CASTILE RESOURCES Rover 1 and regional exploration Investor Pack

Rover Field Exploration

Beyond Rover 1: two defined resources and forty-plus targets.

Explorer 108 is a polymetallic Zn-Pb-Ag discovery with a separate copper blanket, 35 km west of Rover 1. Explorer 142 is a compact, high-grade Cu-Au IOCG. Together they broaden the Rover Project from a single deposit into a wider mineral field opportunity.

  • Explorer 108 · Zn-Pb-Ag + Cu
  • Explorer 142 · Cu-Au IOCG
  • 40+ untested targets

Explorer 108

A polymetallic discovery, 35 km west of Rover 1.

Polymetallic
11.8 Mt

Zn-Pb-Ag resource

Zinc grade
3.24%

Headline grade

Copper blanket
5.7 Mt

Indicated, 0.36% Cu

Explorer 108 comparison diagram and geological interpretation

Geological model

A Mt Isa analogue with a primary copper system to define.

Castile's working model for Explorer 108 is a Mt Isa analogue, given the numerous geochemical and structural similarities between the two systems. The primary copper system is yet to be defined.

A review of previously captured downhole electromagnetic surveys identified two subtle but significant off-hole conductive anomalies — to be re-surveyed using modern equipment for vectoring and drill testing.

Project role

Polymetallic and copper upside in one deposit.

Drilling has defined an initial polymetallic resource of 11.8 Mt at 3.24% Zn, 2.00% Pb and 11.1 g/t Ag. A separate Indicated copper resource of 5.7 Mt at 0.36% Cu sits as a blanket above the polymetallic deposit, with further untested geophysical targets still to drill.

Explorer 142

A compact, high-grade copper-gold IOCG.

Tonnage
170 kt

Inferred resource

Copper grade
5.2%

Above 2.5% Cu cut-off

Contained Cu
9.2 kt

Plus 1.2 koz Au

Deposit type

Tennant Creek style Cu-Au, inferred resource defined.

Explorer 142 is a Tennant Creek style IOCG deposit with an Inferred Mineral Resource of 170 kt at 0.21 g/t Au and 5.2% Cu — 1.2 koz gold and 9.2 kt copper, reported above a 2.5% Cu cut-off.

Project role

Additional copper-gold optionality across the field.

Explorer 142 adds further copper-gold optionality to the Rover Project and supports the broader picture of multiple mineralised deposits across the field, alongside Rover 1 and Explorer 108.