ASX-listed gold developer Calidus Resources has taken multiple steps towards gold production at its flagship Warrawoona project in WA's East Pilbara region with environmental approvals clearing the way for early construction items to be built at the planned $116 million development. The company plans to commence early capital works – including an access road and a 240-person accommodation village – as soon as next month.
Our board moves wrap includes John McGlue, Trevor Stoney, Adam Miethke, Charles Lepani, Brett Hazelden, Rudolph van Niekerk, Paul Cronin, Eric de Mori, Cameron Williams, and Stefan White.
Aspiring gold producer Calidus Resources will begin early construction works at its flagship Pilbara project using the proceeds raised from a $25 million share placement.
Emerging ASX-listed gold player Calidus Resources has received a significant cash injection towards the accelerated development of its flagship Warrawoona project 20km south-east of Marble Bar in WA's East Pilbara region. The Perth-based company has raised $25 million before costs from a heavily oversubscribed share placement to sophisticated and professional investors of 49 million shares at 51 cents each.
Emerging ASX-listed gold player Calidus Resources is set to kick off an initial round of regional drilling at its recently acquired Otways gold-copper project in the Pilbara, in tandem with continued drilling to beef up a maiden ore reserve estimate at its developing Warrawoona gold asset, about 50km away also in the Pilbara.
With the gold price piercing the US$1,800 per ounce mark and threatening to test the A$2,600/oz level, emerging gold developer, Calidus Resources, is moving quickly to get its ducks in a row in order to meet an accelerated development schedule at its planned $116 million Warrawoona gold project in WA's East Pilbara district.
Calidus Resources says it will begin construction for its Pilbara gold project in six months, while Kin Mining and Moho Resources have moved ahead with drill programs for other projects in Western Australia.
Calidus Resources' updated PFS for its Warrawoona gold project in the Pilbara shows another $20m a year falling to the bottom line compared to previous estimates. The latest set of numbers which have been tabled on the back of a simplified mine plan will no doubt be helpful for Calidus who is now getting dangerously close to production at Warrawoona.
With its market cap now sitting comfortably over $100m, the hurdles are starting to drop now as Calidus Resources races towards gold production in the Pilbara. Arguably the most difficult hurdle to navigate on the pathway to production is EPA approval and Calidus now has this important one behind it at the Warrawoona gold project after getting the nod from the EPA.
Calidus Resources is one step closer to commencing its Warrawoona gold project, with the EPA today recommending conditional approval for the prospective Pilbara mine.
Calidus Resources has struck upon a bold growth strategy as it steams towards the development of its rapidly advancing Warrawoona gold project in the Pilbara. Drilling has kicked off at its flagship Klondyke deposit, targeting the rich inventory of gold speculated to sit below the existing resource.The company is scrubbing up a pipeline of resources to extend the life of the developing mine.
Calidus Resources has entered into a Heads of Agreement to earn up to 70 per cent of the prospective looking Otways Project, located just 50km from its flagship Warrawoona gold project in the Pilbara. The initial part of the deal with ASX-listed Rugby Mining Limited, will see Calidus spend $200K on the Otways project and put 1,200m of RC drilling into it over 12 months.
Calidus Resources is pulling out all stops to get its Warrawoona gold project into production in the Pilbara after it signed a deal to co-fund an airport upgrade at Marble Bar this week in partnership with the Shire of East Pilbara. The upgrade will enable Calidus to seamlessly deliver its workforce in and out of Warrawoona when it gets going.
Calidus Resources said it remains on track to deliver a definitive feasibility study for its 1.25Moz Warrawoona gold project near Marble Bar in the Pilbara during the December quarter of this year. The company said it is targeting the commencement of development in the first half of 2021 after its pre-feasibility study demonstrated a robust project based on 100,000oz per annum of gold production.
ASX-listed Calidus Resources said the near-term development strategy for its 1.25Moz Warrawoona gold project in the Pilbara has received a shot in the arm after the project was granted a streamlined State and Federal environmental approval process. The WA office of the EPA has advised Calidus that it will assess the project as an “Accredited Assessment”. Calidus is targeting 100,000 ounces of gold per year at Warrawoona.
Calidus Resources has jumped on the opportunity to pick up an accommodation village, signalling that it is getting serious about developing its Warrawoona gold project. The accommodation modules will be stored in Marble Bar until all internal and external development approvals are in place. The company has applied for an early works permit to fast track deployment of the camp ahead of receiving final approvals.
As Calidus Resources rolls on towards the end of a successful field season at its Warrawoona gold project in the East Pilbara of WA, a suite of exciting assays have come in that may provide a boost to its 1.25 million ounce resource. Drilling up to 200m below the base of the proposed open cut mine hit 1m @ 55.2g/t gold and 1.11m @ 31.2g/t gold – giving the company a hint that an underground operation just might fly.
A robust RC drilling program has seen Calidus Resources continue its rapid transition from explorer to producer as it underpins the open pit resource upgrade for its million-plus ounce Warrawoona gold project in WA's East Pilbara. RC drilling inside the planned Klondike pit has returned a number of scintillating intersections, including 15 metres at 3.7 grams/tonne gold from 30m and 12m at 3.93g/t gold from 19m.
Calidus Resources has lengthened its successful list of drilling results whilst firming up the mining credentials of its rapidly developing Warrawoona gold project in WA's East Pilbara region. The company is also continuing to de-risk its million ounce-plus ore resource with recent results including a tidy 12m grading 5.58g/t from 12m down-hole, 15m at 4.33g/t from 6m downhole and visible gold in diamond drill core.
Calidus Resources has continued its hit list of impressive drilling results whilst strengthening the open-pit credentials of its rapidly developing Warrawoona gold project in WA's East Pilbara region. The company is also continuing to de-risk the million ounce-plus ore resource, with recent results including an impressive 35m drill hit grading 2.84g/t gold from surface and 23m grading 2.55g/t from 15m downhole.
Calidus Resources has confirmed the technical and economic open-pit credentials of its Warrawoona gold project in WA's East Pilbara region on the back of some promising, new shallow RC drilling intercepts from the Klondyke deposit. The company is also continuing to de-risk the million ounce-plus ore resource, with recent work defining near-surface gold mineralisation in Klondyke's eastern section.
Calidus Resources has generated shallow, high-grade gold intercepts outside the existing resources in drilling completed at its emerging Warrawoona project, near Marble Bar, WA. The results are adjacent to the flagship Klondyke deposit and included 12 metres grading 2.68 grams per tonne gold from only 32m down-hole and 4m @ 4.3g/t gold from 44m, in areas that were previously anticipated to be barren of mineralisation.
Calidus Resources has kicked off a major drilling campaign at its Warrawoona gold project located near Marble Bar in WA's eastern Pilbara region, which is aimed at improving confidence in the existing mineral resources and expanding the mine-life beyond the initial six years. The work will be centred around the Klondyke open pit and underground resources, but will also include regional greenfields exploration at Klondyke West.
Calidus Resources has intersected high-grade gold with a bonanza hit of 1m @ 107.2g/t gold from 36m down-hole in a broader intersection of 13m @ 11.1g/t gold from 30m, during infill drilling at the Klondyke-St George shear-hosted deposits within its Warrawoona project, near Marble Bar, WA. The drilling campaign is aimed at upgrading mineral resources and proving up additional ore reserves to support the company's BFS.
Calidus Resources' PFS for its flagship Warrawoona gold project located near Marble Bar, WA, will churn out $61m per annum in free, pre-tax cashflows over an initial mine life of six years. Based on an AUD$1,800 per ounce gold price and production of about 100,000 ounces per year through a conventional 2Mtpa plant, the project has an estimated pre-tax NPV of $151m and an IRR of 40%, with payback in two years.
Calidus Resources has purchased two prospective exploration licences located adjacent to its flagship Warrawoona gold project near Marble Bar, WA, in a strategy to build on its existing resource base of 1.25 million ounces. The company also completed its 70% earn-in on a joint venture agreement with Novo Resources over certain Warrawoona tenements, by spending $2m spend over three years to obtain the stake holding.
Calidus Resources has generated encouraging infill drilling results that confirm the grade continuity of its Klondyke ore system at the Warrawoona gold project in the Pilbara region of WA ahead of next month's PFS. The company has also completed a surface trench sampling program over the Klondyke resource to establish the grade and thickness of gold mineralisation and support future mining operations.
Calidus Resources has generated high-grade gold assays from a regional aircore drilling campaign over conceptual exploratory targets on prospective shear zones at its Warrawoona gold project near Marble Bar, WA. Best results included 12m @ 2.37g/t gold from 52m down-hole and 4m @ 8.87g/t gold from 48m down-hole on the Klondyke-St George shear system, 5km west of the main Klondyke gold deposit.
Calidus Resources' recent IP survey has identified a strong chargeability anomaly similar to and located immediately to the south of the 1.15 million ounce Klondyke deposit at its Warrawoona gold project in the eastern Pilbara, WA. The company said the new parallel shear highlights the potential for further growth at the project and will be drill tested in the second half of this year.
Gold development company Calidus Resources has made substantial progress on its PFS for the flagship Warrawoona project in the eastern Pilbara region of WA, saying it on track to publish the study in July. Earlier this month, the company completed a placement of $2.16m at a premium to the market, which will provide it sufficient funding to complete the PFS in the nominated timeframe.
Calidus Resources has boosted its cash position by $2.16m, following a strategic placement with major backer Alkane Resources that will ensure the company completes its PFS for the Warrawoona gold project near Marble Bar, WA, during the next quarter. The company recently upgraded its mineral resources at the project by 75% to 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces.
Calidus Resources has completed a review confirming that wide, surface outcropping gold mineralisation will be available from the start of any potential open pit operation at its Warrawoona gold project in the Pilbara, WA. The company is progressing exploration drilling to define additional resources in the broader project area and expects to complete a pre-feasibility study in the September quarter of 2019.
Caldius Resources does not appear to be resting on its laurels after recently announcing a 1.25 million ounce gold resource in the Pilbara with the ASX junior this week kicking off a drill program to test new targets at its highly prospective Warrawoona project. The program will test three high-priority targets from soil geochemistry that showed the largely unexplored region is still rich with potential.
ASX-listed Calidus Resources has appointed Paul Brennan as its Chief Operating Officer to assist with the development of its flagship Warrawoona gold project in WA, which is moving towards the release of a pre-feasibility study in the third quarter of this year. The company is planning to start drilling of untested regional anomalies in the next two weeks.
Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres
Calidus Resources has boosted the global mineral resource estimate at its Warrawoona gold project in the Pilbara by 75% to 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces. The new mineral resources will underpin the company's ongoing PFS for the project, which is well underway and set for completion in the September quarter of this year.
Calidus Resources has confirmed that its existing 654,000 ounce Klondyke mineral resource still has legs, this week reporting significant depth extensions at the impressively mineralised gold deposit. All deep drill holes from the recent campaign returned mineralisation, peaking at 12.65 metres grading 3.25g/t gold from 253.3m down-hole. Others results were 6.97m @ 4.33g/t gold from 224m down-hole and 6.5m @ 3.43g/t from 207.8m down-hole - in separate holes.
