Calidus Resources (ASX: CAI)
A transition to care and maintenance for the Warrawoona Gold Mine will be undertaken over a period of three weeks, pursuant to a detailed plan to ensure that value is preserved in all of the Group’s fixed assets.
.
Calidus Resources Warrawoona mine
ASX announcement
Calidus Resources Limited (Receivers and Managers Appointed) (Administrators Appointed)
ASX code: CAI
We refer to the appointment of Receivers and Managers to the below entities,
• Calidus Resources Limited (ACN 006 640 553 )
• Keras (Pilbara) Gold Pty Ltd (ACN 169 795 037)
• Calidus Blue Spec Pty Ltd (ACN 643 467 501)
(all Receivers and Managers Appointed and Administrators Appointed)
(collectively ‘the Group’)
The appointment of the Receivers and Managers was made in response to the board of directors ecision to appoint Hayden White and Daniel Woodhouse of FTI Consulting as Voluntary Administrators to the Group on 28 June 2024.
The Receivers and Managers have undertaken an assessment of the operations and will be transitioning the Warrawoona operations into care and maintenance.
A campaign processing run will be undertaken over the next 12 days to process ROM stock.
The transition to care and maintenance will be undertaken over a period of three weeks, pursuant to a detailed plan to ensure that value is preserved in all of the Group’s fixed assets.
In parallel to the care and maintenance plan, the dual-track recapitalisation and sale process for the Group has been commenced.
Parties interested in participating in the recapitalisation and sale process should contact the Receivers and Managers at bbarley@kordamentha.com
.
——-
.
To read the full news release, please click HERE
.
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.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
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.
.
Disclosure
At the time of writing the author holds shares in Calidus Resources.
.