Make Kitco Your Homepage

Calidus says it will be Australia's next gold producer

Kitco News

Calidus Resources Limited (ASX: CAI) reported progress on its Warrawoona Gold Project in Western Australia’s Pilbara, saying the mine is 60% built.

The company's feasibility study estimated average gold production at 90,000 ounces per year at an all-in sustaining cost of $1,290. The company said the project is well on track to be Australia’s next gold producer.

Calidus Managing Director Dave Reeves said the first gold pour is two quarters away.

“Every element of our exploration, development and production strategy is proceeding to plan," said Reeves. “With only two complete quarters remaining to first gold production, works on site continue at pace on all work fronts."

“Concrete works are almost complete and the focus has turned to mechanical and structural installation, the highlight being the installation of the mill shell. In addition, we are very pleased to have signed the mining services agreement with Macmahon, which will mobilise in the new year to ensure we have sufficient ore stocks available at mill commissioning.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.