Calidus Resources Limited announce it has purchased the remaining 30% interest in all tenements co-owned by Novo Resources Corp. (Novo) subsidiaries Beatons Creek Pty Ltd. and Grant's Hill Gold Pty Ltd. The tenements are located at Calidus' Warrawoona gold project in WA's Pilbara and are key tenements for infrastructure and exploration. Consideration for the purchase is a 1% Nett Smelter Return Royalty across the tenements. In addition, Calidus has completed a $5 million payment to Novo as part of the Blue Spec acquisition that takes Calidus' ownership to 25% of this very high grade project.