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
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.
Calidus Resources (ASX:CAI)
Announced strong assay results which reveal a high-grade zone within the recent Felix discovery at the Blue Spec project.
High-priority assays from the first two holes were reported to the ASX on 28 November
2022, “New gold discovery 65km from Warrawoona project in the Pilbara” Continue reading
Mining Review 15th January 2023
The big news this week is the rise in the copper and gold prices, 8.16% and 2.89% respectively.
Calidus Resources, Gold Road Resources, Karora Resources, Neometals, UEC, and Westhaven Gold all reported positive news this week. Continue reading
Calidus Resources (ASX: CAI) is pleased to declare commercial production at the Warrawoona Gold Project. The processing plant is now operating at nameplate capacity.
A total of 191,000t @ 0.85g/t was processed in December with 5,053 ozs of gold produced. Continue reading
Mining Review 18th December 2022
Panama was the focus of the mining world this week as the government of that Central American country withdrew the mining licence for the El Cobre copper mine after failing to come to an agreement with owner First Quantum Minerals.
Ascot Resources, Calidus Resources, Cornish Metals, and Maple Gold Mines all made news this week. Continue reading
Calidus Resources (ASX: CAI)
MD David Reeves presented an upbeat update on the company’s progress to work through their initial teething problems at the Warrawoona Gold Mine, in the Pilbara, Western Australia.
The proposed Pirra Lithium spin out was also discussed briefly. Continue reading
Mining Review 4th December 2022
London mining week wasn’t as busy as previous years and there wasn’t a ‘buzz’ this year, but companies still came.
American Creek, Calidus Resources, and Rokmaster Resources made news this week. Continue reading
Calidus Resources (ASX: CAI)
Announced the results of the maiden drilling program at Pirra Lithium’s Spear Hill discovery located in the Pilbara region of Western Australia. Pirra Lithium is owned equally by Calidus and Haoma Mining NL1..
The initial drill program comprised 20 holes for 1,535m. The program tested an exposed
pegmatite that has yielded rock-chip assays of 0.66%–2.34% Li2O2. Continue reading
CIC Market Review October 2022
The October 2022 City Investors Circle Market Review has just been published.
It features i-80 Gold, Karora Resources, Calidus Resources, Nouveau Monde Graphite, Pure Gold Mining, and Gold Road Resources. Continue reading
Mining Review 16th October 2022
An horrific week for precious metals with gold down 3.2%, silver a whopping 9.49%, and palladium 8.51%.
Karora Resources recorded record production, whereas Calidus Resources and Wesdome Gold disappointed the market and their share prices responded accordingly. Continue reading
Calidus Resources (ASX: CAI)
Reported on the significant progress that has been made at the Warrawoona Gold Project during the September quarter.
The ramp-up towards steady state production at WGP continued during the period, with the 2.4M tpa processing plant achieving nameplate capacity and the LNG power station commissioned and fully integrated into operations. Continue reading
Mining Review Sunday Update 22nd Oct.
Another roller coaster week on the markets ends with a little boost for the price of gold and some mining stocks rising a little at the end of the week. Is this a dead cat bounce? We shall soon find out.
Cyprium Metals published a disappointing news update, but positive announcements were made by Calidus Resources, Rokmaster Resources, and Silver Tiger Metals. Continue reading
City Investors Circle
Have published the Market Review for September 2022.
Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold. Continue reading
Calidus Resources Limited (ASX: CAI)
Announced a maiden Reserve for Blue Spec that allows the Company to advance the Sulphide Plant Project towards a Final Investment Decision in mid-2023.
The results of the FS supports the Blue Spec and Copenhagen Reserves, shows that the integration of these high-grade satellite deposits into the operating Warrawoona gold project will generate a significant increase in production and operational cashflow for modest additional capex. Continue reading
Calidus Resources (ASX:CAI)
Announced the Company has received firm commitments to raise $20 million (before costs) via a share placement to professional and sophisticated investors through the issue of 29,850,747 shares at a price of $0.67 per share. Continue reading
Mining Review 14th August 2022
A busy week for news in the mining space, and gold pushed back to finish the week at US$1805 Oz.
Wiluna Mining made the headlines for the wrong reasons, whereas Calidus Resources, Impact Minerals, Orla Mining, and UEC made news for diverse positive reasons. Continue reading
Calidus Resources (ASX: CAI)
The stock has been halted pending an announcement.
It has been reported in the Australian media that Calidus are looking to raise up to A$20 million, at 67 cents, for around a 7.3% dilution. Continue reading
Mining Review Sunday Update 7th July 2022
A couple of disasters have unfolded, with the fall into administration of Wiluna Mining just after raising A$40 million, and Pure Gold Mining falling.
Cabral Gold and Calidus Resources reported good drill intercepts, and UEC made a proposal to the US government. Continue reading
Calidus Resources Ltd. (ASX:CAI)
Announced the results of a soil sampling program conducted in June and July 2022, which resulted in some compelling gold anomalies.
A total of 1,115 samples were collected over three areas on E46/1026: a main zone on a 200 x 40 m grid and two smaller areas on 100 x 50 m grids. Continue reading
