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Company News
Calidus Resources shines with record gold production at Warrawoona
Gold producer Calidus Resources (ASX: CAI) has just reported its best quarter of production from the Warrawoona mine in Western Australia’s Pilbara region. Shares in the company jumped by as much as 16.6% on the news. Calidus today reported March quarter production of 15,118 ounces of gold, up from 11,980oz in the December quarter. That […]
Calidus Resources joined by global lithium powerhouse SQM in developing Pirra project
Calidus Resources (ASX: CAI) has welcomed the news that international lithium major SQM is set to provide significant new funding to advance the Pirra lithium project in Western Australia. SQM, one of the largest producers of lithium carbonate in the world, is acquiring a 30% interest in the Pirra project operator, Pirra Lithium Ltd, from […]
Australian explorers rush to join Canada’s lithium boom
The call of Canada is being heard clearly by Australian lithium hopefuls, with some of the best-known names from the Aussie mining boom heading north to ride a wave driven by the US Government’s trade protection policies. Ken Brinsden, the key man in growing Pilbara Minerals (ASX: PLS) from penny dreadful to $13 billion member […]
Calidus Resources vs Capricorn Metals: a tale of two miners
Gold’s 10% fall over the past three months has rubbed some of the gloss off the metal, but not the investment case of an emerging producer as this tale of two miners demonstrates. In Capricorn Metals (ASX: CMM) versus Calidus Resources (ASX: CAI) a number of interesting parallels (and one disconnection) can be seen with […]
Gold’s divided market, sliding majors and rising juniors
Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high, but it’s a different story at the small end of the game where exploration success is the key to share price movement. The difference between producers and explorers […]
Gold outshines battery metals at Diggers & Dealers with bullish outlook, despite cautions
While the overarching theme at Diggers & Dealers was battery metals last year, gold outshone other commodities with the metal’s price commanding all-time highs and analysts and miners alike forecasting more rises. Analysts such as Martin Place Securities executive chairman Barry Dawes and economist Jim Rickards are incredibly bullish on the metal’s outlook, with Mr […]
Calidus Resources’ Warrawoona project continues giving up high-grade gold
Further drilling at Calidus Resources’ (ASX: CAI) advanced Warrawoona gold project in the Pilbara has pulled up numerous gold intersections including a 1m interval grading 107.16 grams per tonne gold. Calidus has now received the remaining results from its 42-hole reverse circulation drilling campaign, which tested the proposed Klondyke and St George open pits, a […]
Calidus grows gold resource inventory at Warrawoona by 75%
Calidus Resources (ASX: CAI) has grown its resource inventory by 75% to 1.25 million ounces at its Warrawoona gold project in Western Australia’s Pilbara. The global measured, indicated and inferred resource for Calidus’ Warrawoona project now totals 21.2 million tonnes at 1.83 grams per tonne gold for 1.25Moz of contained gold. According to the company […]
Calidus Resources adds Nullagine Road gold prospects to Marble Bar holdings
Calidus Resources (ASX: CAI) has secured two new tenements near its Warrawoona gold belt strike, taking the size of its continuous tenements to 60 square kilometres. Gardner Mining Pty Ltd sold Calidus the E45/3615 and E45/4236 tenements over the East structural corridor in exchange for 1.785 million new shares. Located near Nullagine Road, in Western […]
Calidus Resources confirms high grade gold across Pilbara prospects
Calidus Resources (ASX: CAI) has struck gold grading up to 9.6 grams per tonne at its Pilbara prospects in Western Australia. A diamond drilling program comprising seven holes has uncovered gold at Klondyke, Copenhagen, Coronation and Fieldings Gully, part of the Warrawoona project which is 150km south east of Port Hedland and 25km from Marble […]