News Articles for Calidus Resources

Renowned prospector Mark Creasy has secured the blessing of creditors in collapsed miner Calidus Resources to revive the Warrawoona goldmine operator.

WA mining pioneer Mark Creasy has proposed a rescue bid for collapsed ASX-listed goldminer Calidus Resources ahead of a creditors' meeting next week.

Local contractors Monadelphous, Macmahon and Mader Group posted upticks in their full-year revenue for the 2024 financial year.

Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.

There were 28 insolvency appointments to Western-Australian-incorporated companies in the past fortnight.

Calidus Resources' flagship Warrawoona gold mine will be moved to care and maintenance, weeks after the company was placed in the hands of receivers by creditor Macquarie Bank.

The value of gold rose 15 per cent in local dollar terms over the first six months of 2024, hitting record levels driven by geopolitical tensions and wavering economic growth indicators.

ASX-listed Pilbara goldminer Calidus Resources has been handed over to receivers and administrators, with contractor Macmahon revealing a $34 million contract exposure.

Shareholders of Calidus and Miramar Resources experienced different emotions on Thursday following market updates from both companies.

ASX-listed Novo Resources has announced sweeping changes at leadership level

Calidus Resources told the market on Wednesday it had reduced annual production guidance for the 2024 financial year, citing lower-than-anticipated material movement.

Our weekly appointments wrap includes Richard McLeod, Debra Sayce, Wayne Bull, Mark Barnaba, John Gelavis, Brad Royce, Fiona Wood, Don Pyke, Ronni Kahn and James Goth.

A technical review of Octava Minerals' Talga project in Western Australia's Pilbara region has revealed fractionation typical of LCT pegmatites and stellar gold grades in soil samples of up to 5.45 grams per tonne. The company says the study, conducted by CSA Global, has uncovered a previously unrecognised target zone for pegmatites of more than 100 square kilometres.

Octava Minerals will become the sole owner of the prospective 202-square-kilometre Talga lithium project in the Pilbara after signing a deal to buy the remaining 30 per cent interest from its partner First Au. Octava will purchase First Au's entire project holdings – including a 20 per cent free-carried interest – for $200,000, 1.2 million fully-paid ordinary shares and a net smelter royalty of 0.75 per cent.

Mining services contractor Macmahon Holdings will invest more than $10 million in Calidus Resources' plan to raise $38.5 million to expand its gold project in the Pilbara.

ASX-listed gold explorer and producer Calidus Resources has enjoyed success with the drill bit in a maiden RC program at Spear Hill in the Pilbara – for lithium, not gold. The discovery was made by Calidus' part-owned Pirra Lithium. Significant intercepts included 2 metres at 1.11 per cent lithium oxide from 19m and 2m at 1.09 per cent from 5m.

Gold producer Calidus Resources has unveiled its maiden reserve for its Blue Spec deposit in the East Pilbara and slated a final investment decision for its sulphide plant to process the gold for mid-2023. Blue Spec's maiden reserve has been determined at 83,000 ounces at 11.2 grams per tonne gold, taking the company's total resources to 600,000 ounces of gold.

Lithium and gold explorer Octava Minerals hit the ASX boards today opening at $0.27 as it eclipsed its issue price of $0.20 by 35 per cent. After a fully subscribed initial public offering the company successfully raked in $6m with most of the funds earmarked for exploration at the company's flagship Talga lithium joint venture in WA's East Pilbara region.

Calidus Resources plans to plough up to $20 million into a pair of WA precious and battery metals projects after a successful capital raise. The company says the proceeds will fund an accelerated drill campaign at its Pilbara JV with Pirra Lithium and feed a production ramp-up at its Warrawoona gold project near Port Hedland.

Calidus Resources has raised $20 million from institutional investors to bankroll further lithium and gold exploration pursuits.

Calidus Resources has identified strong gold-in-soil anomalies in samples taken across a 3km strike length in historically mined sections of its Blue Spec project near Nullagine in WA's Pilbara region. The program targeted the untested western end of the Blue Spec fault zone associated with gold mineralisation. Preliminary fieldwork is underway to identify drill targets in addition to areas for program of work applications and heritage surveys.

Octava Minerals is preparing for its ASX debut next month as it seeks to exploit some early lithium shows just 10kms from Global Lithium's revered Pilbara lithium discovery. Octava has also pulled together a package of Kimberley and Mid West tenements in solidly mineralised terranes that are already jostling with battery metals big hitters and the company's Pilbara ground also has some intriguing historical gold drill holes that are begging for follow up.

Calidus Resources is moving fast towards steady-state production at its Warrawoona gold project in WA's Pilbara region after pouring 8916 ounces of gold in the June quarter. The company tabled its impressive results just six weeks after pouring the first batch of gold from its carbon-in-leach circuit at its newly commissioned processing plant.

Strong lithium grades up to 2.35 per cent and an extension of the Spear Hill lithium pegmatites to over 4.3km strike length have convinced the owners of Pirra Lithium to spin the company out into an IPO by the end of this year. Calidus owns 50 per cent of Pirra Lithium, the joint venture controls tenements and lithium rights covering over 1000 square kms where recent assaying has doubled the known size of lithium mineralised zones.

Only one month after its first gold pour at the company's Warrawoona gold operation, Calidus Resources is looking at its Blue Spec East prospect as an open pit operation following strong drilling results. The move could boost throughput at its nearby plant in the Pilbara. The company produced first gold last month with a 33kg pour and aims to ramp up to 90,000 ounces per year.

Pirra Lithium, one of Australia's newest lithium explorers, has started drilling at its Spear Hill project in WA's Pilbara Craton region, testing a 1.2km stretch of outcropping lithium pegmatites where rock chips previously returned assays grading up to 2.34 per cent lithium oxide. Pirra is a 50-50 JV between Calidus Resources and Haoma Mining.

New gold producer Calidus Resources has poured the first gold bar from its carbon in leach circuit, marking the successful commissioning of a full processing circuit at its Warrawoona gold project in WA. A total of 33kg of gold was poured with the company's gold production now scheduled to ramp up to about 90,000 ounces per year in stage one.

Our board moves wrap includes Thomas Nador, Eric Streitberg, and Keith Coughlan.

Calidus Resources' recent spin-off Pirra Lithium has produced another grab bag of high-grade results from its latest rock-chip sampling and mapping program at the company's Spear Hill discovery in WA's emerging East Pilbara lithium field. The recently identified pegmatite has been mapped out over 2.5km in strike with assays yielding up to an impressive 2.75 per cent lithium oxide.

Five years ago Calidus Resources pulled off what many thought was an impossible task – the bringing together of multiple disparate parties who owned gold leases in the Pilbara within cooee of each other. Since then, Calidus has exquisitely executed a strategy of drilling out those leases, pulling together a resource and a reserve and this week, the company managed to achieve what many others could not – a maiden gold pour.

Blackstone Minerals has bolstered its engineering horsepower with GR Engineering Services as it heads towards the delivery of a definitive feasibility study into its upstream Ta Khoa Nickel Project. The ASX-listed addition is hailed as a ‘Tier 1' process engineering, design and construction advisory company and will man the role of Blackstone's primary consultant.

Calidus Resources has ticked off a major milestone in its quest to becoming Australia's next gold producer with the commencement of continuous ore processing at its Warrawoona gold project in WA's emerging Pilbara goldfields ahead of the first gold pour expected in the coming weeks. Under the multi-stage development plan, production is scheduled to ramp up initially to about 90,000 ounces a year.

First ore should be pushed through Calidus Resources' Warrawoona gold plant in the Pilbara by month's end, with the company tipping its maiden gold pour to follow in mid-May. It said the SAG mill is now ready for commissioning by EPC contractor GR Engineering Services. Mining contractor Macmahon Holdings has also ramped up activities with the main mining fleet now onsite and in operation.

Calidus Resources has etched out a plethora of promising new gold targets at its Blue Spec project in the heart of the Pilbara. Stream sediment sampling has lit up three prospective targets returning values up to 326 parts per billion gold along strike from the high-grade Blue Spec project where the company is set to deliver the results of a definitive feasibility study in the coming months.

Calidus Resources appears to be making inroads into the new energy space after its recently spun-out company, Pirra Lithium identified pegmatite across an over 1-kilometre strike range at its Spear Hill project in WA's prolific East Pilbara region. According to the company, it has since bagged up over 30 rock chips samples with assay results yielding grades of up to 2.3 per cent lithium oxide.

Calidus Resources has cleared its final construction hurdle on time and on budget, with commissioning now underway of its 100 per cent owned Warrawoona gold project in the Pilbara region of WA. The company says it expects crushing and milling operations to start within the next eight weeks with first gold set to be poured approximately two weeks later.

ASX-listed Calidus Resources has spun out a new company, Pirra Lithium, together with Haoma Mining with the aim of focusing exploration primarily on the most prospective lithium ground in the Calidus and Haoma portfolios. The lithium rights tenure granted totals 1,063 square kilometres with the two companies each owning an equal share of the newly created venture.

Our board moves wrap includes Steve Bodon, Tamara Barr, Stephen Strubel, Michael Edwards, Ed Mason, Kate George, Greg Martin, Andrew Pickering, Felicity Repacholi-Muir, Sam Pazuki, Ian Murray, Phil Marsland, Philip Otley, John Tarrant, Giles Everist, Justin Richard, Chris Gale, Anthony Greenaway, and Joseph van den Elsen.

Gold developer Calidus Resources is delivering on its environmental initiatives after executing an agreement with Zenith Pacific to install a solar farm and battery storage system to help power its flagship Warrawoona gold project in WA's Pilbara. The 4MW solar farm is the cornerstone of the company's carbon reduction plan at Warrawoona where Calidus is expected to churn out up to 105,000 ounces of gold annually.

Budding gold developer Calidus Resources is joining forces with Haoma Mining under the guise of new company, Pirra Lithium to unlock the lithium potential of more than 1,000 square kilometres of prime Pilbara real estate. The Pilbara Craton is shaping up to be one of the world's major lithium and tantalum provinces housing the behemoth Wodgina and Pilgangoora lithium projects alongside Global Lithium's evolving Archer deposit.