Ann: Calidus buys Nullagine Gold Project & enhances cash position, page-16

CAI is growing in scale. The JV with HAO provides flexibility in feeding ore to the mill and now CAI is a 2 mine company which should remove the 1 mine discount it has laboured under.

Nullagine effectively replaces the need to buy new kit for sulphide processing. The mill was in operation 15 months ago and is in good condition.

$14M cash injection into CAI, Pirra lithium bubbling away in the background, better strip ratio at WGP starting in January and high grade feed from the HAO JV.


Vindication for the true believers ... imo.