CST - Castile Resources: Advancing Australia's Polymetallic Mining Frontier

(NewsDirect)

Castile ResourcesManaging Director Mark Hepburn joined Steve Darling from Proactive toshare about the company that is distinguished by its polymetallicdeposit located in the Northern Territory of Australia.

The company has recentlycompleted its pre-feasibility study, signalling a move towardsdownstream production, which includes the production of pure copper,cobalt (99% purity), gold, indium, and a 96.5% magnetiteproduct.

Theseproducts are crucial for the decarbonisation industry, marking asignificant differentiator for Castile in producing end-usermaterials. The Rover One project is highlighted as a highly profitableoperation with an NPV of 450 million Australian dollars and an IRR ofapproximately 46%. This small to medium-sized project is expected togenerate between 225 to 250 million dollars of revenue annually,culminating in about 2 billion dollars over its eight-yearlifespan.

The nextsteps for the company involve securing financing and a project partnerto assist with funding. Hepburn emphasizes the importance of a'Big Brother' partner, especially one that requiresCastile's copper and cobalt, to ensure the project'ssuccess.

Additionally, Castile isexploring other deposits near Rover One and has acquired explorationground in Western Australia, indicating potential for lithium,niobium, and rare earth elements. Hepburn's tour, including hisvisit to the OTC Studios in New York City, underscores thesignificance of North American investors and mining companies inCastile's strategy, especially given the critical status of copperand cobalt in the USA.

ContactDetails

Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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