Calidus Resources Seeks Urgent Acquisition Interest

Calidus Resources Ltd. (AU:CAI) has released an update.

Calidus Resources Limited, an ASX-listed gold company, has announced the search for urgent expressions of interest for the acquisition or recapitalization of its assets, including the Warrawoona and Nullagine projects. The company reported positive cash flow expectations from processing low-grade stock and is considering additional mining at Blue Bar. As of June 30, 2024, Calidus had a cash and bullion reserve of $30.2 million and generated $45.8 million in revenue from gold sales during the quarter.

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