Brief: Calidus Resources Posts Warrawoona Gold Project Dec Quarter Production Of 12,544 Ounces

Calidus Resources

27/01/2023 01:28

Jan 27 (Reuters) - Calidus Resources Ltd  CAI.AX :
    * WARRAWOONA GOLD PROJECT DEC QUARTER PRODUCTION WAS 12,544
OUNCES
    * SEES H2 FY2023 PRODUCTION OF 31,000 - 36,000 OUNCES AT
AISC
A$2,000 - A$2,250 PER OUNCE
    * INCREASED GOLD PRODUCTION AT STAGES 2 AND 3 ARE EXPECTED
VIA
COMMENCEMENT OF HIGHER-GRADE UNDERGROUND MINING AT WGP (STAGE 2)
    * INITIAL ESTIMATES SHOW PRODUCTION INCREASING FROM 70,000
OUNCES
PA IN STAGE 1, TO 100,000 OUNCES PA IN STAGE 2
    * ESTIMATES SHOW PRODUCTION FINALLY RAMPING UP TO MAX OF
130,000
OUNCES PER ANNUM IN STAGE 3

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