU Sydney Resources Roundup 2023
22 slides from Castile Resources's conference presentation, May 9, 2023
Slide 1: A New Mine for the New Future
CASTILE RESOURCES LTD A New Mine RIU SYDNEY 2023 for the New Future RIU CONFERENCE SYDNEY MARK HEPBURN MAY 2023 castile.com.au 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 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 RIU DEVELOPMENT FOR Unlisted Options 16.6M CONFERENCE THE DECARBONISED Share Price (3rd
Slide 4: Rover 1 – Surrounding Infrastructure
ROVER 1 – SURROUNDING INFRASTRUCTURE RIU CONFERENCE SYDNEY MAY 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% RIU 99% Copper 96.4% Magnetite 12% CONFERENCE 42% SYDNEY MAY 2023 castile.com.au Image Supplied By Epiroc 5
Slide 6: Copper: Where's the Love?
COPPER: WHERE’S THE LOVE? RIU According to Glencore’s estimates, under the net-zero emissions pathway of the International Energy Agency (IEA), the world will CONFERENCE be more than 50 million tons short of copper between 2022 and 2030. SYDNEY https://www.bloomberg.com/news/articles/2022-12-06/glen
Slide 7: Rover 1 – A Rich, High-Grade IOCG Deposit
ROVER 1 – A RICH, HIGH-GRADE IOCG DEPOSIT RIU CONFERENCE SYDNEY Tails Dam MAY 2023 7 castile.com.au 7 7
Slide 8: Proposed Mine Design
PROPOSED MINE DESIGN RIU CONFERENCE SYDNEY Tails Dam MAY 2023 8 castile.com.au 8 8
Slide 9: Simplified Processing Flowsheet
SIMPLIFIED PROCESSING FLOWSHEET RIU CONFERENCE SYDNEY MAY 2023 Recoveries 67.7% 93.6% 83.3% 95.5% castile.com.au 9
Slide 10: Proposed Processing Plant Layout
PROPOSED PROCESSING PLANT LAYOUT RIU CONFERENCE SYDNEY MAY 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 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 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 Inferred 1.20 1.75 1.17 0.07 20.78 67,800 14,000 800 250,000 Resource* Total 4.31 1.94 1.42 0.07
Slide 13: Funding the Rover 1 Project - Flexibility
FUNDING THE ROVER 1 PROJECT - FLEXIBILITY 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
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: • Critical Minerals Supply Chain Security and Diversification • Building Downstream Processing Capacity in Australia • The C
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: • Final metallurgical test work stage, including the construction and operation of a test pilot plant. • Finalisation
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 11.8Mt @ 3.2% Zn, 2.00% Pb & 5.7Mt @ 0.36% Cu Scoping Study Underway at Explorer 108 RIU CONFERENCE SYDNEY MAY 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 of 3.43Mt @ 2
Slide 18: Scoping Study at Explorer 108 Lead/Zinc Deposit
SCOPING STUDY AT EXPLORER 108 LEAD/ZINC DEPOSIT RIU CONFERENCE SYDNEY Hole NR108D026 - 46m @ 5.9% Zn and 5.2% Pb Existing Lead/Zinc Mineralisation at Explorer 108 a MAY 2023 Hole NR108D016 - 5m @ 17.7% Zn and 7.0% Pb potential feed source for the Rover 1 infrastructure castile.com.au The Scoping Stu
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 Fortescue Metals Castile Group (FMG) Resources Milgun Project RIU CONFERENCE Castile Resources SYDNEY MAY 2023 castile.com.au The Castile Resources Milgun Project comprises of tenements E52/4206 and E52/4235 19
Slide 20: Castile Resources
CASTILE RESOURCES • DEVELOPING THE ROVER 1 MINE TO PRODUCE DOWNSTREAM CRITICAL AND PRECIOUS MINERALS • LEVERAGE TO KEY METALS GOLD AND COPPER WITH COBALT AND MAGNETITE • LOOKING TO PARTNER WITH END USER CUSTOMERS FOR OFFTAKE AND DEBT PROVIDERS RIU • STRONG SUPPORT FROM STATE AND FEDERAL GOVT CONFERE
Slide 21: Mark Hepburn, Managing Director
Mark Hepburn Managing Director Castile Resources Limited RIU CONFERENCE SYDNEY www.castile.com.au MAY 2023 info@castile.com.au castile.com.au Image Supplied By Epiroc 21 Image Supplied By Epiroc
Slide 22: Rover 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 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,
Castile Resources — RIU Sydney Resources Roundup 2023 on 6ix