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Calidus gets nod to fast track 1.25Moz Pilbara gold project

ASX-listed Calidus Resources said the near-term development strategy for its 1.25Moz Warrawoona gold project in the Pilbara has received a shot in the arm after the project was granted a streamlined State and Federal environmental approval process. 

The company said the WA office of the EPA had advised that it will assess the project as an “Accredited Assessment” under the Commonwealth’s Environmental Protection and Biodiversity Conservation Act.

Calidus has completed a pre-feasibility study for Warrawoona that shows a robust project with production of approximately 100,000oz a year of gold at an all-in sustaining cost of A$1,159 per ounce which compares well to the current spot gold price for gold of almost A$2,500 an ounce.

Calidus Managing Director, David Reeves said: “The Commonwealth can choose to assess the Project by itself, or under a bilateral agreement with the State of WA. By the Commonwealth deciding to undertake an Accredited Assessment, it means they will use the EPA Assessment as a base for their decisions thereby streamlining the approvals process.”

Accredited Assessments are a godsend for wanna-be mining companies who generally need to battle multiple Government Departments multiple times just to get a look in.

Calidus has been busy ticking multiple boxes along the pathway to production at Warrawoona and this is a big one.

 

Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au

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