Earnings release
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ASX ANNOUNCEMENT CALIDUS RESOURCES LIMITED ABOUT CALIDUS RESOURCES Calidus Resources is an ASX listed gold company that is developing the 1.5Moz Warrawoona Gold Project in the East Pilbara district of Western Australia . DIRECTORS AND MANAGEMENT Mr Mark Connelly NON - EXECUTIVE CHAIRMAN Mr David Reeves MANAGING DIRECTOR Mr John Ciganek NON - EXECUTIVE DIRECTOR Mr Keith Coughlan NON - EXECUTIVE DIRECTOR Mr Paul Brennan PROJECT DEVELOPMENT Mr Richard Hill CHIEF FINANCIAL OFFICER Ms Julia Beckett COMPANY SECRETARY September 2021 Quarterly Activities Report 21 October 2021 Calidus on track to be Australia's next gold producer as mining commences at Warrawoona Gold Project HIGHLIGHTS Warrawoona Gold Project in WA's Pilbara remains on track and budget for first gold production in the June 2022 Quarter Construction at Warrawoona 67 % complete and construction of the processing plant 73 % complete Key construction milestones in the quarter included : ■ Mining agreement signed with Macmahon ( ASX : MAH ) Mining underway , with first ore delivered to ROM Pad calidus.com.au - Primary crusher and SAG mill successfully installed Construction of tailings dam progressing rapidly Blue Spec DFS ramps up with successful drilling campaign ASX : CAI ☑info@calidus.com.au Suite 12 , 11 Ventnor Ave West Perth WA 6005 AUSTRALIA CORPORATE • Calidus had $ 21.7M of cash , $ 55.5M in available debt facilities and $ 200k in listed investments at 30 September 2021 $ 54.5M drawdown from Project Loan Facilities to date Calidus Resources ( ASX : CAI ) is pleased to report further strong progress in the construction of its Warrawoona Gold Project in WA during the September 2021 Quarter . Construction at Warrawoona is advancing in line with budget and schedule , ensuring Calidus is on track to be Australia's next gold producer . At quarter - end , the project construction was estimated to be 67 % complete with no lost time injuries recorded to date . During the quarter , $ 32.5 million was incurred on the Warrawoona development with expenditure of $ 46.2 million remaining to first gold production .