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
Tag Archives: Calidus Resources
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
Calidus Resources Raises A$23 M
Calidus Resources (ASX: CAI)
Announced that it has received firm commitments for a $23 million share placement to professional, sophisticated and institutional investors through the issue of approximately 109.8 million shares at a price of $0.21 per share. Continue reading
Mining Review 16th April 2023
Mining Review 16th April 2023
Karora Resources and Calidus Resources both announced good news this week.
With the exception of gold, the other PM prices had a good week, and lithium continued it’s downward trajectory. Continue reading
Calidus Announce a Record 16,000 Oz Gold Sold
Calidus Resources (ASX: CAI)
Announced a record 16,000 ounces of gold sold in the March Quarter.
The company continues to improve production as mine start issues are ironed out, and guided that production is now on track. Continue reading
Mining Review 12th March 2023
Mining Review 12th March 2023
The PDAC organisers said it had a “bullish feel to it”, well no change there then, it nearly always does!
Calidus Resources, Karora Resources, Neometals and UEC all reported good news this week. Continue reading
Calidus Warrawoona Gold Mine Record Production in February
Calidus Resources (ASX:CAI)
Provided an update on operations at its Warrawoona Gold Project in February 2023.
A total of 182,000 tonnes of ore at a reconciled grade of 0.89 g/t was processed with 5,005 ounces of gold recovered. This equates to 180 ounces per day or 66,000 ounces annualised. Continue reading
Calidus Drilling Shows growth opportunities at Blue Spec East
Calidus Resources (ASX:CAI)
Announced further drilling results which support its strategy to grow the inventory, production and mine life at its Warrawoona Gold Project.
The growth strategy involves the definition and development of gold deposits within trucking distance of Warrawoona. Continue reading
Calidus Delivers Strong Production in January
Calidus Resources (ASX:CAI) is pleased to provide an update of the performance of the Warrawoona Gold Project (WGP) for the month of January 2023.
A total of 195 kt of ore at a grade of 0.88g/t was processed with 5,210 ozs of gold
recovered. Monthly gold production has been steadily increasing over the last four months. Continue reading
Calidus Report Improved Results, But Disappoint
Calidus Resources (ASX: CAI)
Reported improved results from the last quarter, but the market was disappointed and the stock fell 25% afterwards.
The main issue is the AISC of around AUS$2,000 – 2,200, much higher than we’d like to see, but still well below the price of gold in AUS$ of around AUS$2,800. Continue reading
Mining Review 22nd January 2023
Mining Review 22nd January 2023
Copper is up as once again supply concerns emerge as more protests erupt in Peru, constraining production in the second largest exporting country.
Ascot Resources, Calidus Resources, Impact Minerals, Minera Alamos, Orla Mining, and TriStar Gold made news this week.