Calidus Resources (ASX: CAI)
Provided a further update in relation to the upcoming General Meeting and Share Purchase Plan which was first announced on 22 March 2024 titled ‘Restructure positions Calidus for strong growth in cashflow’. Continue reading
City Investors Circle
The Market Review for March 2024 has been published.
The company highlight features Galiano Gold, and companies reporting significant news were Calidus Resources, Karora Resources, and Orla Mining. Continue reading
Calidus Resources (ASX: CAI)
Announced that their subsidiary company Keras (Pilbara) Gold Pty Ltd has signed a contract with RocketDNA for their “drone in a box” solution. Continue reading
Calidus Resources (ASX: CAI)
Calidus announced an increased shareholding by two UK funds, following the recent capital restructure and financing. Continue reading
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
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.
Calidus Resources (ASX: CAI)
the ASX announced that pending the release of an announcement regarding the restructure of CAI’s debt and hedge book with its financier and a capital raising. Continue reading
Calidus Resources (ASX: CAI)
The stock has been halted from trading on the ASX at the request of the company pending an announcement. Continue reading
Mining Update 25th February 2024
Calibre Mining achieves the high-end of production guidance in 2023.
Cabral Gold, Karora resources, and Orla Mining all reported excellent drill results. Continue reading
Calidus Resources (ASX: CAI)
Announced an updated Mineral Resource estimate for the Bulletin deposit of 784,000t at 4.0g/t Au for 100,000oz.
Importantly, this includes a maiden Indicated Resource of 429,000t at 4.3g/t Au for 59,000oz. Continue reading
Calidus Resources (ASX: CAI)
Reporte exceptional final drill results from 14 holes of a 24 hole RC programme at the high-grade Bulletin deposit, where mining is planned to commence later this calendar year and processed through the Warrawoona Mill. Continue reading
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
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
Calidus Resources (ASX:CAI)
Reported outstanding initial drill results from 10 holes of a 24 hole RC programme at the high-grade Bulletin deposit, where mining is planned to commence later this year and processed through the Warrawoona mill.
RC drill results included 14m @ 8.58g/t from 50m. Continue reading
Calidus Resources (ASX: CAI)
Advised the market that a bushfire caused by dry lightning has burnt out a 2km section of bore pipeline that feeds water to the Warrawoona processing plant.
As a result of the fire, the mill will be shut down for an estimated three days whilst an initial repair is made to the pipeline. Continue reading
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 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
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 Resources (ASX: CAI)
Reported that it has executed a Binding Profit Share Agreement with Haoma Mining NL covering the Blue Bar Deposit.
As a result, the Calidus Board has approved the development of the Blue Bar Project. Continue reading
Mining Review 12th November 2023
The discovery of the week was the American Creek JV which reported finding a new gold system at Treaty Creek, British Columbia.
Karora Resources reported strong Q3 financial results, and i-80 Gold signed a term sheet for the JV of Ruby Hill. Continue reading
