- Calidus Resources (CAI) declares commercial production at its Warrawoona gold project in the Pilbara region of Western Australia
- The processing plant at the project is operating at nameplate capacity and CAI is now focusing on fine tuning operations to increase throughput rates and production
- Over December, 191,000 tonnes of ore was processed at 0.85 grams per tonne (g/t) with just over 5000 ounces of gold produced
- Calidus estimates unaudited cash costs for December sat around $2050 per ounce, with guidance for the remainder of the financial year expected later this month
- Shares in CAI last traded at 33.5 cents on January 9
Calidus Resources (CAI) has declared commercial production at its Warrawoona gold project in the Pilbara region of Western Australia.
The processing plant at the project is operating at nameplate capacity. This comes after 191,000 tonnes of ore at 0.85 grams per tonne (g/t) was processed in December, which produced just over 5000 ounces of gold.
For the last third of December, the operation averaged 235 ounces of gold recovered per day.
Calidus estimates unaudited cash costs for December were around $2050 per ounce.
Managing Director Dave Reeves said achieving commercial production and positive cashflow is a credit to the whole team at Warrawoona.
Moving forward the company said it would focus on fine tuning operations to increase throughput rates and production.
Production and cost guidance for the remainder of this financial year will be released with Calidus’ January quarterly report, which expected to be issued later this month.
Shares in CAI last traded at 33.5 cents on January 9.