CAPITAL MARKETS

Calidus fires as market cools

NEW Australian gold company Calidus Resources will hit the ground running at Warrawoona in the East Pilbara after collecting close to A$8 million in a raising managing director Dave Reeves said was completed as walls were closing in on local juniors seeking equity funds in recent weeks.

Richard Roberts

Calidus fires as market cools

Reves said Calidus would start a 10,000m drilling program focussed mainly on the Klondyke deposit and existing 374,000oz resource before the company’s planned ASX listing by June 20. The drilling is aimed...

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