Castille Resources’ Rover 1 Project, which is expected to generate a capital expenditure of nearly $280 million, has been awarded Major Project Status by the Northern Territory Government.

The Rover 1 Project will directly target gold doré, 99 per cent cobalt, 99 per cent copper, and 96.4 per cent magnetite in an underground mine 80km south west of Tennant Creek.

An opportunity for 160 Territorians to work on the project is expected to be created throughout construction, in addition to 120 anticipated positions during operation.

Alongside the mine, a beneficiation plant and processing facility will also be developed, which is expected to provide additional stable, long-term employment throughout the Barkly region.

Major Project Status is a formal acknowledgement of the project’s significance through its contribution to the economy and employment. 

Northern Territory Chief Minister, Eva Lawler, said, “The Territory Labor Government is developing a thriving economic landscape and our rich critical minerals market is key to unlocking it.

“Castile Resources’ Rover 1 project is exciting for many reasons, ranging from the economic benefits to job creation and their steadfast commitment to maximising outcomes for the local community of the Barkly.

Northern Territory Minister for Mining, Mark Monaghan, said, “The critical minerals sector is going to transform the way we see energy and the Territory Labor Government is shaping our country’s development.

“We will now enhance our existing work with Castile to help drive them towards development and see benefits returning to the Territory as soon as possible.”

Castiles’ Managing Director, Mark Hepburn, said, “Castile is honoured to have been awarded Major Project Status by the Northern Territory Government.

“We look forward to working closely with the Government to develop our downstream critical minerals project which will benefit all of our stakeholders and Territorians for many years to come.”

Image credit: Evgeny_V/Shutterstock.com.

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