Calidus Resources has announced almost 16,000 ounces of gold sold from its Warrawoona gold project for the quarter.
These results represent a quarter-on-quarter increase of 35 per cent in gold sales. All-in sustaining cost (AISC) for the gold was $2093 per ounce.
Calidus predicts June quarter production to be higher than March due to ongoing optimisation of the plant.
The Warrawoona gold project is located outside Port Hedland in WA. The project has a known resource of 43 million tonnes at 1.2 grams per tonne of gold, or 1.66 million ounces of gold. The probable ore reserve is estimated at 600,000 ounces of gold.
“These results demonstrate that the initiatives to improve production has successfully resulted in strong cash flow from Warrawoona in the March quarter,” Calidus managing director Dave Reeves said.
“As further initiatives are realised, we expect increased gold production in the June quarter as final de-bottlenecking works are completed on the processing plant to allow sustained operations at above name plate capacity.
“I would like to acknowledge the fantastic efforts of all personnel working at Warrawoona whose tireless efforts in challenging summer conditions have made this quarter such a success.”
The company last month reported processing a total of 182,000 tonnes of ore, recovering 5005 ounces of gold for the month of February. This equates to 66,000 ounces of gold annualised, or 180 ounces per day.
Calidus is aiming to produce 31,000–36,000 ounces of gold at $2000–2250 for each half of 2023.