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Tag Archives: Calidus Resources
Mining Review 17th September 2023
Mining Review 17th September 2023
We initiated coverage of West Red Lake Gold Mines, new owners of the Madsen Mine, formerly owned by Pure Gold Mining, which went into administration, and subsequently delisted from the TSX.V and AIM markets.
Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week. Continue reading
Calidus’ Blue Spec Approval to Boost Output
Calidus Resources (ASX:CAI)
Has received all the Environmental Permits needed for it to start mining the high-grade Blue Spec Gold Project in WA’s Pilbara.
Blue Spec is a high-grade underground project located within trucking distance of the
Warrawoona Gold Project. Continue reading
Mining Review 20th August 2023
Mining Review 20th August 2023
A poor week for the mining juniors, with the price of gold falling due to anticipation of further FED rate increases, causing a strong US dollar.
Karora Resources reported record production sales and revue, and Newcore Gold and Silver Tiger reporting good drill results. Continue reading
Calidus Resources Interview at Diggers 2023
Calidus Resources (ASX: CAI)
MD Dave Reeves was interviewed during the Kalgoorlie Diggers and Dealers 2023 mining conference.
He highlighted the progress the company has made and is making. Continue reading
Market Review July 2023 Published
Market Review July 2023 Published
Companies mentioned this month include Cabral Gold, Calidus Resources, Cornish Metals, Impact Minerals, Karora Resources, and Neometals.
We discuss why gold is holding strong despite the recent US rate hike. Continue reading
Mining Review 30th July 2023
Mining Review 30th July 2023
The week was noteworthy because of the strange story of Goldshore, the 43-101 comments acidentally uploaded to SEDAR, and the ‘disappearing’ of Moss Lake.
Other companies releasing news included Impact Minerals, Calidus Resources, Cornish Metals, and Karora Resources. Continue reading
Calidus Meets Production Guidance
Calidus Resources (ASX: CAI)
Announced improved results for the June Quarter, meeting production and cost guidance.
FY24 guidance is 65,000 – 75,000 Oz gold at an AIS|C of A$1,900 to A$2,100.
Calidus Resources Noosa Presentation
Calidus Resources (ASX: CAI)
Have produced an updated presentation for the Noosa Mining Conference in Australia.
Calidus are improving production rates and striving to lower AISC at their Warrawoona producing gold mine in Western Australia. Continue reading
Calidus’ Felix discovery Has potential to supply Warrawoona
Calidus Resources (ASX: CAI)
Announced more strong drilling results at its Felix gold discovery in the Pilbara.
The results support Calidus’ strategy to grow the inventory, production and mine life at
its Warrawoona Gold Project. Continue reading
Mining Review 9th July 2023
Mining Review 9th July 2023
Another lacklustre week, for want of a better adjective, there’s simply no excitement in the junior mining sector at the moment.
Scotgold was the subject of a reprimand to the BBC after it was described in an interview as having dicovered a new vein, when in fact they hadn’t. Continue reading
Calidus Announce Record Gold Production
Calidus Resources (ASX: CAI)
Reported record quarterly gold production at Warrawoona of 16,177 ounces.
The strong result means Calidus has met its guidance for the six months to 30 June
2023 of 31,000 – 36,000oz by producing 31,364oz. Continue reading
Mining Review 2nd July 2023
Mining Review 2nd July 2023
Lithium mining in the UK is in its infancy, yet one of the two companies involved is in financial trouble, and the other has just ceded 80% to a French company, Inversys.
Calidus Resources and Cornish Lithium posted news this week, the price of gold dropped back a tad. Continue reading
Calidus Signs an Agreement With Haoma
Calidus Resources (ASX: CAI)
Has signed a binding framework agreement which gives Calidus an exclusive right to negotiate binding agreements for access to all Haoma’s gold tenements, deposits and stockpiles across the East Pilbara on the basis of a 60:40 profit share (Calidus:Haoma). Continue reading
Mining Review 11th June
Mining Review 11th June 2023
Wesdome Gold Mines confirmed they have suspended activities at their Kiena mine due to the wildfires raging in Canada. Calidus Resources, Maple Gold, Orla Mining and O3 Mining all reported news.
Gold held steady despite more FED rate rise speculation. Continue reading
Calidus Completes Securities Purchase Plan
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Calidus Resources (ASX: CAI)
Announced the successful completion of its Share Purchase Plan, which closed at 5:00pm (AWST) on Tuesday, 30 May 2023.
The Company received valid applications from 162 Eligible Shareholders for 8,361,994 new fully paid ordinary shares.
Mining Review 21st May 2023
Mining Review 21st May 2023
Neometals and Calidus Resources published positive updates in a week devoid of news of substance.
Most metals also had a poor week, but lithium rose strongly and looks to be on the way back up after a terrible year so far. Continue reading
Calidus Resources Publishes a New Corporate Presentation
Calidus Resources (ASX: CAI)
Has published an updated corporate update for a recent mining conference in Australia.
Calidus is recovering from early production teething problems at ther Warrawoona mine in Western Australia. Continue reading
April 2023 Market Review Published
City Investors Circle – London
The April 2023 Market Review has been published.
Companies mentioned include Argosy Minerals, Calidus Resources, Gold Road Resources, i-80 Gold, and Karora Resources. Continue reading
Mining Review 23rd April 2023
Mining Review 23rd April 2023
Calidus Resources, Colonial Coal, and Lithium Power Intl. all made positive news this week.
We initiated coverage of Goldshore Resources, after a positive London presentation. Continue reading