- Calidus Resources (CAI) progresses construction with the installation of a mill at its Warrawoona Gold Project in WA’s Pilbara region
- With the SAG mill shell finalised, the company says construction at the project is 60 per cent complete and all other areas are reportedly progressing well
- Calidus has signed a mining services agreement with ASX-listed Macmahon Holdings (MAH), which has undertaken the project’s early civil works, to cover all open-pit mining
- First production is penned for the 2022 June quarter
- Shares have been trading grey at 56 cents at 12pm AEST
Calidus Resources (CAI) has made progress towards first production at its Warrawoona Gold Project in WA’s Pilbara region, following installation of a mill.
With the SAG mill shell finalised, the company said it’s well on track to becoming Australia’s next gold producer, with construction of the project now 60 per cent complete and all other areas reportedly progressing well.
Managing Director Dave Reeves said the concrete works are almost complete and the company’s focus has turned to mechanical and structural installation.
“Every element of our exploration, development and production strategy is proceeding to plan.”
“With only two complete quarters remaining to first gold production, works on site continue at pace on all work fronts.”
Mill commissioning is imminent and Calidus has announced it has signed a mining services agreement with ASX-listed Macmahon Holdings (MAH), which has undertaken the project’s early civil works, to cover all open pit mining until 2026.
The company is scheduled to mobilise in the new year, to ensure sufficient ore stocks are available at mill commissioning.
First production is set for the 2022 June quarter with production forecast at 105,000 tonnes per year and potential to increase to 139,000 tonnes.
Shares were trading grey at 56 cents at 12pm AEST.