Calidus Resources (ASX: CAI)
MD David Reeves presented an upbeat update on the company’s progress to work through their initial teething problems at the Warrawoona Gold Mine, in the Pilbara, Western Australia.
The proposed Pirra Lithium spin out was also discussed briefly.
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Calidus Resources – Blue Spec Project 20 km from their Warrawoona Gold Mine.
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| Calidus Resources | ASX: CAI |
| Stage | Production, exploration |
| Metals | Gold, lithium |
| Market Cap | A$174 m @ A$0.39 |
| Location | Pilbara, Western Australia |
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Calidus Resources Webinar was an Upbeat Presentation
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Calidus Resources (ASX: CAI) MD David Reeves presented an upbeat update on the company’s progress to work through their initial teething problems at the Warrawoona Gold Mine, in the Pilbara, Western Australia.
One large issue currently being solved is the lack of water, where four wells being bored to solve the issue on a permanent basis.
An amended mine plan is also being implemented, which results in the same amount of ounces but shortens the life of mine by ten percent.
The proposed Pirra Lithium spin out was also discussed briefly.
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The webinar can be viewed here (Registration required)
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
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Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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.Disclosure
At the time of writing the author holds shares in Calidus Resources, bought in the market at the prevailing price on the days of purchase.
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