About
Dover Castle Metals is an Australian public unlisted company that focusses on exploration of critical mineral deposits in Queensland.
Established to capitalise on the state’s rich mining history and supportive environment, we target minerals critical for Australia’s economy and the global transition to a low-carbon future. There are no viable alternatives to many of our targeted minerals’ applications in clean energy and sustainable technologies, and demand is expected to remain strong.
Our flagship project, Dover Castle, is a silver/tin dominant polymetallic deposit also containing zinc, lead and indium. Financial modelling for the recently completed Dover Castle Project Scoping Study, prepared by Ausenco, presents strong economics:
- Base Case: NPV of A$535 million, IRR of 30%, and EBITDA of A$1.47 billion, over its 14-year mine life;
- Mid-case: NPV of A$755 million, IRR of 30%, and EBITDA of A$2.38 billion, over its 21-year mine life.
The deposit remains open in all directions. Further well-targeted drilling will continue to grow the resource, expanding mine life and adding significant value resulting in an ‘Upside case’.
We also have a portfolio of highly prospective projects across our mineral-rich tenements. These feeder projects include the Tommy Burns, Koorboora and Wolfram Line projects, which expand our target critical mineral portfolio to include tungsten and bismuth.
Ben Mayo, Managing Director of Dover Castle Metals, stated:
“The feeder projects are not speculative bolt-ons, they are tangible growth assets with drilling history, geophysical footprints, and strong exploration targets. They represent an exceptional blend of near-term resource upside and long-term scalability, critical for sustaining relevance in a tightening critical minerals landscape.
Dover Castle is now positioned not merely as a single deposit, but as the potential anchor of a district-scale polymetallic system with meaningful exploration upside and long-term development optionality.”
Dover Castle Metals’ Board and Management are committed to increasing shareholder value through strategic exploration and project advancement.
Our efficient and effective execution model ensures that capital is directed primarily towards the ground, rather than on corporate expenses and non-core activities.
Dover Castle Metals provides the opportunity for our investors to participate in the exploration of a portfolio of promising critical mineral projects in a prime location.
With a clear purpose, strategy, and a highly skilled team, we are well-positioned to deliver strong returns to our shareholders.