The Territory Labor Government continues to create more opportunities to get the Territory working.
Castile 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% cobalt, 99% copper, and 96.4% magnetite in an underground mine 80kms south west of Tennant Creek.
An opportunity for 160 Territorians to work on the project will be created throughout construction in addition to 120 positions during operation.
Alongside the mine, a beneficiation plant and processing facility will also be developed providing additional stable long term employment throughout the Barkly region.
The $280M million Rover 1 project presents an exciting opportunity for economic growth in the Barkly, and Major Project Status is a formal acknowledgement of the project’s significance through its contribution to the economy and employment.
Quotes attributable to Chief Minister, Eva Lawler:
“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.
Quotes attributable to Minister for Mining, Mark Monaghan:
“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.”
Quotes attributable to Castiles’ Managing Director, Mark Hepburn:
“Castile is honoured to 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”.
Northern Territory Government
