Castile Resources

What Castile Resources does

Castile Resources Limited is an ASX-listed (ASX: CST, OTCQB: CLRSF) mining exploration and development company headquartered in West Leederville, Western Australia, with mineral tenements in the Northern Territory. The company's flagship asset is the Rover 1 Project, a high-grade Iron Oxide Copper Gold (IOCG) polymetallic deposit intended to produce gold doré, 99% copper, 99% cobalt, and 96.5% magnetite from a 500,000 tonnes-per-annum processing plant over an initial 8-year mine life. Supporting assets include the Explorer 108 lead-zinc-silver deposit, the Explorer 142 IOCG deposit, and the grassroots Warumpi Project in the West Arunta region.

The company has built a portfolio of advanced polymetallic assets with JORC 2012 compliant mineral resources, supported by 85,000 metres of historical drilling data acquired from previous owners Metals X and Westgold Resources. Castile has also deployed a proprietary Ambient Noise Tomography (ANT) passive seismic survey technique, successfully validated at the Rover 1 Jupiter Ironstone, to improve deep-target drill selection. The company holds Major Project Status from the Northern Territory Government and has been featured in the Australian Federal Government's 2022 and 2023 Critical Minerals Prospectus.

Castile is pre-revenue and currently advancing through a Bankable Feasibility Study for Rover 1, following a December 2022 Pre-Feasibility Study that projected A$451.7 million pre-tax NPV at a 6.5% discount rate and a 46% IRR. The company finances its exploration and development activities through equity raises on the ASX, most recently securing A$8.4 million in February 2026. Its primary stakeholders are institutional and retail investors seeking exposure to gold and critical minerals exploration, with future end-customers expected to be refiners and commodity buyers in Australia and (potentially) India.

Name

Castile Resources

Legal name

Castile Resources Limited

Website

https://www.castile.com.au/

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Castile Resources is an ASX-listed mining exploration and development company developing the high-grade Rover 1 IOCG polymetallic project in Australia's Northern Territory, targeting gold, copper, cobalt, and magnetite production for ASX investors and future critical-minerals buyers.

Ownership category

akta.pro rank

Product category

Mining and Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Metal Ore Mining (2122)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Mining exploration
• Polymetallic mining
• Critical minerals development
• IOCG deposits
• Gold copper cobalt

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Mineral Sales: Revenue generated from selling extracted minerals including gold doré, copper (99%), cobalt (99%), and magnetite (96.5%). As a pre-production mining company, currently in Bankable Feasibility Study stage with no current production revenue.

Go-to-market motion1 record

Marketing channels5 records

Core offering

Castile Resources is a mining exploration and development company advancing polymetallic mineral projects in the Northern Territory of Australia. The flagship Rover 1 Project is an Iron Oxide Copper Gold (IOCG) deposit undergoing a Bankable Feasibility Study to produce gold doré, copper, cobalt, and magnetite. Supporting assets include the Explorer 108 lead-zinc discovery, the Explorer 142 IOCG deposit, and the grassroots Warumpi Project. The company employs proprietary Ambient Noise Tomography (ANT) exploration technology for subsurface imaging.

Product overview

Castile Resources is a mining development company with a portfolio of polymetallic projects in the Northern Territory, Australia. The flagship asset is the Rover 1 Project, an IOCG deposit currently in Bankable Feasibility Study stage, which will produce gold, copper, cobalt, and magnetite downstream products. Supporting the flagship are the Explorer 108 lead-zinc discovery and Explorer 142 copper-gold deposit, both located within the Rover Mineral Field. The Warumpi Project provides additional exploration upside in the West Arunta region.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Pre-Tax NPV of A$451.7 million at 6.5% discount rate with IRR of 46%
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• AustradenotableGTM or Marketing Partner · 1 November 2023Castile Resources was included in the Austrade Business Delegation of Australian Critical Minerals Producers and Developers to India in November 2023, providing international market exposure and trade opportunities.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CastileRes
• LinkedInlinkedin.com/company/castile-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Castile Resources