Australian gold producer Calidus Resources (ASX:CAI) reports the processing plant at the Warrawoona Gold Project located in Western Australia has reached nameplate capacity.
The company states a total of 191,000 tonnes @ 0.85g/t Au was processed in December with 5,053 ounces of gold produced. Furthermore Calidus reports the operation averaged 235 ounces recovered per day for the last third of the month.
Commenting on the achievement, Calidus Resources Managing Director Dave Reeves says: “We are very pleased to have achieved commercial production and positive cash flow from the operations for the month.
This is a credit to the whole team at Warrawoona.
“We are now focussing on fine tuning operations to increase throughput rates and production and we look forward to releasing guidance later this month”
We are now focussing on fine tuning operations to increase throughput rates and production and we look forward to releasing guidance later this month.”
Moving forward, Calidus states the production and cost guidance for the remainder of the financial year will be provided with the January quarterly report due later this month.
The Warrawoona Gold Project is located southeast of Port Hedland in Western Australia and has a global mineral resource of 43 million tonnes @ 1.20g/t Au for 1.66 million ounces. The project covers 780km-square of the Warrawoona Greenstone Belt, and consists of the Klondyke, Copenhagen, Coronation and Fieldings Gully deposits.
Calidus Resources is a Western Australia-based gold producer focused on the Warrawoona Gold project. The company is also planning to construct a sulphide processing plant at Warrawoona which will increase sulphide production by about 30,000 ounces per year for an initial 7-year period.
Images: Calidus Resources Ltd
