Calidus Resources (ASX:CAI) has declared commercial production is underway at the Warrawoona Gold Project (WGP) in Western Australia. The processing plant is now operating at nameplate capacity.
A total of 191,000t @ 0.85g/t was processed in December with 5,053 ozs of gold produced. The operation averaged 235oz recovered per day for the last third of the month. Estimated, unaudited cash costs for December were approximately A$2,050/oz.
Production and Cost Guidance for the remainder of the financial year will be provided with the January Quarterly due later this month.
We are very pleased to have achieved commercial production and positive cashflow from the operations for the month. This is a credit to the whole team at Warrawoona,” Managing Director Dave Reeves said.
“We are now focussing on fine tuning operations to increase throughput rates and production and we look forward to releasing guidance later this month.”
The Warrawoona Gold Project:
- Global Mineral Resource of 43Mt @ 1.20g/t Au for 1.66 million ounces
- 69% of the Mineral Resource is classified as Measured and Indicated categories
- Proved & Probable Ore Reserve of 13.8Mt @ 1.40g/t for 600,000 ounces
- Positive Feasibility Study completed in September 2020 outlined a Stage 1 high-margin gold operation with average gold production of 90,000oz/pa at $1,290/oz AISC over an initial 8-year mine life via a 2mtpa conventional CIL processing circuit with single stage crush and SAG mill
