https://www.miningweekly.com
Exploration|Gold|PROJECT|Resources|Infrastructure
Exploration|Gold|PROJECT|Resources|Infrastructure
exploration|gold|project|resources|infrastructure

Blue Spec gives life to Calidus' sulphide plans

29th September 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold junior Calidus Resources on Thursday announced a maiden reserve for the Blue Spec satellite deposit, at its Warrawoona project, in Western Australia, which could support the planned Stage 2 sulphide plant.

Calidus has announced a maiden reserve of 83 000 oz at the Blue Spec deposit, which, combined with the 17 000 oz reserve at the Copenhagen deposit, will provide a combined 100 000 oz reserve that will be treated at the proposed sulphide plant.

The sulphide processing plant which will be known as the Warrawoona Stage 2 expansion, will initially treat Copenhagen and Blue Spec ore for a combined seven years, with additional feed possible from the Coronation satellite pit at Warrawoona and other exploration targets.

Calidus told shareholders that the announcement of a maiden reserve for Blue Spec would allow the company to advance the sulphide plant project towards a final investment decision by mid-2023.

“This maiden reserve for Blue Spec shows we have a clear pathway to growing production at Warrawoona to 140 000 oz/y, increasing free cashflow significantly and enabling us to leverage existing infrastructure,” said Calidus MD Dave Reeves.

“Our growth strategy is now underpinned by reserves of 600 000 oz in a tier-one location, with a strategically located operational hub and exceptional team.

“Calidus is in an enviable position with a solid foundation of production and a strong growth pipeline based on a substantial reserve base and significant scope for further increases in mine life through organic and inorganic growth.”

Edited by Creamer Media Reporter

Comments

Latest News

The integration of Alamos' Island Gold mine (pictured) and Argonaut's Magino mine will create synergies of $515-million.
Alamos buys rival Argonaut
27th March 2024 By: Mariaan Webb

Showroom

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.065 0.098s - 92pq - 2rq
Subscribe Now