CASTILE RESOURCES LTD — Investor Presentation 2021

Oct 11, 2021

www.castile.com.au

==> picture [117 x 46] intentionally omitted <==

Compliance & General Disclaimer

==> picture [686 x 311] intentionally omitted <==

----- Start of picture text -----

COMPETENT PERSONS STATEMENTS
The information in this report that relates to Exploration Results and Mineral Resources and Exploration Data is based on, and fairly and accurately represents, information and supporting documentation compiled by Mr. Jake Russell
B.Sc. (Hons) MAIG and Mr Mark Savage who each have sufficient experience which is relevant to the styles of mineralisation, the types of deposit under consideration and to the activities being undertaken to qualify as a Competent
Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012)”. Mr Russell is a Member of the Australian Institute of Geoscientists and is a
Director of Castile Resources Limited and is eligible to and may participate in any short-term and long-term incentive plans of the Company as disclosed in its annual reports and disclosure documents. Mr Savage is a Member of The
Australasian Institute of Mining and Metallurgy and a full time employee of Castile. Mr Russell and Mr Savage each consent to the inclusion in this report of the matters based on this information in the form and context in which it
appears.
GENERAL DISCLAIMER
This presentation has been prepared by Castile Resources Limited. It should not be considered as an offer or invitation or inducement to subscribe for the purchase of any securities in the Company. This presentation may contain
forecasts and forward-looking statements. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments may differ materially from
those expressed or implied. Castile has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by
applicable laws, Castile makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or
completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation.
This overview of Castile does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own
investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.
The information in this presentation is general in nature and does not purport to be complete. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under the laws of any
other jurisdiction. This presentation is provided for information purposes and does not constitute an offer, invitation, inducement or recommendation to subscribe for or purchase securities in Castile Resources in any jurisdiction.
PREVIOUSLY REPORTED INFORMATION
This presentation refers to information previously announced to the ASX, including mineral resource estimates and exploration results announced to the ASX on 12 February 2020 in its Prospectus dated 3 December 2019, and
exploration results announced to the ASX on 14 and 20 October 2020 and also on 2 November 2020 and ASX:CST Announcement 26 November 2020 “Castile Resources Drilling Program Update” and ASX Announcement 24 May
2021 “High Grade Gold and Copper Results in Drilling at Rover 1”, ASX Announcement 2 June 2021 “30g/t Gold and 4% Copper In Assays From Rover 1”, ASX Announcement 29 June 2021 “Latest Hits Expand High Grade Gold Zone at
Rover 1”, ASX:CST August 23, 2021 “More Bonanza Gold Hits Expand Rover 1”, ASX:CST August 30, 2021 “Spectacular Copper Hits at Rover 1”, September 3, 2021 “ASX:CST Outstanding Metallurgical Results from Rover 1” and
ASX:CST October 12, 2021 “Castile Resources Drilling Program Update”.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements or this presentation, and that all material assumptions and technical
parameters underpinning the mineral resource estimates continue to apply and have not materially changed.
This presentation was released on 13 September 2021 and was authorised for release by Mark Hepburn, Managing Director of Castile Resources Limited
Castile Resources Limited – Level 7, Ashton Chambers, 189 St Georges Terrace, Perth WA 6000.
----- End of picture text -----

www.castile.com.au

2

==> picture [117 x 46] intentionally omitted <==

Strong Cash Position for Exploration and Development

==> picture [108 x 94] intentionally omitted <==

ASX Code CST Shares on Issue 199.7M Share Price A$0.23 Market Cap A$46M Cash as at 30/06/21 A$11.2M

2021 Fully Funded 10,000m Drilling Program

www.castile.com.au

3

The Rover Mineral Field Surroundin Infrastructure and Resources g

Gas, Rail, Road and Commercial Airport within a rich Prolific Goldfield Region

==> picture [117 x 46] intentionally omitted <==

Tennant Creek

Adelaide to Darwin Railway

Explorer 142

Rover 3.

Stuart Highway

Explorer 108

Rover 1

6.9Mt 1.74g/t Au, 1.20% Cu, 0.06% Co & 0.14% Bi

57kms

The Company refers to the mineral resource estimates contained in this presentation as sourced from its Prospectus dated 3 December 2019 and released on the ASX on 12 February 2020 and confirms that it is not aware of any new information or data that materially affects the mineral resource estimates included in the Prospectus.

www.castile.com.au

4

Rover 1 – A Spectacular High Grade Gold Copper (IOCG) Deposit

==> picture [117 x 46] intentionally omitted <==

Gold Intercepts

==> picture [315 x 285] intentionally omitted <==

----- Start of picture text -----

Rover 1
Typical Tennant Creek high grade Iron
Oxide Copper Gold (IOCG) deposit
Castile is currently completing a PFS on
the Rover 1 Deposit
Over 85,000 metres of drilling and a
Scoping Study has been completed by
previous owners
By-products include cobalt, bismuth ,
silver and coal washing magnetite
----- End of picture text -----

10m @ 47.97g/t Au from 471m in R1ARD41-1

7m @ 125.93 g/t Au from 542m in WGR1D034

20m @ 32.61 g/t Au from 469m in WGR1D003

23m @ 13.22 g/t Au from 833m in WGR1D059-2A1

22.75m @ 21.89 g/t Au from 499m in WGR1D002-5

12m @ 58.40 g/t Au from 555m in WGR1D002-5

Copper Intercepts

21m @ 6.86% Cu from 469m in WGR1D011

27m @ 4.75% Cu from 429m in WGR1D024-1

27m @ 3.26% Cu from 935m in WGR1D055-1

30.2m @ 4.46% Cu from 827m in WGR1D059-2A1

42m @ 4.10%Cu from 360m in R1ARD30

29m @ 3.60% Cu from 399m in WGR1D034-1

The Company refers to the exploration results contained in this presentation as sourced from its Prospectus dated 3 December 2019 and released on the ASX on 12 February 2020, and confirms that it is not aware of any new information or data that materially affects the exploration results information included in the Prospectus

www.castile.com.au

5

Rover 1 – 2021 Resource Definition drilling nearing completion

2021 Rover 1 Drilling Program

==> picture [117 x 46] intentionally omitted <==

Highlights from Castile Drilling Program

Holes 1, 2 & 3 and Daughters Complete

Parent Hole 5 and 3 Daughters Complete

5 3 2 1

Hole 20CRD001 30.4m @ 35.6 g/t Au with 1.46% Cu inc 13.2m @ 76.27g/t Au with 1.16% Cu

Hole 21CRD001A 31.7m @ 8.6g/t Au with 0.8% Cu inc 11.5m @ 17.2 g/t Au with 1.1% Cu

Hole 21CRD005 42.2 m at 3.5% Cu with 2.1g/t Au inc 13.5 m at 7.5% Cu with 4.5g/t Au inc 2.5m at 12.9% Cu with 16.5g/t Au

www.castile.com.au

6

==> picture [117 x 46] intentionally omitted <==

Key Minerals and a Density Modifying Industrial Mineral Magnetite Product

Key Minerals

==> picture [281 x 159] intentionally omitted <==

Copper

Gold

==> picture [111 x 86] intentionally omitted <==

==> picture [89 x 84] intentionally omitted <==

By-Products

Proposed mining shapes for magnetite, gold and copper

Cobalt

Battery Mineral Utilised for Lithium-ion batteries .

Magnetite

Bismuth

Density Modifying Industrial Mineral Used in Chemicals and (Coal Washing) Medicines Lead replacement

Peko Rehabilitation Project Ltd was the most recent company to export a coal washing magnetite product from Tennant Creek to India

www.castile.com.au

7

Rover 1 – Metallurgical Testing Confirms Additional By-Products

==> picture [117 x 46] intentionally omitted <==

Gravit and Bulk Flotation Recover y y

	Commodity	Gold	Copper	Cobalt	Bismuth
	Gravity Recovery	21.4%
	Bulk Flotation Recovery	72.4%	97.8%	88.0%	89.7%
	RECOVERY	93.8%	97.8%	88.0%	89.7%

Metallurgy Testing supervised by METS Engineering in ALS Laboratories Magnetite product testing ongoing for extraction, grind and purity Ongoing testwork for individual product recoveries

==> picture [630 x 229] intentionally omitted <==

----- Start of picture text -----

Bulk Flotation Recoveries
Rover 1
Proposed Mining Schedule
----- End of picture text -----

www.castile.com.au

8

Rover 1 – Potential for Environmentally Sustainable Mining

==> picture [117 x 46] intentionally omitted <==

Rover 1 Mining Studies are analysing the possibility of solar power options for the processing plant and an electrified underground haulage mining fleet

==> picture [294 x 184] intentionally omitted <==

Solar Farm Utilising HVDC Cables

==> picture [299 x 143] intentionally omitted <==

----- Start of picture text -----

Sandvik LH518B, 18t Underground Battery Powered Loader
----- End of picture text -----

==> picture [300 x 142] intentionally omitted <==

----- Start of picture text -----

Epiroc MT42 Battery Powered 42t Underground Truck
----- End of picture text -----

www.castile.com.au

9

==> picture [117 x 46] intentionally omitted <==

Strong NT Government Support and Community Engagement

Castile has donated Sporting Equipment to all schools within the entire Barkly Region

NT Chief Minister The Hon. Michael Gunner Site Visit NT Mining Minister The Hon. Nicole Manison Site Visit

==> picture [153 x 172] intentionally omitted <==

==> picture [140 x 171] intentionally omitted <==

==> picture [291 x 290] intentionally omitted <==

==> picture [220 x 110] intentionally omitted <==

MLA for Barkly Region Steve Edgington and Deputy Mayor of Tennant Creek Ronald Plummer Site Visit www.castile.com.au

10

Regional Targets Prepared and Scheduled for DHEM

2021 Drilling Program for Regional Targets

==> picture [117 x 46] intentionally omitted <==

EXPLORER 108 ROVER 3 1 NEW EXPLORATION HOLE TO BE DRILLED, 3 HOLE CLEANOUTS Further EM assessment Existing Resource of 11.8Mt 3.2% Zn , 2.00% Pb,

11.1g/t Ag and 5.7Mt @ 0.36% Cu

ROVER 4 1 NEW EXPLORATION HOLE TO BE DRILLED ROVER 1 Resource Definition EXPLORER 142 Drilling for PFS 1 HOLE EXTENSION TO BE DRILLED continues Existing Resource of 176Kt @ 5.2% Cu

==> picture [489 x 27] intentionally omitted <==

www.castile.com.au

11

Explorer 108 – The Treasure Hunt for the Primary Copper Source

==> picture [117 x 46] intentionally omitted <==

Explorer 108 - Copper Feeder Zones surrounding the huge lead/zinc deposit – where is the copper coming from? The primary copper source at Mt Isa was discovered beneath the lead/zinc deposit

==> picture [629 x 253] intentionally omitted <==

----- Start of picture text -----

A
Explorer 108
Copper Feeder
Zones make up
the existing
Mineral B
Resource of EM Probe to
5.7Mt @ 0.36% survey Hole
NR108D026 Mt Isa Simplified Section
Explorer 108 and Mt Isa are 700kms apart and
share the same Tectonic Setting, Host Rocks,
----- End of picture text -----

Explorer 108 and Mt Isa are 700kms apart and share the same Tectonic Setting, Host Rocks, Structural Controls and Mineralisation Style with the Primary Copper source situated beneath the lead/zinc deposit

EM Probe to go down hole into NR108D026 at Explorer 108 to survey for anomalies beneath the lead/zinc deposit

==> picture [220 x 21] intentionally omitted <==

----- Start of picture text -----

Current Resource at Explorer 108
11.8Mt 3.2% Zn, 2.00% Pb, 11.1g/t Ag with 5.7Mt 0.36% Cu
----- End of picture text -----

www.castile.com.au

12

*Comparison between Explorer 108 (A) and Mt Isa (B). Mt Isa simplified section from McLellan et al (2014).

Explorer 142 – DHEM to survey and drill test for Gold Anomalies

==> picture [117 x 46] intentionally omitted <==

==> picture [461 x 336] intentionally omitted <==

----- Start of picture text -----

EXPLORER 142 ROVER 1
Similar size and geophysical properties to Rover 1
2021 drilling designed to explore for the gold cap at
Explorer 142
Hole NR142DD003
clean out complete
for DHEM Targeting
Gold structures
ROVER 1
Explorer 142 Resource: 176kt @ 5.2% Cu
----- End of picture text -----

www.castile.com.au

13

Rover 3 – Geophysics Re-interpretation Leads to Strong Target

==> picture [117 x 46] intentionally omitted <==

==> picture [541 x 292] intentionally omitted <==

----- Start of picture text -----

Rover 3 Rover 3
2020 Geophysical
Interpretation
2008 Magnetic source interpretation
assumes 2 separate
magnetic sources
Hole WGR3D001 at Rover
3 to be cleaned out for
DHEM
2021 DHEM and
2008 Test drill hole
drill program
to test the new
source model
----- End of picture text -----

www.castile.com.au

14

Experienced Board & Management

==> picture [117 x 46] intentionally omitted <==

Peter Cook

Non-Executive Chairman

Mr Cook is a geologist BSc (App Geol 1983), mineral economist (MSc Min Econ 1995 WASM) and highly experienced veteran of the Australian resource sector. He is currently the Managing Director of Westgold and has more than a decade of association with the Company and its assets. Mr Cook has substantial experience in the exploration, development, mining, construction, permitting and financing of development projects within Australia as well as the corporate management of listed public entities.

Mark Hepburn

Managing Director

Mr Hepburn has a degree in Economics and Finance (B.Econ. & Fin 1992 UWA) and has been a member of the Australian Institute of Company Directors since 2008. He has significant experience in institutional stockbroking, corporate transactions and the management and corporate development of public companies. He brings 28 years of substantial financial markets experience in the resources sector to Castile Resources. Mr Hepburn is also a Non-Executive Director of ASX listed lithium and gold explorer Firefinch Limited after an acting role as CEO where he oversaw the company’s refinancing and corporate re-structuring. He was also on the board of ASX listed Indonesian gold developer Sihayo Resources until November 2018.

John Braham Non-Executive Director

Mr Braham is an experienced Mining Finance and Investment professional having a 24-year career with Macquarie Bank until 2017. For the last 11 years of his service he was an Executive Director and co-head of Macquarie’s Global Mining and Finance Division. Mr Braham has vast experience in the provision of debt and equity to mining, exploration and development companies, worldwide. Mr Braham brings Castile a set of finance and corporate skills to greatly assist with its future financing and development needs. Since November 2018, Mr Braham has served as Managing Director of the ASX listed and South American focused Equus Mining Limited.

Jake Russell

Non-Executive Director

Mr Russell is a geologist B.Sc. (Hons) MAIG with circa 20 years of experience in exploration, mining, resource development and management. He is currently the group Chief Geologist of Westgold Resources Limited and prior to its demerger from Metals X Limited, he was the Group Chief Geologist of Metals X Limited. Mr Russell brings Castile a second to none knowledge of the assets of Castile and a high degree of technical expertise in their exploration, resource development and exploitation.

Michael Poepjes Mining Engineer

Mr Poepjes is a Mining Engineer (B Eng) a Mineral Economist (MSc [Min Econ]) and holds a Master’s Degree in Business Administration (MBA). Mr Poepjes has over twenty years of experience in the mining industry working in gold, copper and tin across Australia in both Corporate and Operational roles. Mr Poepjes previous role was the Chief Operating Officer for Millennium Minerals. Prior to Millennium Minerals, he was the Group Mining Engineer for Metals X (which included the Westgold and Castile assets) for seven years.

Mark Savage Geology Manager

Mr Savage is a geologist B.Sc. (Hons) MAusIMM with more than 20 years of experience in exploration, resource development and mining brings a wealth of experience to Castile having worked previously for Metals X, RNI and Apex Minerals on pre-development assets.

www.castile.com.au

15

Investment Highlights

==> picture [117 x 46] intentionally omitted <==

Castile Resources - The ASX's Newest Gold Copper Explorer & Developer

1. Extensive portfolio in the highly prolific Tennant Creek gold copper province region in the Northern Territory

2. Strategic focus on exploration & development at Rover 1 with experienced Board & Management

• Fully funded 10,000m of drilling planned for 2021 with Resource Definition and high impact exploration targets

• High-grade gold/copper polymetallic orebody at Rover 1 now includes significant high value magnetite product

• Ongoing Pre-Feasibility Study at Rover 1 now includes significant high value magnetite product

• Opportunities for Environmentally Sustainable Mining with a Solar Powered Plant and Electrified Mining fleet

• Regional “Hub and Spoke” Strategy underway as DHEM begins on Castile owned nearby deposits with existing resources

3. Significant Upcoming News Flow:

• September to December 2021 - Ongoing Drilling Results from Rover 1 and regional targets

• December Quarter – Preliminary Mining Studies and Pre-Feasibility Studies Results

www.castile.com.au

16

www.castile.com.au

==> picture [117 x 46] intentionally omitted <==

Mineral Resource Statement

==> picture [558 x 316] intentionally omitted <==

The Company refers to the mineral resource estimates contained in this presentation as sourced from its Prospectus dated 3 December 2019 and released on the ASX on 12 February 2020 and confirms that it is not aware of any new information or data that materially affects the mineral resource estimates included in the Prospectus.

www.castile.com.au

18