Warrawoona Gold Mine Enters Care and Maintenance

SEATTLE (Scrap Monster):  KordaMentha, acting as receivers and managers for Calidus Resources, has announced plans to place the Warrawoona gold mine, near Marble Bar in Western Australia, on care and maintenance over the next three weeks.

In parallel to the care-and-maintenance plan, a dual-track recapitalisation and sale process will be undertaken for Calidus, which also owns the Nullagine gold, Pirra lithium and Haoma Mining joint venture projects.

The Nullagine project, owned and operated by entities in the Calidus group under administration by FTI Consulting, is also under scrutiny. The administrators have previously indicated a need to assess options, including potential sales or recapitalisation initiatives.

Previously, Calidus outlined plans to finalise a study aimed at restarting production at Nullagine by early 2025.  

The Warrawoona mine produced 15 118 oz in the March quarter, up from 11 980 oz in the December quarter.

Meanwhile, contractor Macmahon said it was in discussions with KordaMentha about the ongoing services required at Warrawoona and the impact to its team.

"Our people are our most valued asset and Macmahon will work with its team at Warrawoona to find suitable opportunities across the business," the company said.

Courtesy: www.miningweekly.com