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11.5¢ calidus resources limited

hi PCOpen pit resource update delayed a quarter but underground...

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Cazzal1th

86 Posts.

43

10/03/20

09:20

Post #: 43398142
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Originally posted by Pinecone54: ↑

Well......we got the announcement...... but not quite what we had hoped for!.

Still it’s good news....... but with just a short delay!.

“Calidus had previously flagged an Open Pit Resource update in the March Quarter and an Underground Resource update in the September Quarter.
To adequately evaluate the timing of the commencement of the underground as part of the Feasibility Study, Calidus felt it “prudent” to update the Resource for both the Open Pit and Underground simultaneously.
As such, Calidus now intends to release a new global resource in Q2 which may also assist in accelerating the delivery of the DFS.”.

As Dave said to me at the London presentation, we want to go a lot deeper.........even past the 500 mark!.

All looking good from here !

PC

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hi PC
Open pit resource update delayed a quarter but underground resource update to be a quarter early so can’t complain.
Brilliant to be kept up to date with progress & timetable- thanks Calidus!

CAI Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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