CAI Calidus Resources ALK investment in CAI continues to look more impressive .Calidus Resources (ASX:CAI) is pleased to report on an outstanding quarter during which the Company accelerated the Feasibility Study and financing discussions for its Warrawoona Gold Project in Western Australia. The decision to expedite the study was triggered by favourable developments on the permitting process during the quarter and motivated in part by the record Australiandollar gold price and favourable outlook. Calidus Managing Director Dave Reeves said with gold prices at historic highs, the Company is firmly focussed on delivering a low-risk gold development plan in the shortest possible timeframe. Mr Reeves said that with all the drilling and site investigation works needed for the Feasibility Study now completed, and $6.38 million in cash and investments, Calidus is fully-funded through to a Final Investment Decision on Warrawoona. The Pre-feasibility Study showed Warrawoona is set to be a robust project based on annual production of ~100,000oz at an all-in sustaining cost of A$1,159/oz, generating strong margins, enhanced by the current Australian Dollar gold price environment.
