Calidus Resources (ASX:CAI) is an ASX-listed gold exploration and development company that controls the 1.7Mozs (incl Blue Spec) Warrawoona Gold Project located in the East Pilbara district of the Pilbara Goldfield in Western Australia.
Gold was first discovered at Warrawoona in 1897. A number of spectacular gold discoveries were made in the late 1800s in outcropping gold mineralisation at surface, including at Klondyke. Historical records indicate that small scale artisanal mines produced an estimated 744.5kg of gold from 25,191t of ore at an average grade of approximately 1.1 oz/t at Warrawoona, before the focus in Western Australian gold exploration moved to Kalgoorlie and the Goldfields in the early 1900s.
As a result, many of the mines at Warrawoona and the surrounding gold district were owned and operated by single prospectors or small local syndicates, which led to a fractious tenement ownership that has largely survived until recently. Consequently, the region suffered from a chronic lack of systematic and considered exploration.
For the first time in history, the tenements at Warrawoona, forming the Company’s Warrawoona Gold Project, were consolidated into a contiguous, highly prospective package by Calidus in 2016-17.
The consolidation of this goldfield has transformed the Company into a new Australian gold development company with significant potential to unlock further resources and new discoveries within the emerging gold belt of the Pilbara Goldfields district, which is a historically proven gold mining region.
In early 2021, Calidus commenced construction of the Warrawoona Gold Project, following receipt of regulatory approvals and completion of financing. The Company is on track to become Australia’s next gold producer in the June quarter of 2022.