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Location: 97 km SE from Marble Bar, Western Australia, Australia
Corunna Downs RoadMarble BarWestern Australia, Australia6760
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On 9 Oct 2024, FTI Consulting were appointed as Deed Administrators of Calidus.
DOCA proponent: West Coast Gold Pty Ltd.
On 8 Jan 2025 the Deed Administrators transferred all the Calidus shares to the DOCA Proponent’s nominee, Ample Resources Pty Ltd.
On 10 Jan 2025, the Deed Administrators confirmed to the DOCA Proponent that the Calidus DOCA, along with two DOCAS relating to its direct subsidiaries, Keras (Pilbara) Gold Pty Ltd and Calidus Blue Spec Pty Ltd, were wholly effectuated in accordance with their terms.
On 10 Jan 2025, the DOCA was effectuated: receivers and deed administrators retired, the company exited external administration, control passed to a new board, and Creditors’ Trusts were established with Hayden White and Daniel Woodhouse as Trustees.
Calidus delisted from ASX Jan 16, 2025.
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The Blue Spec gold project lies within the Mosquito Creek Formation, a thick sequence of siliciclastic metasediments comprising dominantly quartz-rich arenites and shales that has undergone multiple periods of deformation. The Mosquito Creek Formation is located within the extensive rhombic Mosquito Creek Basin in the southeastern extent of the Pilbara granite-greenstone terrane (Easterday et al., 2008). The Mosquito Creek Formation is interpreted to be Mesoarchaean in age (Bagas et al., 2008).Stratigraphy within the basin generally trends east–northeast, with both northwest and north–south trending regional fault orientations exerting major influences on the basin architecture. Intrusive dykes comprising dolerite and hornblende-bearing tonalities are also observed within the basin, while gabbroic sills are a prominent feature along the northern and southern margins of the basin. The Blue Spec line is a clearly defined and mapped, major fault structure that nucleated during north–south oriented regional shortening, upright folding and thrusting along a major anticlinal hinge position. It has undergone multiple periods of deformation (Easterday et al., 2008).The Blue Spec Shear gold-antimony deposits are interpreted to be epizonal orogenic gold deposits. Gold mineralisation is associated with the Blue Spec Shear Zone that was emplaced during two deformation events. The first event produced a laminated quartz-carbonate vein with minor pyrite, gold and arsenic. The second event overprinted the first with brecciated and recrystallised quartz-carbonate veins containing pyrite, gold and localised concentrations of massive stibnite.The Blue Spec Shear Zone runs east–west, and can reach 30 m in true thickness. Localised narrow shear splays have been observed bifurcating from the main zone in historically mined void models. Mineralised lodes are steeply dipping, with primary mineralisation located in dilatant jogs in the shear zone.DimensionsMineralisation domains in Blue Spec (seven domains in total, five with low-grade halo sub-domains) extend over a 350 m strike length. Lode widths are highly variable and range from 0.5 m to 4 m. The Mineral Resource extends 885 m from the surface (365 mRL) to a lower limit of -520 mRL. The mineralisation domain in Gold Spec (one domain with a low-grade halo sub-domain) extends over a 480 m strike length. Lode widths are highly variable and range from 0.3 m to 11 m. The Mineral Resource extends 450 m from the surface (370 mRL) to a lower limit of -80 mRL. Mineralisation within the model which did not satisfy the classification criteria for Mineral Resources remained unclassified.
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