CASTILE RESOURCES Rover 1 and regional exploration Investor Pack

Rover Project

A 1,054 km² IOCG district, 80 km from Tennant Creek.

The 100%-owned Rover Project covers a significant proportion of the Rover Mineral Field. The flagship Rover 1 deposit anchors the district, with defined resources at Explorer 108 and Explorer 142 and more than 40 targets still to be fully tested.

Rover 1 at a glance

The June 2026 study, in four numbers.

Pre-tax NPV (8%)
A$1.6B

June 2026 study

Post-tax IRR
48%

Base case

Project life revenue
A$7.1B

Five revenue streams

Steady-state rate
750 ktpa

Up from 500 ktpa in the 2022 PFS

Source: Rover 1 Updated Pre-Feasibility Study and Bismuth Scoping Study, ASX:CST, June 2026 · Mineral Resource update, ASX:CST, 20 October 2025.

Location

Close to airport, rail, highway and gas pipeline.

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

Iron Oxide Copper Gold style mineralisation.

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

Three advanced deposits anchor the field.

Rover 1 carries an updated JORC Mineral Resource of 7.86 Mt (October 2025) — a 41% uplift on the previous estimate, spanning gold, copper, bismuth, cobalt and silver across 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

More than 40 targets still to be fully tested.

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.