Join our daily newsletter At The Bell to receive exclusive market insights
- Calidus Resources (CAI) commences continuous ore processing at its new Warrawoona gold mine in WA’s Pilbara region
- Processing of low-grade ore is under way and will transition to run-of-mine ore over the coming week as operations move to steady state
- With the commencement of processing, gold in circuit has started to build, with the first gold pour at Warrawoona expected within two weeks
- Production is scheduled to ramp up to about 90,000 ounces per annum (ozpa) in stage one, rising to 130,000 ozpa during the second stage
- CAI shares down 2.94 per cent to 99 cents
Calidus Resources (CAI) has commenced continuous ore processing at its Warrawoona gold project in Western Australia’s Pilbara region.
The company said processing of low-grade ore was under way and would transition to run-of-mine ore over the coming week as operations reach steady state.
With the commencement of processing, gold in circuit has started to build and Calidus expects to pour the new mine’s first gold within two weeks.
Managing Director Dave Reeves said despite challenges faced by the company due to COVID-19 restrictions, the Warrawoona project development had been delivered on time and on budget.
“The start of continuous processing operations less than five years since our debut on the ASX is a major achievement in the life of Calidus and is the result of an outstanding performance by all our team and contractors,” he said.
“As Warrawoona completes successful commissioning and transitions into steady state operations, Calidus is well positioned for future growth and delivering strong shareholder returns.”
Gold production at Warrawoona was scheduled to ramp up to an annualised rate of about 90,000 ounces per annum (ozpa) in stage one, increasing to 130,000 ozpa during the second stage.
CAI shares were down 2.94 per cent to 99 cents at 10:57 am AEST.
