Calidus Resources (ASX: CAI)
The Receivers and Administrators have confirmed that former CEO David Reeves is no longer an employee of the company, but remains a director for now. Continue reading
Tag Archives: Calidus Resources
Calidus Resources now Owned by Mark Creasy
Calidus Resources
Mark Creasy, the famous Australian mining entrepaneur is the new owner of Calidus Resources, being the only bidder for the company in admininstration. Continue reading
Calidus Resources Creditors Meeting delayed
Calidus Resourses (ASX: CAI)
The Voluntary Administrators* of Calidus Resources have obtained a court order to postpone the second creditors meeting of Calidus and Calidus Group entities as detailed below by a period of up to six months until 4 February 2025. Continue reading
Mining Review 14th July 2024
Mining Review 14th July 2024
A disastrous week for Calidus Resources shareholders as the mine is put into care and maintenance, and all looks lost for investors.
Victoria Gold is holding its own despite having two million tons of leach pad strewn around the bottom of a mountain in the Yukon. Continue reading
Calidus Resources Warrawoona mine on C & M
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. Continue reading
Calidus Suspended and Administrators Appointed
Calidus Resources (ASX: CAI)
Reported the shocking news that their shares have been suspended by the ASX, and Administrators have been appointed.
Mining is continuing currently. Continue reading
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
Mining Review 5th May 2024
Mining Review 5th May 2024
Calidus Resources had to double the amount of shares on offer in their retail share offer to A$6 million due to investor demand.
Capricorn Metals and West red Lake Gold Mines both released positive updates. Continue reading
Calidus Doubles Share Purchase Plan to A$6m
Calidus Resources (ASX: CAI)
Announced an update regarding the increase in the maximum size of its Share Purchase Plan (SPP), doubling it from A$3 million to A$6 million.
This increase will allow for the issue of up to 52,173,913 shares and 26,086,957 options, due to investor demand. Continue reading
Calidus Resources positioned for a strong H2 FY2024
Calidus Resources (ASX: CAI)
Reported on its activities at the 100% owned Warrawoona Gold Project for the March 2024 quarter.
Production totalled 15,118 ounces of gold in the March 2024 quarter (26% increase on the December quarter) at an AISC of A$2,429/oz. Continue reading
Calidus Resources GM & Share Purchase Plan
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
Market Review for March 2024 Published
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 Employ AI and Drone Technology
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 Investment by UK Funds
Calidus Resources (ASX: CAI)
Calidus announced an increased shareholding by two UK funds, following the recent capital restructure and financing. 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.
Calidus Resources Suspended from Quotation
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 Stock Halted
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
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 Maiden Resource at Bulletin Underpins Production
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