Ann: Further consolidation of highly prospective gold tenure, page-7

Interest in Gold gathering momentum .
Calidus very well supported in the low 4 cent range .
Once the sp breaks through 4.5 cents on volume , expect  over 5 cents soon after .

Well funded with $7.9 million with about $ 1.44 million cash outflow next quarter .


HIGHLIGHTS
• Appointment of Mark Connelly as Non-Executive Chairman
• Continuing high grade drilling results including 6 metres @ 21.47 g/t Copenhagen • Regional target generation study completed – identifies 45 high priority targets
• Drilling campaigns completed at Klondyke East and Copenhagen
• Klondyke Deeps drilling commenced through a co-funded EIS programme.
• Further consolidation & expansion of Warrawoona land holdings • Cash of $7.9 million at the end of the quarter .

The Board of Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is pleased to provide the following activities report that outlines the progress made during the March 2018 Quarter. It has been a highly productive quarter with a number of key developments which are extremely positive for the Company.