Calidus Announce Maiden Resource to underpin Nullagine Restart

Calidus Resources (ASX: CAI)

Announced a maiden JORC 2012 Mineral Resource at the Nullagine Gold Project of 6.9Mt at 2.15g/t Au for 475,114 ounces.

This includes Measured and Indicated Resources of 4.1Mt at 2.33g/t Au for 307,497 ounces, representing 65% of the total Resource. Continue reading

Calidus Resources Financial Restructure and Discounted Placing

Calidus Resources (ASX: CAI)

Announced that it has received firm commitments from institutional, sophisticated and professional investors for the placement of approximately 143.6 million new fully paid ordinary shares at an issue price of A$0.115 to raise approximately A$16.5m. Continue reading

Mining Review 17th March 2024

Mining Review 17th March 2024

News from Calidus Resources dominated the news this week, as they requested their stock be halted on the ASX, and then the ASX announced CAI was suspended from quotation.

The company announced a financial restructuring, which has some investors nervous about a potential downgrade of the stock upon its return to trading.

Continue reading

Calidus Announce A Potential Lithium Discovery

Calidus Resources (ASX: CAI)

Announced that assays have been received from the first soil sampling program for lithium on E45/2983, part of the Tabba Tabba South Project of Pirra Lithium Ltd.

Elevated concentrations of Li, and pathfinder elements Nb and Ta, have
highlighted a corridor of interest. Continue reading

Mining Review 14th January 2024

Mining Review 14th January 2024

Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicarague and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on additional exploration across their projects.

Calidus, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts. Continue reading

Mining Review 24th December 2023

Mining Review 24th December 2023

Two major announcements by companies on our watchlist list up a normally quiet final week before Christmas.

Galiano Gold acquired the other 45% of the Asanko mine in Ghana from their JV partner, and Calidus Resources announced a stunning deal to acquire the Nullagine mine and immediately lease out 80% of the camp for 10 years bringing in much needed cash to the company. Continue reading