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Calidus to co-fund upgrade to Marble Bar airport

Calidus Resources is pulling out all stops to get its Warrawoona gold project into production in the Pilbara after it signed a deal to co-fund an airport upgrade at Marble Bar this week in partnership with the Shire of East Pilbara. The upgrade will enable Calidus to seamlessly and cost efficiently deliver its workforce in and out of Warrawoona when it gets going.

The upgrade will allow 100-seater jets to take off and land in all weather conditions and will cost about $7 million with Calidus to contribute around $2 million. 

The Perth-based ASX listed company said that in conjunction with the  Shire of East Pilbara it will now progress with preparing binding formal agreements and anticipates kicking off the upgrade in 2021 to coincide with the construction phase of Calidus’ proposed mine. 

Calidus Managing Director, Dave Reeves said: "We are delighted to be part of this substantial economic rejuvenation and community project. The proposed Marble Bar Airport upgrade provides an opportunity to open up the East Pilbara for business, providing locals with easier access to Perth as well as delivering significant benefits for the Warrawoona Gold Project.”

Calidus recently demonstrated a robust project at Warroona based on the production of 100,000 ounces of gold per annum with an impressive all in sustaining cost of just AUD$1,159 per ounce. 

Its maiden ore reserve sits at 8.9 million tonnes grading 1.5 grams per tonne gold for just under 420,000 ounces from the proposed Klondyke open pit and underground mining operation. 

The project itself is host to a total mineral resource of 1,248,000 ounces grading 1.83g/t gold over a remarkable 5km of strike.

 

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

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