Calidus Resources Ltd. (AU:CAI) has released an update.
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Calidus Resources Ltd announces a maiden JORC 2012 Mineral Resource at the Nullagine Gold Project, with 6.9Mt at 2.15g/t Au totaling 475,000 ounces, including a substantial 65% classified as Measured and Indicated. The company plans to commence campaign milling operations at the 1.8Mtpa Golden Eagle mill by Q1 CY25, aiming to significantly boost their overall gold production profile without any hedging strategies. A feasibility study is also in progress, expected to be released in the upcoming quarter, as Calidus works to further increase resources through the review of additional historic deposits.
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