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- Calidus Resources (CAI) has begun site works at its Warrawoona Gold Project in Western Australia’s Pilbara region
- Following the granting of two permits, Calidus has begun earthworks at the main processing plant area
- Calidus is now waiting on a works approval from the Department of Water and Environmental Regulation, which is expected this quarter
- Simultaneously, Calidus is in the process of completing an integration study on its nearby Blue Spec gold deposit
- This study will assess the economics of mining at Blue Spec and transporting the ore to Warrawoona
- Shares is Calidus are steady on the market and are trading at 40.5 cents
Calidus Resources (CAI) has begun site works at its Warrawoona Gold Project in Western Australia’s Pilbara region.
Warrawoona lies 25 kilometres from Marble Bar and covers 780 square kilometres in the Warrawoona Greenstone Belt.
Following the granting of permits by the WA State Department of Mines, Industry Regulation and Safety, and the Commonwealth Department of Agriculture Water and Environment, Calidus has begun earthworks at the main processing plant.
Calidus is now waiting on a works approval from the Department of Water and Environmental Regulation which is expected this quarter.
Work will increase over the coming months and include constructing a tails dam for open pit mining, which is scheduled to begin in the September quarter.
Simultaneously, Calidus is in the process of completing an integration study on its nearby Blue Spec gold deposit.
This study will assess the economics of mining at Blue Spec and transporting the ore to Warrawoona.
“The countdown to production at Warrawoona has now begun. Construction of Warrawoona is fully-funded and we are on schedule to pour our first gold as planned in the first half of 2022,” Managing Director Dave Reeves said.
“The inclusion of Blue Spec will enable us to leverage the Warrawoona infrastructure significantly, raising the potential for increased production and financial returns,” he added.
Shares is Calidus are steady and are trading at 40.5 cents at 1:46 pm AEDT.
