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CALIDUS RESOURCES LIMITED (CAI)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of CAI: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000CAI2
Address: Suite 12, 11 Ventnor Avenue West Perth WA 6005
Tel:  +61 8 9486 7244Fax: +61 8 9463 6373

Date first listed: 13/03/1987

Sector: Pharmaceuticals & Biotechnology Industry Group: XHJ
Activities: Provision of IT&T solutions, specifically electronic commerce applications to the health care industry and continuing the manufacture and distribution of its pharmaceutical product.

News & Events

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The Receivers and Managers have undertaken an assessment of the operations and will be transitioning the Warrawoona operations into care and maintenance. A campaign processing run will be undertaken over the next 12 days to process ROM stock. The transition to care and maintenance will be undertaken over a period of three weeks, pursuant to a detailed plan to ensure that value is preserved in all of the Group's fixed assets.

10/07/2024

The securities of Calidus Resources Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3. Having regard to the announcement of the appointment of receivers and managers and administrators to CAI, ASX has determined that CAI's financial condition is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.2. The suspension will continue until such time that ASX is satisfied with CAI's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for CAI's securities to be reinstated to quotation.

01/07/2024

Hayden White and Daniel Woodhouse of FTI Consulting were appointed as joint and several voluntary administrators to the following entities on 28 June 2024: Calidus Resources Limited (ACN 006 640 553) (Calidus Resources, ASX:CAI); Keras (Pilbara) Gold Pty Ltd (ACN 169 795 037) (Keras (Pilbara)); Calidus Blue Spec Pty Ltd (ACN 643 467 501) (Calidus Blue); Keras (Gold) Australia Pty Ltd (ACN 152 080 110) (Keras (Gold)); Millennium Minerals Pty Ltd (ACN 003 257 556) (Millennium Minerals); and Calidus Otways Pty Ltd (ACN 640 807 183).

28/06/2024

The suspension of trading in the securities of Calidus Resources Limited will be lifted immediately following the release by CAI of an announcement regarding the restructure of CAI's debt and hedge book with its financier and a capital raising.

22/03/2024

The company releases a notice of proposed issue of securities.

22/03/2024

The company releases an Equity Raising Presentation.

22/03/2024

Firm commitments received for A$16.5m via an institutional Placement at A$0.115 per share. Placement strongly supported by both new and existing shareholders, including the Company's lender, Macquarie Bank, for A$2.5m and the Board of Directors for A$120,000. In addition to the Placement, Calidus will offer all eligible shareholders the opportunity to participate in a Share Purchase Plan to raise up to A$3.0m on the same terms as the Placement. Agreement with Macquarie to restructure hedge and debt arrangements, resulting in an additional ~A$31m of free cashflow in CY24; CY24 hedge volume reduced by 21,250ozs, delivering a A$20m benefit to Calidus at spot gold price of A$3,300/oz; Reduced debt repayments totalling A$11m in CY24. This significant increase in cashflow generation in the first half of CY24 will enable Calidus to organically fund the pre-strip and A$17m capital cost of developing the high-grade Bulletin deposit in the second half of CY24 o Bulletin PFS: 63,000oz at an AISC of A$1,730/oz over 2-years mine life. Calidus re-affirms H2 FY2024 guidance of 32,000-37,000ozs at an AISC of A$2,100- $2,400/oz. Calidus confirms that operations are progressing as planned with the pit cutback due for completion at the end of March and higher grade Blue Bar ore now being processed. Last week Calidus recorded its largest ever gold recovery since project inception of 1,539ozs for the week. Calidus anticipates releasing a JORC 2012 Mineral Resource Estimate on initial oxide deposits at Nullagine in Q2 CY24 that it will be targeting to mine in FY25 and build on stated LOM guidance.

22/03/2024

The company releases a notice of application for quotation of securities.

21/03/2024

The company releases a noticed of proposed issue of securities.

20/03/2024

The Company requests that voluntary suspension remains in place until the Company makes the Announcement to the market in relation the restructure of the Company's debt and hedge book with its financier and a capital raising, which it expects to make on or before market open on Friday, 22 March 2024.

20/03/2024

The securities of Calidus Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CAI, pending the release of an announcement regarding the restructure of CAI's debt and hedge book with its financier and a capital raising.

15/03/2024

we understand that on or about this date the company consolidated its shares 1 for 10

05/12/2019

we understand that on or about this date the company consolidated its shares 1 for 10

05/12/2019

Calidus Resources Limited will be reinstated to official quotation as from the commencement of trading on Thursday 22 June 2017 following the Company's compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX Listing Rules. 402,676,035 ordinary shares fully paid; 87,500,000 quoted options exercisable at $0.025 expiring on or before 13 June 2019

20/06/2017

Calidus Resources Limited is pleased to announce the commencement of drilling at its flagship Warrawoona Gold Project located in the East Pilbara of Western Australia.

15/06/2017

name changed from Pharmanet Group Limited

15/06/2017

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    27/01/2023David Reeves171,096$0.289$49,447
    13/10/2022David Reeves140,000$0.350$48,925
    14/06/2022David Reeves61,068$0.650$39,694
    04/06/2021Mark Connelly50,000$0.490$24,500
    19/01/2021David Reeves204,788$0.448$91,778

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mark ConnellyNon Exec Chairman, Independent Director20/02/2018
    David ReevesManaging Director13/06/2017
    Richard McLeodCOO06/11/2023
    Richard HillCFO25/11/2019
    Kate GeorgeNon Exec Director01/02/2022
    John CiganekNon Exec Director04/01/2021
    Julia BeckettCompany Secretary
    James CarterCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Paul BrennanCOO12/03/201906/11/2023
    Keith CoughlanNon Exec Director13/06/201713/05/2022
    Adam MiethkeNon Exec Director07/03/201727/07/2020
    Peter Hepburn-BrownNon Exec Director13/06/201704/09/2018
    Brendan de KauweDirector07/03/201713/06/2017
    Nicholas YoungDirector07/03/201713/06/2017
    Christopher QuirkNon Exec Director26/06/200607/03/2017
    John FoundDirector28/11/200807/03/2017
    John PalermoChairman27/11/200217/03/2015
    Simon WatsonNon Exec Director15/01/198728/11/2008
    Philip GarrattNon Exec Director24/04/200226/06/2006
    Lucy Shaw-RoschatNon Exec Director23/10/200215/05/2003
    Shu HuExecutive Director09/05/200115/05/2003
    Alex KohNon Exec Director21/05/199924/10/2002
    Neville WranChairman21/05/199924/04/2002
    Laurie PattonCEO22/04/2002

    Date of first appointment, title may have changed.