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

Calidus Enhances Cash Position and Production Upside With Purchase of Nullagine Gold Project

Calidus Resources (ASX:CAI)

Anounced that it has agreed to acquire the Nullagine Gold Project in the Pilbara from Novo Resources Corp. (ASX:NVO).

Calidus has also agreed to licence the use of the Nullagine camp infrastructure to Atlas Iron Pty Ltd. for $14m upfront consideration. Continue reading

Mining Review 17th December 2023

Mining Review 17th December 2023

i-80 Gold Corp. released positive results from Granite Creek in a week with little news otherwise, as the conference season is over and focus turns to Christmas.

Confusing messages for the FED have kept down the price of gold just as it looked to be ready to take off, and some stocks have given back some of their recent gains. Continue reading

Calidus Appoints Experienced Mining Operations Specialist as COO

Calidus Resources (ASX: CAI)

Announced the appointment of Richard McLeod as Chief Operating Officer.

Mr McLeod’s experience will be invaluable as he helps drive the operational performance of the Warrawoona Gold Project, helping Calidus achieve its production target of 100,000 oz pa by CY2025.

Continue reading

Mining Review 5th November 2023

Mining Review 5th November 2023

Gold popped back up close to the US$2,000 level, on fear of a rout in bonds.

Ascot Resources reported a high grade gold intercept, the best for 8 years near their Premier Mine, i-80 Gold reported operating results, Eloro completed some metallurgical testing, and Calidus and SQM started exploring for lithium at Tabba Tabba. Continue reading

Calidus-SQM lithium JV explores Tabba Tabba Shear

Calidus Resources (ASX:CAI)

Announced completion of the first soil sampling program for lithium on E45/2983, part of the Tabba Tabba South Project of Pirra Lithium.

On completion of the recently announced transaction, Pirra will be owned 40% by Calidus, 40% by SQM Australia Pty Ltd , and 20% by Haoma Mining NL. Continue reading

Monthly Market Review Published for October 2023

Market Review October 2023

The City Investors Circle Market review is out, and features comments on the price of gold, and why it’s not lifting the share price of mining companies.

The review features Nevada King Gold, Calidus Resources, Lithium Power Intl., and has a feature on stock promotion and recent examples.  Continue reading

Calidus Announce Bulletin Resource of 111,000oz at 4.1g/t Au

Calidus Resources (ASX: CAI)

Announced a maiden Inferred Mineral Resource of 832,000t at 4.1g/t Au for 111,000oz at the Bulletin deposit.

Bulletin sits within the Bamboo Creek historical mining centre that previously produced 220,000oz at 8.7g/t. Bulletin lies within 60 km trucking distance to Warrawoona mill. Continue reading