Pre-tax NPV6.5%
A$451.7m 2022 PFS headline outcomeRover 1
Rover 1
The Rover 1 Project is poised to produce a range of downstream critical and precious minerals, including gold doré, 99% copper, 99% cobalt, and high-grade 96.5% magnetite. The Pre-Feasibility Study completed on 5 December 2022 models an efficient underground mining operation with a modern 500,000 tonnes per annum processing plant.
PFS completed 5 December 2022BFS underwayGold, copper, cobalt, magnetite
Project IRR
46% Initial eight-year mine plan modelTotal Revenue
A$1.94b Modeled in the published PFSDownstream Products
4 Gold, copper, cobalt, magnetiteProject Video
Project Video
Video summary of the Rover 1 case.
The project video presents the outstanding results from the 2022 Rover 1 PFS, including the proposed mining and processing designs and the downstream product strategy.
Project Summary
Downstream critical and precious mineral products.
- The Rover 1 Project is poised to produce gold doré, 99% copper, 99% cobalt and high-grade 96.5% magnetite.
- The Pre-Feasibility Study completed on 5 December 2022 models an underground mine build with a modern 500,000 tonnes per annum processing plant.
- The project is designed to produce high-value gold, copper, cobalt and magnetite downstream products.
Prospect Context
Jupiter and the broader Rover 1 system.
Rover 1 is an IOCG polymetallic deposit where the 2020 drilling season materially improved the understanding of the higher-grade gold zones within the Jupiter lode and related structures.
Drill Program
2020 drilling outcomes.
- 30.4m at 35.6 g/t Au and 1.46% Cu in Hole 20CRD001 changed the way Castile views the overall gold zone within the Jupiter lode.
- The 2020 drilling program highlighted high grade bonanza gold zones of relatively concentrated dimensions, similar to the super-rich lenses historically mined in the Tennant Creek goldfields.
- Data from the 2020 drill season supported a reinterpretation of fluid pathways and a working view that the Jupiter Deeps structure may extend through Jupiter West to the Ganymede intercepts.
Geological Interpretation
Updated interpretation across Jupiter West and Ganymede.
Incorporation of the 2020 drill data enabled a reinterpretation of fluid pathways and supports the working hypothesis that Jupiter Deeps may be the depth extension of the Jupiter West orebody and continue through to the Ganymede intercepts.