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As it marches towards production start-up at the rapidly developing $120 million Warrawoona gold mine in WA's East Pilbara, ASX-listed Calidus Resources has identified a veritable treasure trove of regional gold targets as part of a strategy to accelerate exploration work over the company's Pilbara tenure in parallel with the project build.

ASX-listed Calidus Resources has increased the underground ore reserves component of its planned $120 million Warrawoona mine in WA's East Pilbara as part of the budding gold producer's just-released definitive feasibility study on the project. The DFS showed free cash flows after tax of $447 million or $53.85 million a year and an average EBITDA of $110 million per annum over an initial mine life of 8.3 years.

Calidus Resources continues to gain momentum in its run up to gold production in the Pilbara, securing ownership of a further 219,000-ounces of high-grade gold resources from the Blue Spec mine north of Nullagine in WA just 70km south east of the company's developing Warrawoona gold project. Blue Spec's in-ground resource comes at a stunning grade of 16.3 g/t gold.

ASX-listed Calidus Resources has started early capital works at its planned $116 million Warrawoona mine about 25km south-east of Marble Bar in WA's East Pilbara. The company says it has now locked in the preferred major mining and engineering contractors for the project that is expected to turn out free cash flows of $58.5 million a year against all-in sustaining costs to produce each ounce of gold of just $1,250.

ASX-listed gold developer, Calidus Resources, has cleared the critical final ministerial environmental approval hurdle for its planned $116 million Warrawoona mine 20km south-east of Marble Bar in WA's East Pilbara region. The company is now progressing debt financing negotiations and says it has plenty of interest from debt providers as it looks to short-list potential lenders next month ahead of the project's definitive feasibility study being tabled.

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.

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' 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 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.

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.

Calidus Resources has had further success with its infill and extensional resource drilling program at the Warrawoona gold project in the Pilbara. Encouraging intersections up to 6m @ 7.61g/t gold from 16m down-hole were returned from the St George Shear prospect, whilst results including 2m @ 20.84g/t gold from 88m down-hole and 6m @ 3.82g/t gold from 93m down-hole extended the Klondyke East prospect to over 600m of strike.

Calidus Resources has executed a definitive agreement with TSX-V listed Pacton Gold Inc, to vend its non-core conglomerate gold rights at the Warrawoona gold project for 7 million Pacton shares. Calidus will retain all other gold rights to the ground. The deal covers 8 exploration licences and allows Pacton to explore and mine for conglomerate gold, with liability for rehabilitation and environmental obligations, whilst Calidus retains title to the tenements.

Calidus Resources has raised $3.7m in funds to underpin resource development activities and complete the feasibility studies for its flagship Warrawoona gold project, located near Marble Bar in the eastern Pilbara region of WA. The company describes the deal as a strategic technical alliance between the companies, where Calidus can leverage Alkane's experience and costing assumptions from its operating Tomingley open pit gold mine in NSW.

Calidus Resources has intersected wide zones of high grade gold at its Coronation prospect, 12km west of its flagship Klondyke resource in the east Pilbara. Results include a 10m intersection grading 4.69g/t gold from 57m and 5m @ 4.48g/t gold from 35m down-hole. The company's drill rigs are going flat out at the Warrawoona gold project, targeting ore extensions both down-dip and along strike.