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CALRF - Calidus Resources: Digging Into The Warrawoona Pre-Feasibility Study
Calidus Resources Ltd
It's been a busy start to the year in the junior mining sector (GDXJ) for economic studies, as several gold juniors are pushing out economic studies each quarter to showcase their projects at higher gold (GLD) prices. The most recent name to release an economic study is Calidus Resources (CALRF), an ASX-listed gold explorer whose focus is on its Warrawoona Project in Western Australia. While the updated Pre-Feasibility Study projects very modest initial capital to move into production, the After-Tax NPV (8%) leaves quite a bit to be desired, as the