Calidus Resources Limited (ASX: CAI)

Announced that continuous ore processing has commenced at its 100 per cent owned Warrawoona Gold Project in the Pilbara of Western Australia.

Processing of low-grade ore is underway and will transition to run-of-mine ore over the
coming week as operations move to steady state.  […] 

 

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Calidus Resources	ASX: CAI
Stage	Development, exploration
Metals	Gold, lithium
Market Cap	A$410 m  @ A$1.02
Location	Pilbara, Western Australia

 

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Calidus Resources commences ore processing at Warrawoona

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Major milestone heralds the start of a new chapter of growth for Calidus

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Calidus Resources Limited (ASX:CAI) is pleased to announce that continuous ore
processing has commenced at its 100 per cent owned Warrawoona Gold Project in the
Pilbara of Western Australia.

Processing of low-grade ore is underway and will transition to run-of-mine ore over the
coming week as operations move to steady state.

With the commencement of processing, gold in circuit has started to build, with the first gold pour expected within two weeks. Production is scheduled to ramp up to ~90,0000oz a year in Stage One.

 

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Calidus Resources management comments

“The start of continuous processing operations less than five years since our debut on the ASX is a major achievement in the life of Calidus and is the result of an outstanding
performance by all our team and contractors.

 

“Despite the challenges faced in our industry during the Covid pandemic, we are pleased to have delivered Warrawoona on time and on budget.

“As Warrawoona completes successful commissioning and transitions into steady state operations, Calidus is well positioned for future growth and delivering strong
shareholder returns.”

“We look forward to becoming Western Australia’s next gold producer.”

Calidus Resources Managing Director Dave Reeves

 

To read the full news release, please click HERE

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Disclosure,

The author holds shares in Calidus Resources, bought in the market at the prevailing price on the days of purchase.

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