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Calidus Resources Limited

1.5 MOZ high-grade resource progressing to development

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Uncategorized · May 16, 2018

Resource and Reserves

Warrawoona Resource 21.2Mt at 1.83 g/t Au for 1.25 million ounces

Global Mineral Resource estimate (inclusive of Reserves)

Ore Reserves (only Underground Reserve updated from June 2020)

DepositProvenProbableTotal
ktAu (g/t)kozktAu (g/t)kozktAu (g/t)koz
Klondyke Open Pit2,0571.06610,0141.033512,0711.0401
Klondyke Underground1,9002.11201,9002.1120
St George Open Pit2441.292441.29
Copenhagen Open Pit955.517955.517
Total2,0571.06612,2531.245314,3101.2547

The information in this announcement that relates to exploration targets and exploration results is based on information compiled by Jane Allen a competent person who is a member of the AusIMM. Jane Allen is employed by Calidus Resources Limited. Jane has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Jane Allen consents to the inclusion in this announcement of the matters based on her work in the form and context in which it appears.

The information in this report that relates to Copenhagen Mineral Resources is based on information compiled or reviewed by Mr. Daniel Saunders, Principal of GeoServ Consulting Pty Ltd., who is a Member of the Australian Minerals Institute. Mr. Daniel Saunders is a full-time employee of GeoServ Consulting Pty Ltd. and has sufficient experience, which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Daniel Saunders consents to the inclusion of the report of the matters based on the information in the form and context in which it appears.

The information in this report that relates to Klondyke and Fieldings Gully Mineral Resources is based on information compiled or reviewed by Mr. Lynn Widenbar, Principal Consultant of Widenbar and Associates Pty Ltd., who is a Member of the AusIMM and the AIG. Mr. Lynn Widenbar is a full-time employee of Widenbar and Associates Pty Ltd. and has sufficient experience, which is relevant to the style of mineralisation and types of deposit under consideration and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Lynn Widenbar consents to the inclusion of the report of the matters based on the information in the form and context in which it appears.

Filed Under: Uncategorized

 

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