Great to see Calidus Resources getting a decent plug , the lacklustre stock price continues to be mind boggling .
Either this is a Golden Opportunity or holders are delusional . I am going with the first option .
Keras Resources's Calidus On-Track To Finish Warrawoona Project Study
LONDON (Alliance News) - Mineral resources firm Keras Resources PLC said Wednesday that Calidus ...
"Calidus is fast-tracking development at the Warrawoona project with completion of its PFS targeted for July 2019. This is extremely positive and serves to underpin the robust economics of this already highly prospective asset, which currently has a 1.25 million-ounce JORC compliant gold resource," said Keras Chief Executive Russell Lamming.
http://www.morningstar.co.uk/uk/news/AN_1557922829397965700/keras-resourcess-calidus-on-track-to-finish-warrawoona-project-study.aspxCalidus’ Warrawoona gold PFS to touchdown in July
Wednesday, 15 May 2019 2:11PM
Management also said it is investigating the region’s satellite gold deposits, including the higher-grade Copenhagen resource, which boasts 39,000 ounces grading 4.65g/t gold and is included in the mine design for the PFS.
Warrawoona contains a global mineral resource of 21.2 million tonnes grading 1.83 g/t gold for 1.25 million ounces.
Just under 64% of these resources sit in the confident indicated category status and importantly the higher-grade component of the resource holds 1.1 million ounces at a very respectable grade of 2.37g/t gold.
Earlier this month, Calidus completed a strategic placement of $2.16m at a premium to the market, with the proceeds providing sufficient funding for the company to finish its PFS in the nominated timeframe.
Some monies will also be thrown at the drilling of regional exploration targets and infill and extensional drilling work over the main resource areas, as and when required.
Regarding this week’s update on the Warrawoona PFS, Managing Director Dave Reeves said: “… all the information gathered so far (shows) the Warrawoona Gold Project, which has a total Mineral Resource of 1.25 million contained ounces, would have a simple layout and processing route.”
https://thewest.com.au/business/public-companies/calidus-warrawoona-gold-pfs-to-touchdown-in-july-c-113434Calidus Resources: PFS on Warrawoona Gold Project well on track for scheduled completion
https://kalkinemedia.com/news/calidus-resources-pfs-on-warrawoona-gold-project-well-on-track-for-scheduled-completion/
(20min delay)