Mining starts at Warrawoona Gold Project in WA’s Pilbara
Calidus Resources Limited (ASX:CAI) has achieved another key construction milestone, with mining underway at its Warrawoona Gold Project in the East Pilbara, WA. Ore is now being delivered to the Run of Mine (ROM) pad, ensuring the project remains on schedule for production in the June quarter of next year. There has also been more strong progress at the processing plant, with the crusher successfully installed. The plant is now 53% complete, with preliminary works for the SAG mill installation well underway. This is being funded by a loan from Macquarie Bank that was divided into a Facility A Senior Secured Loan of $85M and a Facility B of $25M Mezzanine Debt. Facility B has been fully drawn and Facility...