Total
0
Shares
Calidus Resources (ASX:CAI) - Managing Director, Dave Reeves
Managing Director, Dave Reeves
Source: 121 Mining Investment TV
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Calidus Resources (CAI) has begun site works at its Warrawoona Gold Project in Western Australia’s Pilbara region
  • Following the granting of two permits, Calidus has begun earthworks at the main processing plant area
  • Calidus is now waiting on a works approval from the Department of Water and Environmental Regulation, which is expected this quarter
  • Simultaneously, Calidus is in the process of completing an integration study on its nearby Blue Spec gold deposit
  • This study will assess the economics of mining at Blue Spec and transporting the ore to Warrawoona
  • Shares is Calidus are steady on the market and are trading at 40.5 cents

Calidus Resources (CAI) has begun site works at its Warrawoona Gold Project in Western Australia’s Pilbara region.

Warrawoona lies 25 kilometres from Marble Bar and covers 780 square kilometres in the Warrawoona Greenstone Belt.

Following the granting of permits by the WA State Department of Mines, Industry Regulation and Safety, and the Commonwealth Department of Agriculture Water and Environment, Calidus has begun earthworks at the main processing plant.

Calidus is now waiting on a works approval from the Department of Water and Environmental Regulation which is expected this quarter.

Work will increase over the coming months and include constructing a tails dam for open pit mining, which is scheduled to begin in the September quarter.

Simultaneously, Calidus is in the process of completing an integration study on its nearby Blue Spec gold deposit.

This study will assess the economics of mining at Blue Spec and transporting the ore to Warrawoona.

“The countdown to production at Warrawoona has now begun. Construction of Warrawoona is fully-funded and we are on schedule to pour our first gold as planned in the first half of 2022,” Managing Director Dave Reeves said.

“The inclusion of Blue Spec will enable us to leverage the Warrawoona infrastructure significantly, raising the potential for increased production and financial returns,” he added.

Shares is Calidus are steady and are trading at 40.5 cents at 1:46 pm AEDT.

CAI by the numbers
More From The Market Herald
Adriatic Metals PLC (ASX:ADT) - CEO, Paul Cronin

" Adriatic Metals (ASX:ADT) releases silver assays for Rupice Mineral Resource

Adriatic Metals (ADT) has released silver assays for its wholly-owned Vares Silver Project in Bosnia and Herzegovina.
Turaco Gold (ASX:TCG) -Managing Director, Justin Tremain

" Turaco Gold (ASX:TCG) receives results from Bouake North

Turaco Gold (TCG) has received results from its recently completed auger drilling program at the Bouake North prospect in Côte d’Ivoire.
Australasian Gold (ASX:A8G) - Managing Director, Qingtao Zeng

" Australasian Metals (ASX:A8G) and CSIRO detect high priority lithium at Mt Peak

Australasian Metals (A8G) and CSIRO have announced the detection of high priority pegmatite and lithium at its wholly-owned Mt Peak project in the
Green Technology Metals (ASX:GT1) - CEO, Luke Cox

" Green Technology Metals (ASX:GT1) begins drilling at North Aubry

Green Technology Metals (GT1) has begun drilling at the North Aubry deposit within its Seymour Project in Ontario, Canada.