Duyuru • Oct 24
Classic Minerals Limited, Annual General Meeting, Nov 28, 2025 Classic Minerals Limited, Annual General Meeting, Nov 28, 2025. Location: at l1, osprey boardroom, 162 grand boulevard, joondalup, wa 6027, Australia Duyuru • Jul 02
Classic Minerals Limited, Annual General Meeting, Aug 01, 2025 Classic Minerals Limited, Annual General Meeting, Aug 01, 2025. Location: conference room,level 1, 162 grand boulevard, joondalup wa 6027 Australia Duyuru • Jun 05
Classic Minerals Limited (ASX:CLZ) entered into a Binding Heads of Agreement to acquire package of highly strategic tenements in Australia from Goldbridge SL Pty Ltd for AUD 0.40 million. Classic Minerals Limited (ASX:CLZ) entered into a Binding Heads of Agreement to acquire package of highly strategic tenements in Australia from Goldbridge SL Pty Ltd for AUD 0.40 million on June 5, 2025. A cash consideration of AUD 0.05 million will be paid by Classic Minerals Limited. Classic Minerals Limited will pay an earnout/contingent payment of AUD 0.35 million cash. As part of consideration, AUD 0.4 million is paid towards assets of package of highly strategic tenements in Australia.
The transaction is subject to approval by regulatory board / committee and consummation of due diligence investigation. Duyuru • Mar 25
Bain Global Resources Pty Ltd completed the acquisition of Kat Gap tenements from Classic Minerals Limited (ASX:CLZ). Bain Global Resources Pty Ltd agreed to acquire Kat Gap tenements from Classic Minerals Limited (ASX:CLZ) for AUD 7 million on December 17, 2024. A cash consideration of AUD 7 million will be paid by Bain Global Resources Pty Ltd. As part of consideration, AUD 7 million is paid towards assets of Kat Gap tenements.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and consummation of due diligence investigation. The transaction is expected to complete by February 28, 2025, or such other date as the parties agree.
Bain Global Resources Pty Ltd completed the acquisition of Kat Gap tenements from Classic Minerals Limited (ASX:CLZ) on March 24, 2025. Duyuru • Dec 18
BGR Mining And Infra Private Limited agreed to acquire Kat Gap tenements from Classic Minerals Limited (ASX:CLZ) for AUD 7 million. BGR Mining And Infra Private Limited agreed to acquire Kat Gap tenements from Classic Minerals Limited (ASX:CLZ) for AUD 7 million on December 17, 2024. A cash consideration of AUD 7 million will be paid by BGR Mining And Infra Private Limited. As part of consideration, AUD 7 million is paid towards assets of Kat Gap tenements.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and consummation of due diligence investigation. The transaction is expected to complete by February 28, 2025, or such other date as the parties agree. Duyuru • Oct 31
Classic Minerals Limited, Annual General Meeting, Nov 29, 2024 Classic Minerals Limited, Annual General Meeting, Nov 29, 2024. Location: at conference room, quest midland, 3 the crescent, midland wa 6056, Australia Duyuru • Oct 15
Classic Minerals Limited Announces Resignation Stephen John O'grady as Non-Executive Director Classic Minerals Limited announced the market that Mr. Stephen john O'Grady has resigned, as a non-executive director, with effect from 15th October 2024. He is leaving due to personal reasons. Following Mr. O'Grady's departure, the Board will have 4 independent non-executive directors. New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-AU$8.4m). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (369% increase in shares outstanding). Revenue is less than US$1m (AU$988k revenue, or US$685k). Market cap is less than US$10m (AU$1.13m market cap, or US$783.2k). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Duyuru • Jul 15
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.028 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.028 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Duyuru • Jul 12
Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.028 million. Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.028 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Duyuru • Jun 25
Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.1496 million. Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.1496 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,000,000
Price\Range: AUD 0.00187
Transaction Features: Subsequent Direct Listing Duyuru • Apr 26
Classic Minerals Limited, Annual General Meeting, May 24, 2024 Classic Minerals Limited, Annual General Meeting, May 24, 2024, at 11:00 W. Australia Standard Time. Location: Sugar Room, Ibis Perth, 334 Murray Street Perth Western Australia Australia Agenda: To consider the ratification of Prior Issue of Shares to Aneles Consulting Services Pty Ltd; to consider the ratification of Prior Issue of Shares to CTRC Pty Ltd; to consider the ratification of Prior Issue of Shares to Greywood Holdings Pty Ltd; to consider the ratification of Prior Issue of Shares to News Minerals Pty Ltd; to consider the ratification of Prior Issue of Shares to Gold Processing Equipment Pty Ltd; to consider the ratification of Prior Issue of Shares to Foskin Pty Ltd; to consider the ratification of Prior Issue of Shares to Whead Pty Ltd; to consider the ratification of Prior Issue of Shares to Klip Pty Ltd; to consider the approval for issue of Convertible Notes to Whead Pty Ltd; and to consider the approval for issue of Shares to Reed Exploration Pty Ltd. Duyuru • Apr 17
Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.476851 million. Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.476851 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,685,050
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Mar 13
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.433 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.433 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.0008
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Duyuru • Mar 12
Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.433 million. Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.433 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: AUD 0.0008
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Duyuru • Aug 31
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.079503 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.079503 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,446,474,134
Price\Range: AUD 0.00085 Duyuru • May 30
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.906553 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.906553 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,066,533,118
Price\Range: AUD 0.00085
Transaction Features: Subsequent Direct Listing Duyuru • Feb 15
Classic Minerals Limited Updates on Construction at Kat Gap Classic Minerals Limited provided an update on activities at Kat Gap. Classic has achieved an estimated 45% completion of the construction of the Tailings Storage Facility (TSF) at its Kat Gap processing facility. The company will now be raising the walls of the TSF with the required compaction which is being supervised by Resource Engineering Consultants Pty Ltd. (REC). The aerial picture with the overlay of the engineer's design reflects the progress. The liners for the TSF also arrived onsite and were offloaded next to the shed. The rolls of water pipe were also delivered to Kat Gap and can be seen being offloaded and placed next to the water tanks. The Turkey's Nest, adjacent to the water bore is almost complete. Duyuru • Feb 03
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,679,738
Price\Range: AUD 0.00765
Transaction Features: Subsequent Direct Listing Duyuru • Jan 27
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.483452 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.483452 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,215,780
Price\Range: AUD 0.016
Transaction Features: Subsequent Direct Listing Duyuru • Jan 12
Classic Minerals Limited Announces Extensional Drilling Returns High Grade Intercepts At Kat Gap Classic Minerals Limited announced Extensional RC drilling at Kat Gap has returned high-grade gold intercepts beneath existing shallower gold mineralisation. Better results include: 10m @ 9.26 g/t Au from 57m including 3m @ 28.30 g/t Au from 57m. 6m @ 12.12 g/t Au from 70m including 1m @ 51.10 g/t Au from 70m. 4m @ 7.45 g/t Au from 73m including 1m @ 22.10 g/t Au from 74m. 8m @ 3.25 g/t Au from 95m including 1m @ 11.40 g/t Au from 101m. 2m @ 6.39 g/t Au from 87m including 1m @ 11.60 g/t Au from 88m. 3m @ 5.61 g/t Au from 67m. 1m @ 15.60 g/t Au from 125m. These latest results come from extensional down dip RC drill holes located in the middle section of the northern area of infill drilling. The infill RC drilling program at Kat Gap was mostly concentrated on an area 100m to 300m north along strike of the cross cutting Proterozoic dyke. The company announce that it has received assay results from its extensional RC drilling program at its Kat Gap Gold Project in Western Australia. The Company completed a total of 15 holes for 1,552 metres during its extensional drilling campaign at Kat Gap. Classic drilled 47 holes for 4,422m at Kat Gap during October and November finishing up the much larger 109-hole infill drilling campaign. This announcement covers the fifteen extensional RC holes (FKGRC471-479 and FKGRC500-505) drilled separately from the 109-hole infill program. Subsequent holes will be reported on in due course when assays become available. The extensional RC holes FKGRC471-479 and FKGRC500-505 are in the central portion of the northern infill drilling area and were drilled to test for potential deeper down dip open pit mineable material below existing high grade shallower gold mineralization. These latest holes are situated around 200m north of the cross cutting Proterozoic dyke and form part of a separate drilling program from the infill work. The drilling has shown that high grade gold mineralization extends at depth below the current shallow oxide mineralization intersected during the infill RC drilling and highlights the potential for further down dip mineable ore material to be discovered. Further RC drilling is required to follow up these latest results. Duyuru • Dec 22
Classic Minerals Limited, Annual General Meeting, Jan 25, 2023 Classic Minerals Limited, Annual General Meeting, Jan 25, 2023, at 11:00 W. Australia Standard Time. Location: Sugar Room, Ibis Perth 334 Murray Street, PERTH WA 6000 Perth Australia Agenda: To consider ratification of prior issue of Shares to Gary Doutch; to consider ratification of prior issue of Shares to Aneles Consulting Services Pty Ltd; to consider ratification of prior issue of Shares to CTRC Pty Ltd; to consider Ratification of prior issue of Shares to Greywood Holdings Pty Ltd; to consider Appointment of Auditor; to consider approval for issue of Convertible Notes; to consider approval for issue of Advisor Options to Still Capital; and to consider other matters. Duyuru • Dec 17
Classic Minerals Limited announced that it expects to receive AUD 5.5 million in funding Classic Minerals Limited announced a private placement of 1,100 unsecured convertible notes at a price of AUD 5,000 per note for gross proceeds of AUD 5,500,000 on December 15, 2022. The convertible notes will be convertible into ordinary shares of the company at any time up to 18 months after the issue of the notes, any note not converted by that date will be redeemed. The price at which notes convert to shares is the lesser of a 20% discount to the 15-day VWAP of shares as at the day prior to conversion; and AUD 0.017 on a post-consolidation basis. No interest is payable on the notes, however, in lieu of interest the company will issue one free attaching conversion option for every two conversion shares issued. Each conversion option shall entitle the holder to acquire one share upon payment of the sum of AUD 0.025 per option. The conversion options will expire on December 1, 2025. The transaction is expected to close on January 25, 2023. As part of the transaction, Still Capital Pty Ltd will receive sign on fees AUD 100,000 to cover shareholder management, documentation drafting and associated development costs and expenses to be paid post-completion of the issue of Convertible Notes, and 6% plus GST as capital raising fees and 30,000,000 options exercisable at AUD 0.025 on or before 1 December 2025. The issue of notes and advisor securities is conditional on shareholder approval being obtained at a general meeting of the company to be convened in mid-January 2023. Duyuru • Dec 16
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,750,000
Price\Range: AUD 0.016
Transaction Features: Subsequent Direct Listing Duyuru • Nov 30
Classic Minerals Limited Provides Update on Water Pipeline At Kat Gap Classic Minerals Limited reported that the application for the water pipeline pathway from the bore to the plant site has been approved. This is another major milestone for the Company and a vital ingredient for the gold processing plant. Strategically the water bore is located adjacent to the main haul road 1,100m from the processing plant. This will make pumping of the water to the processing plant relatively simple with limited infrastructure required as the pipeline will be placed above ground. Under the water license GWL207298(2) Classic is permitted to take up to 100,000kL of water annually from this bore. Duyuru • Nov 24
Classic Minerals Limited Provides an Update on the Progress at Kat Gap Classic Minerals Limited provided an update on the progress at Kat Gap. Pursuant to the final approval received for the Tailings Storage Facility (TSF), earthworks have commenced. The boundaries of the TSF have been demarcated and the topsoil is being pushed back. REC seek to create efficiency in a mining landscape where financial and operational productivity are more vital than ever. Through their visionary design and technology, REC delivers optimisation through every stage of mine site development. Process water for the Gekko treatment plant is being plumbed into the Company's first production water bore located just over a kilometre away adjacent to the main access haul road to the Kat Gap Mining Operation. Water will be pumped into large storage tanks located next to the Gekko treatment plant. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Gillian King was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 02
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.81 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.81 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 49,333,334
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 4,117,647
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102 Duyuru • Nov 01
Classic Minerals Limited Announces Site Construction Commences Ahead of Stage 1 Mining Classic Minerals Limited announced that construction activities have commenced on site for the development of the Company's 100% owned Kat Gap gold mine as permitted by the approved Mining Proposal (MP), Mine Closure Plan (MCP) and Project Management Plan (PMP). Having obtained all the requisite regulatory approvals, the stripping, and stockpiling of vegetation and topsoil commenced during the middle of October 2022. These earthwork activities are a required precursor to the commencement of mining. The company engaged heavy machinery in building internal roads, bulldozing to clear areas for the waste rock dumps, clearing and preparing ROM pads, office, administrative and workshops areas. Site power is also being upgraded in readiness for Camp upgrade. Additional camp buildings will shortly be arriving onsite to complete the Camp upgrade. Overall progress continues to remain on track with gold production planned towards the end of the first quarter of 2023. Classic is still awaiting processing approval. Once received, the Company will commence construction of the Tailing's Storage Facility (TSF) and reassemble the Gekko gold treatment plant. The Company is looking to have the Kat Gap site ready for stage 1 open-pit mining before the end of 2022. Classic also expects to start dry crushing plant commissioning activities before the end of the year. The Company looks forward to providing regular updates to shareholders as the construction and commissioning program progresses over the next few months. The FGP Tenements (excluding Kat Gap) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd. Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. For the avoidance of doubt Classic Ltd. owns a 100% interest in the gold rights on the Kat Gap Tenements and also non-gold rights including but not limited to nickel, lithium and other metals. Classic has inferred and indicated mineral resources of 8.24 Mt at 1.52 g/t for 403,906 ounces of gold, classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study suggesting both the technical and financial viability of the project. Duyuru • Oct 20
Classic Minerals Limited Announces Commencement of A Program of Deeper RC Drilling in Addition to the Infill Program At Its Kat Gap Gold Project in Western Australia Classic Minerals Limited announced that it has commenced a program of deeper RC drilling in addition to the infill program at its Kat Gap Gold Project in Western Australia. The program of deeper holes is designed to test the northern area of infill drilling where high grade near surface mineralisation was recently reported on. The program is made up of 20 holes for a total of 3,000m. The holes will be spaced on 40m sections with 20m spacing of holes on section. The aim of the drilling is to identify the down plunge extent of this near surface high grade gold mineralisation. If gold mineralisation continues to depth in this undrilled area, it could add additional mineable ounces and result in a potentially larger final open pit design. These new deeper RC holes are targeting beneath recently received shallow high grade gold mineralisation returned from the northern area of the infill program including: 3m @ 13.23 g/t Au from 32m in FKGRC390. 5m @ 7.36 g/t Au from 42m in FKGRC397. 3m @ 7.04 g/t Au from 43m in FKGRC396. 2m @ 21.07 g/t Au from 33m in FKGRC407. 2m @ 17.20 g/t Au from 53m in FKGRC402. 3m @ 6.99 g/t Au from 42m in FKGRC411. 6m @ 5.55 g/t Au from 49m in FKGRC412. 10m @ 3.80 g/t Au from 50m in FKGRC407. 1m @ 47.50 g/t Au from 20m in FKGRC429 1m @ 23.90 g/t Au from 64m in FKGRC453 2m @ 14.86 g/t Au from 29m in FKGRC436. 6m @ 4.08 g/t Au from 48m in FKGRC426. These deeper RC holes are in addition to the current infill drilling program which is drawing to a close. Once all the infill and deeper RC drilling data has been compiled and added to the current JORC mineral resource a new block model will be generated and a final open pit design completed. The Company is working hard to complete these tasks in a timely manner with a final open pit design expected soon. Geotechnical diamond drilling is also underway. This short 3-hole 336m program is required for pit wall angle optimisation. These holes will be included along with the previous four holes completed earlier this year in the final open design work. The overall infill RC drilling program consisted of 109 holes for 7,110. Currently 85 holes for 5,085m have been completed to date. The remaining holes in the program should be completed in the next couple of weeks. Assay results will be released to the market as they become available. Duyuru • Oct 10
Classic Minerals Limited Announces 6.06 G/T Au Averaged in First Bulk Sample Ore Through Gekko Classic Minerals Limited advises that it has received assay results from the recent pilot plant test-work1. The average head grade for the first portion of the bulk sample ore from Kat Gap is confirmed at 6.06 g/t. The mining of the bulk sample combined with the lab studies of 29 Sept 2020 and processing ore through the Gekko pilot plant gives a large degree of confidence to the Company. The original JORC resource was calculated to be "1Mt @ 3gpt Au for 93koz (0gpt lower cutoff)" 2. The actual grade calculated from the pilot plant run of 6.06 g/t Au is much higher than the average inferred resource grade calculated in April 2020. The gravity gold recovery is once again in line with expectations, with a recovery of 73.2% into a mass pull of 4.6% of the feed. This compares very well against previous bench scale metallurgical test work of 65-75% gravity gold recovery in approximately 5% mass pull3. These results clearly demonstrate that the Gekko plant is perfectly suited to Kat Gap style ore capable of extracting high levels of gravity gold at relatively low cost. The gravity concentrate produced at a low cost with no chemical reagents provides confidence of the viability of the milling process. The concentrate contained crushed material with a top size of 2.5mm, which was predominantly quartz with minor fractions of iron oxide and other base metal minerals. Gold was present as both freely liberated gold (38% of the concentrate gold) and as binary gold/gangue particles. Examination of the concentrate with a loupe evidenced gold particles partially liberated within quartz particles, as well as fully liberated gold particles. (Base metal scan currently underway to determine minerals/metals present in the concentrate). The Pilot run demonstrates that the Gekko flowsheet effectively concentrates the gold ore to produce a high-grade concentrate, whilst discarding a proportion of the gold into a low-grade tailings stream. In this instance the concentrate assayed approximately 90 g/t Au, with a tailings grade of 1.62 g/t Au giving an overall head grade of 6.06 g/t Au. Duyuru • Sep 30
Classic Minerals Limited, Annual General Meeting, Oct 31, 2022 Classic Minerals Limited, Annual General Meeting, Oct 31, 2022, at 11:00 W. Australia Standard Time. Location: Sugar Room, Ibis Perth, 334 Murray Street, PERTH WA 6000 Perth Australia Agenda: To discuss Ratification of Prior Issue of Shares to Aneles Consulting Services Pty Ltd. Duyuru • Sep 29
Classic Minerals Limited Announces Validated the Decision Taken to Invest in the Gekko Range of Equipment for Processing Kat Gap Gold Ore Classic Minerals Limited announced that it has validated the decision taken to invest in the Gekko range of equipment for processing Kat Gap gold ore. The test work completed by Nagrom in the laboratory1 has now been confirmed with the Gekko Inline Pressure Jig and Gekko Spinner delivering more than 95% of the liberated gold through a simple gravity process at a crush size of less than 2mm. The Gekko equipment also supported the decision that a low-cost plant will be able to deliver outstanding results. The plant configuration assists Classic in having a greener, chemical free footprint as there is no chemical involvement and the power usage is also very low compared to traditional gold processing plants. The Gekko Jig used, in the pilot plant setup, was an IPJ 1000 capable of processing a throughput of up to 30 tons per hour. Classic also has a Gekko IPJ 2400 which has a nameplate capacity of up to 100 tons per hour. The Pilot is capable of processing 10 tonnes of feed per hour, however, was run at 1-2 tph during the pilot in order to focus on understanding and optimising process dynamics rather than throughput rate. The Pilot is upgradeable to 100tph utilising the equipment which is already owned by Classic. Duyuru • Sep 20
Classic Minerals Limited Receives Further Assay Results from Its Extensive Infill RC Drilling Program at its Kat Gap Gold Project in Western Australia Classic Minerals Limited (‘Classic’, or ‘the Company’) announced that it has received further assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company has completed a further 11 holes for 680 metres at Kat Gap. Classic has drilled 35 holes for 2,125m at Kat Gap during July and August as part of a much larger 109-hole infill drilling campaign. This announcement covers the next 11 RC holes (FKGRC414424) of the 109-hole program. Subsequent holes will be reported on in due course when assays become available. Infill RC holes FKGRC414424 are located further south along strike from the first twenty-four holes (FKGRC390-413) reported on recently. These latest holes are situated around the bulk sample pit immediately north of the cross cutting Proterozoic dyke and form part of the much larger infill drilling pattern. The eleven holes completed are outside the red rectangle indicating the area of infill drilling in figure 1.0 and are shown as red dots. The holes have been drilled on a 10m x 5m grid spacings to hit further high-grade pinch and swell quartz veins beneath the bulk sample pit. The results have confirmed observations made while the bulk sample pit was mined and show that 10m x 10m and 10m x 5m drill spacing is adequate to hit these high-grade pinch and swell quartz zones. The total 109-hole infill RC drilling program mostly covers an area 100m to 300m along strike to the north of the Proterozoic dyke and 200m north along strike from the recent bulk sample mining operation. The need for closer spaced infill drilling has eventuated from the recent bulk sample mining operation. The pit was centred on an area of the resource block model, drilled on a 10m x 10m and 10m x 5m drill pattern, which came closest to the surface. The ore zone exposed during the bulk sample mining showed strong evidence of pinching and swelling of the main quartz veins over relatively short wavelengths of around 10-15m. To gain a higher level of confidence in the overall status of the current resource block model and to ensure adequate intersection of the higher-grade components of the gold ore zone, drilling needs to be conducted on a minimum of 10m spaced sections and 10m spaced holes on the section. This spacing will permit an upgrade from the current inferred status to indicated, needed for final pit design work. The infill program will also dramatically reduce the number of grade control RC holes required in pit once operations are underway. Most of the infill drilling will consist of relatively shallow holes down to depths of 40-80m. However deeper holes down to 100-160m will also be drilled to extend the known gold mineralisation to greater depths down dip. This work will hopefully add additional mineable ounces and a potentially larger final open pit design. The overall infill RC drilling program consists of 109 holes for 7,110m and should take approximately 4-6 weeks to complete weather permitting. Assay results will be released to the market as they become available. The RC drilling program was suspended again late last week due to severe weather conditions experienced on-site. Drilling should be underway again in a week or so. Duyuru • Sep 15
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,315,789
Price\Range: AUD 0.19
Transaction Features: Subsequent Direct Listing Duyuru • Sep 13
Classic Minerals Limited Receives Notification from the Department of Mines, Industry, Regulation and Safety (DMIRS) of an "Approval to Commence Extractive Mining Operations" for the Kat Gap Gold Mine (Project) Classic Minerals Limited announced that it has received notification from the Department of Mines, Industry, Regulation and Safety (DMIRS) of an "Approval To commence extractive Mining Operations" for the Kat Gap gold Mine (Project), following confirmation by DMIRS that the Project Management Plan (PMP) previously submitted by the Company satisfies the requirements under section 42 of the Mines Safety and Inspection Act 1994(WA) and Regulations 3.12 and 3.13 of the Mines Safety and Inspection Regulations 1995 (WA). This approval clears Classic of the key regulatory requirements for advancement of the Project and the Company is continuing to work with DMIRS and other agencies to secure the necessary remaining approvals required to commence on-site processing operations. The Classic team continues to investigate the mining schedule to accommodate any potential resource increase and production increases. Recent work has included a major infill drilling program to facilitate final pit design work, processing plant layout, TSF design and metallurgical gold recoveries to update project modelling. Onsite development is well advanced with clearing completed for major infrastructure ahead of PMP approval including mine administration offices, workshop areas, laydown yards, main access roads, camp site, mine construction and all surface development. Applications for related Works Approval regarding the processing facility and TSF Licensing have also been submitted to the Department of Water and Environmental Regulation (DWER) for approval, pursuant to environmental legislation and regulations, and are pending departmental approvals. The processing submission includes installation and operations of a gold circuit, gold room, product sampling, dewatering, crushing circuit Gekko gravity circuit, tailings storage facility, fuel systems, processing control systems and high voltage power among others. Remaining required approvals to deliver the processing facility and remaining infrastructure are expected in November 2022. Duyuru • Aug 18
Classic Minerals Limited Announces More High-Grade Gold Intercepts Returned from Infill Drilling At Kat Gap Classic Minerals Limited announced that it has received further assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company has completed a further 14 holes for 890 metres at Kat Gap. Classic has drilled 24 holes for 1,445m at Kat Gap during July and August as part of a much larger 109-hole infill drilling campaign. This announcement covers the next 14 RC holes (FKGRC400-413) of the 109-hole program. Subsequent holes will be reported on in due course when assays become available. Infill RC holes FKGRC400-413 are located adjacent to the first ten holes (FKGRC390-399) reported on recently. They are situated approximately 150m north along strike from the cross cutting Proterozoic dyke and form part of the much larger infill drilling pattern. The holes have been drilled on 10m x 10m and 10m x 5m grid spacings to bring the near surface parts of the inferred resource to indicated status prior to final pit design work. The total 109-hole infill RC drilling program covers an area 100m to 300m along strike to the north of the Proterozoic dyke and 200m north along strike from the recent bulk sample mining operation. The need for closer spaced infill drilling has eventuated from the recent bulk sample mining operation. The pit was centred on an area of the resource block model, drilled on a 10m x 5m drill pattern, which came closest to the surface. The ore zone exposed during the bulk sample mining showed evidence of slight pinch and swell over relatively short wavelengths of around 10-15m. To gain a higher level of confidence in the overall status of the current resource block model drilling needs to be conducted on a minimum of 10m spaced sections and 10m spaced holes on the section. This spacing will permit an upgrade from the current inferred status to indicated, needed for final pit design work. The infill program will also dramatically reduce the number of grade control RC holes required in pit once operations are underway. Most of the infill drilling will consist of relatively shallow holes down to depths of 40-70m. However deeper holes down to 100-140m will also be drilled to extend the known gold mineralisation to greater depths down dip. This work will hopefully add additional mineable ounces and a potentially larger final open pit design. The overall infill RC drilling program consists of 109 holes for 7,110m and should take approximately 4-6 weeks to complete weather permitting. Assay results will be released to the market as they become available. The RC drilling program was suspended last week due to severe weather conditions experienced on-site. Drilling should be underway again in a few weeks. Duyuru • Aug 03
Classic Minerals Limited Receives Assay Results from Its Extensive Infill RC Drilling Program At Its Kat Gap Gold Project in Western Australia Classic Minerals Limited announced that it has started receiving assay results from its extensive infill RC drilling program at its Kat Gap Gold Project in Western Australia. The Company completed a total of 10 holes for 555 meters at Kat Gap. Classic drilled 10 holes for 555m at Kat Gap during July as part of a much larger 109-hole infill drilling campaign. This announcement covers the first 10 RC holes (FKGRC390 - 399) of the 109-hole program. Subsequent holes will be reported on in due course when assays become available. Infill RC holes FKGRC390 - 399 are located approximately 200m north along strike from the cross cutting Proterozoic dyke and form part of the much larger infill drilling pattern. The holes have been drilled on 10m x 10m and 10m x 5m grid spacings to bring the near surface parts of the inferred resource to indicated status prior to final pit design work. The total 109-hole infill RC drilling program covers an area 300m along strike to the north of the Proterozoic dyke and 200m north along strike from the recent bulk sample mining operation. The need for closer spaced infill drilling has eventuated from the recent bulk sample mining operation. The pit was centered on an area of the resource block model, drilled on a 10m x 5m drill pattern, which came closest to the surface. The ore zone exposed during the bulk sample mining showed evidence of slight pinch and swell over relatively short wavelengths of around 10-15m. To gain a higher level of confidence in the overall status of the current resource block model drilling needs to be conducted on a minimum of 10m spaced sections and 10m spaced holes on the section. This spacing will permit an upgrade from the current inferred status to indicated. It will also aid greatly in final pit design work. Most of the infill drilling will consist of relatively shallow holes down to depths of 40-70m. However deeper holes down to 100-140m will also be drilled to extend the known gold mineralization to greater depths down dip. This work will hopefully add additional mineable ounces and a potentially larger final open pit design. The overall infill RC drilling program consists of 109 holes for 7,110m and should take approximately 4-6 weeks to complete weather permitting. Assay results will be released to the market as they become available. Duyuru • Jul 11
Classic Minerals Limited announced that it has received AUD 4 million in funding On July 11, 2022, Classic Minerals Limited closed the transaction. Duyuru • Jun 30
Classic Minerals Limited Reports It Has Struck Water in Its First Exploratory Drillhole At Its Flagship Kat Gap Gold Project Classic Minerals Limited reported it has struck water in its first exploratory drillhole at its flagship Kat Gap gold project. The discovery of substantial quantities of water is another major milestone for the Company and a vital ingredient for the gold processing plant. Strategically the water bore is located adjacent to the main haul road 1,100m from the processing plant. This will make pumping of the water to the processing plant relatively simple with limited infrastructure required. The water bore hole targeted a substantial fault zone identified from detailed aeromagnetic data. The fault zone is a regional structure and is expected to hold large quantities of ground water. Further drilling along this structure will be carried out soon to locate additional water supplies once formal approvals have been received. Testing of the water quality is currently underway. The FGP Tenements (excluding Kat Gap) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd. Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. For the avoidance of doubt Classic Ltd. owns a 100% interest in the gold rights on the Kat Gap Tenements and also non-gold rights including but not limited to nickel, lithium and other metals. Classic has a Global Mineral Resource of 8.24 Mt at 1.52 g/t for 403,906 ounces of gold, classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study suggesting both the technical and financial viability of the project. The current post-mining Mineral Resource for Lady Ada, Lady Magdalene and Kat Gap is tabulated below. Additional technical detail on the Mineral Resource estimation is provided, further in the text below and in the JORC as attached to ASX announcements dated 18th December 2019, 21st January 2020, and 20 April 2020. Duyuru • May 18
Classic Minerals Limited Announces KAT GAP Bulk Sample Exceeds 1000 Ounces Classic Minerals Limited reported it has mined more than 1,000 ounces of gold from its bulk sample mining operation at Kat Gap. The bulk sample produced 6,504 tonnes of gold bearing ore at an average grade of 4.82 g/t for a total of 1,011 ounces of contained gold. The pit was forecast to produce between 5,000 to 7,000 tonnes of ore at a grade of around 5 g/t. Total production of waste and ore combined came in at 48,970 tonnes. The waste and ore have been stockpiled separately. All the topsoil has been stored for future rehabilitation. The bulk of the over-burden removed to date has been placed on the designated waste dump as required. The ore zone, which came within 6m of the surface, was mined down to a vertical depth of 15m. The average width of the ore was around 5m and was mined over a strike length of 50m. The oxide ore consisted mainly of quartz veining and biotite alteration hosted entirely in the granite. The ore was easily distinguished from the waste material during mining mainly due to the alteration. Both footwall and hangingwall contacts were very clear making it easy to extract with minimal dilution. It was also moderately thicker on the pit floor than predicted by the resource block model. The ore was mined in 2m thick layers or flitches. Each flitch had an assigned grade and tonnage from the resource block model supplied by independent resource consultants Cadre Geology and Mining Pty Ltd. The overall grade for the ore mined was calculated using the weighted average grade for each flitch. Basic specific gravity measurements were taken of the ore and waste material to aid in tonnage calculations. Final metallurgical testwork on oxide samples from the bulk sample are underway together with geological and engineering studies based on observations taken from the pit. These observations will assist in final pit design work. Duyuru • May 12
Classic Minerals Limited Announces Completion of Mining of Bulk Sample Classic Minerals Limited announced that mining of the bulk sample at Kat Gap was finalised on 5th May 2022. The pit was mined within design parameters taking approximately 8 weeks to complete. The gold rich ore zone which came within 6 metres of the surface was extracted with minimal dilution and placed on a stockpiled separate from the waste. The ore zone was easily distinguished from the waste material during mining mainly due to the extensive quartz veining and biotite alteration. The ore contained very clear footwall and hangingwall contacts making it easy to extract. It was also moderately thicker on the pit floor than predicted by the resource model which is a positive for future mining operations. The Company is currently compiling the final production figures which it expects to release to the market in the coming week. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Gillian King was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 04
Classic Minerals Limited Provides Kat Gap Update Classic Minerals Limited announced the Department of Water and Environment Regulation (DWER) has given its approval to construct a well for the supply of water to be used in the processing facility. The approved area is only about a kilometre away from the facility. Dean Goodwin is extremely confident, that given his experience in this area, that there will be enough water for Classic's requirements. The development of the bore field will be done in stages with one bore to be completed, tested and water pumped to the tanks; before commencing on a second one, if required. In this manner Classic will be able to manage and draw only the approved amount of water, as required by the processing plant. Classic's Chairman, John Lester, has instructed the Company to be cognisant of the environment in all the mining activities and be responsible managers of all natural resources. The processing facility, which is about 7 Km away from the mining area, has been cleared and the shed and process water tanks erected. Duyuru • Mar 04
Classic Minerals Limited Announces Officially Re-Commenced Bulk Sample Mining At Its 100% Owned Kat Gap Gold Project Classic Minerals Limited announced it has officially re-commenced bulk sample mining at its 100% owned Kat Gap Gold Project. The processing of this ore sample will assist in calibration of mining and metallurgy parameters prior to full-scale mining and production from its Kat Gap gold project. Processing of this bulk sample is an important step ahead of full scale production activites, as it affords the Company the opportunity to test and refine the Gekko plant4. Classic will look to process between 5,000 7000 tonnes (t) of ore at between 4 and 6g/t Au for between 645 and 1,100 contained ounces of gold (Au) which is worth between $1.67 million to $2.86 million at a gold price of AUD 2,600. The bulk sample is only a very small portion of the current 93koz Mineral Resource. Approvals have been obtained to excavate up to 49,000t from the bulk sample at Kat Gap under the terms of the underlying (granted) Exploration tenure. Duyuru • Feb 18
Tribitrage Holdings Pty Ltd acquired 80% interest in Lithium Interest Rights at two Kat Gap mining Tenements near the Southern Cross region of WA from Classic Minerals Limited (ASX:CLZ) for AUD 0.3 million. Tribitrage Holdings Pty Ltd acquired 80% interest in Lithium Interest Rights at two Kat Gap mining Tenements near the Southern Cross region of WA from Classic Minerals Limited (ASX:CLZ) for AUD 0.3 million on February 16, 2022. Classic shall retain remaining 20% free-carried interest.
Tribitrage Holdings Pty Ltd completed the acquisition of 80% interest in Lithium Interest Rights at two Kat Gap mining Tenements near the Southern Cross region of WA from Classic Minerals Limited (ASX:CLZ) on February 16, 2022. Duyuru • Dec 03
Classic Minerals Limited announced that it expects to receive AUD 0.205 million in funding Classic Minerals Limited announced a private placement of 205,000,000 common shares at a price of AUD 0.001 per share for gross proceeds of AUD 205,000 on December 2, 2021. Duyuru • Sep 24
Classic Minerals Limited announced that it expects to receive AUD 2.77508 million in funding Classic Minerals Limited announced private placement of 2,349,720,000 shares at a price of AUD 0.001 per share for gross proceeds of AUD 2,349,720, 500,000,000 shares at a price of AUD 0.00085 per share for gross proceeds of AUD 425,000; for aggregate gross proceeds of AUD 2,774,720 on September 22, 2021. The company will also issue 36,000,000 options at a price of AUD 0.000010 per option for proceeds of AUD 360. Duyuru • Sep 08
Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.395 million. Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.395 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,842,307,692
Price\Range: AUD 0.0013 Duyuru • Jul 23
Classic Minerals Limited announced that it has received AUD 0.3 million in funding Classic Minerals Limited announced private placement of 300,000,000 shares at a price of AUD 0.001 per share for gross proceeds of AUD 300,000 on July 21, 2021. Duyuru • Jun 10
Classic Approved for Trial Mining with Intensive Exploration At Kat Gap Via Extraction of Bulk Sample Classic Minerals Limited announced it has achieved all required approvals for mining a bulk sample of ore that will assist in calibration of mining and metallurgy parameters prior to full-scale mining and production from its 100% owned Kat Gap Gold Project. This trial pit will further de-risk the Project and give the Company and its investors increased confidence in executing the greater mining operation. Three (3) key reasons for undertaking this Bulk Sampling (trial pit) operation are as follows: Metallurgical verification. Bulk sampling will give the Company the opportunity to test and fine tune the Gekko plant prior to full scale production. Mine engineering data. A trial pit will give the geological and engineering teams the ability to measure structural data firsthand from the walls and floor of the test pit. This additional data will allow selection of the best geotechnical parameters to maximise safety and minimize strip ratios. Realistic dilution and ore loss parameters will also be gleaned. This will assist project economics when full scale mining commences. Geological data. The trial pit will allow direct structural measurements to be taken of exposed gold mineralisation. Trial mining may also shed light on the presence and attitude of additional lodes that could be targeted for increases to resource inventory, which in turn could have a positive effect on project economics. Grade distribution can also be studied to determine how varying grade models stand up to results of the trial, allowing optimisation of both modelling and drilling activities. Duyuru • May 26
Classic Minerals Limited Announces Lodgedment of the Remaining Two Required Environmental Approval Applications to DMIRS for the Proposed Kat Gap Mine Development Footprint Classic Minerals Limited announced lodgedment of the remaining two required environmental approval applications to DMIRS for the proposed Kat Gap Mine development footprint. Following the recent grant of the Kat Gap Mining Lease (M74/249) by the Department of Mines, Industry Regulation and Safety (DMIRS) on 22 April 2021, both the Native Vegetation Clearing Permit application and the Mining Proposal (including Mine Closure Plan) application have been lodged. It is expected the process will take around 3 months for DMIRS to conduct the assessment
process in order to approve these applications. Should this expected time frame hold true, Classic Minerals will begin to generate potential revenue via the processing of the ore from it's 100% owned Kat Gap Gold Project Approval of the above-mentioned applications being the final significant hurdles prior to the commencement of production, the Company looks forward to the imminent commencement of mining and production operations. The Company will also update shareholders regarding agreements to use regional infrastructure and water access, which is another milestone to be achieved ahead of the commencement of mining and production operations. Duyuru • May 25
Classic Minerals Limited Commences Delivery of Gekko Plant to Kat Gap Classic Minerals Limited announced yet another significant milestone with the recently assembled Gekko Gold Processing Plant, now being transported from Classic's industrial yard in Perth to the Kat Gap Gold Project. The 100% complete and commissioned Gekko Plant has a 30 tonne per hour (tph) capacity and is scalable to a Gekko Python size plant with a processing capacity of 250 tph. This custom modular plant engineered around structural elements that are easy to erect on-site and minimise civil and infrastructure costs. JT Metallurgical Services Pty Ltd. (JTMS) undertook the testing and commissioning of the plant conducting such important services as generating a process flow diagram, process design criteria, mechanical equipment list, electrical load study and mass/water balance for the plant capable of achieving maximum gold recovery. Duyuru • May 21
Classic Minerals Limited Completes RC Infill Drilling at Kat Gap Project Classic Minerals Limited announced that it has completed its infill drilling campaign at Kat Gap Gold project, necessary to provide important resource model data for optimisation and final pit design work ahead of production. The RC infill drilling program consisted of 28 RC holes for a total 2,548m conducted over 120m of strike length, north of the cross cutting Proterozoic dyke and was conducted over 20m x 10m and 10m x 10m spacing. Assay results are expected mid-June 2021 and the company intendeds to embark on additional step-
out exploration programs in the coming months. The 100% owned Kat Gap Gold Project which lies 170km south of Southern Cross and has an initial JORC 92,869 oz at 2.96 g/t Au with gravity and conventional cyanide leach process proving 95%-96% recovery from both fresh and oxide samples. Classic Minerals remains on track to achieve first gold pour through the Gekko processing plant and mine at full capacity by the end of August 2021. Duyuru • Mar 04
Classic Minerals Limited (ASX:CLZ) acquired 100% interest in licenses P74/383 and P74/384 from Goldbridge Pty Ltd. Classic Minerals Limited (ASX:CLZ) acquired 100% interest in licenses P74/383 and P74/384 from Goldbridge Pty Ltd on December 31, 2020.
Classic Minerals Limited (ASX:CLZ) completed the acquisition of 100% interest in licenses P74/383 and P74/384 from Goldbridge Pty Ltd on December 31, 2020. Duyuru • Feb 16
Classic Minerals Limited Announces Infill and Extensional Drilling Delivers More High-Grade Gold Intercepts at Kat Gap Classic Minerals Limited announced infill and extensional drilling delivers more high-grade gold intercepts at Kat Gap. Highlights: Further infill and depth extensional RC drilling at Kat Gap return high-grade gold intercepts. Better results from most recent drilling include: 3m @ 12.00 g/t Au from 127m including 1m @ 17.90 g/t Au from 127m; 2m @ 9.45 g/t Au from 174m including 1m @ 17.80 g/t Au from 175m; 4m @ 7.96 g/t Au from 77m including 1m @ 20.90 g/t Au from 77m; 10m @ 4.58 g/t Au from 130m including 1m @ 10.60 g/t Au from 133m; 11m @ 3.63 g/t Au from 76m including 1m @ 11.80 g/t Au from 83m; 5m @ 6.60 g/t Au from 159m including 1m @ 20.60 g/t Au from 159m; 4m @ 5.00 g/t Au from 35m including 1m @ 11.40 g/t Au from 38m; 5m @ 4.77 g/t Au from 48m including 1m @ 21.60 g/t Au from 48m; 7m @ 4.20 g/t Au from 60m including 1m @ 22.00 g/t Au from 61m; 2m @ 8.73 g/t Au from 53m including 1m @ 14.90 g/t Au from 53m; Infill RC drilling at Kat Gap conducted over 300m of strike north of the cross cutting Proterozoic dyke. These new results incorporate infill drilling carried out between 150 and 300m north of the dyke; Infill RC holes conducted on 20m x 10m and 10m x 10m spacings. This coverage will provide more accurate resource model data for optimisation and final pit design work. Deeper RC drilling down to a maximum depth of 220m was completed late last year testing the potential down plunge extent of the near surface high grade gold mineralisation. A total of 18 holes for 2,824m were drilled. INTRODUCTION: A-focused gold exploration and development company Classic Minerals Limited announced that it has received all the outstanding assays results from its August - September and November December RC drilling programs at its Forrestania Gold Project (FGP) in Western Australia have now been received. The Company completed a total of 99 holes for 8,704 metres at Kat Gap. Drilling results from Kat Gap continued to deliver significant zones of high-grade gold mineralization from infill and deeper drilling programs. The results in this announcement are concentrated 100-300m north of the cross-cutting Proterozoic dyke. The infill RC drilling was conducted on a 10m x 10m and 20m x 10m pattern. The down plunge deeper RC program was focussed on an area just north of the dyke. Significant results from both drill programs are tabled below. Classic has finally received all outstanding assay results from its infill and deep extensional RC drilling programs completed back in August-September and November-December 2020. The drilling programs consisted of 81 infill holes for 5,588m and 18 deeper holes for 2,824m. Infill RC drilling: The 81-hole infill RC drilling program (FKGRC207-228, FKGRC231-245 and FKGRC267-313) covers an area approximately 300m along strike to the north of the Proterozoic dyke. The infill drilling was focused on testing the main granite-greenstone contact lode within the existing inferred resource to an average depth of 75m below surface. The holes have been drilled on 20m x 10m and 10m x 10m grid spacings to bring the near surface parts of the inferred resource to indicated status prior to final pit design work. Infill drilling has confirmed continuity of mineralised zones within the inferred resource model north of the Proterozoic dyke. Better results from the infill holes include: 1m @ 10.10g/t Au from 54m in FKGRC218; 4m @ 5.00g/t Au from 35m including 1m @ 11.40g/t Au from 38m in FKGRC222; 4m @ 7.96g/t Au from 77m including 1m @ 20.90g/t Au from 77m in FKGRC222; 5m @ 3.05g/t Au from 26m including 1m @ 11.20g/t Au from 27m in FKGRC239; 9m @ 2.70g/t Au from 28m in FKGRC240; 5m @ 4.77g/t Au from 48m including 1m @ 21.60g/t from 48m in FKGRC269; 9m @ 2.40g/t Au from 49m including 1m @ 15.10g/t Au from 57m in FKGRC303; 6m @ 2.52g/t Au from 45m including 1m @ 10.70g/t Au from 46m in FKGRC310; 7m @ 4.20g/t Au from 60m including 1m @ 22.00g/t from 61m in FKGRC313. Deep RC Drilling: Deeper RC holes testing the down plunge potential are all located within 100m north along strike from the cross cutting Proterozoic dyke and form part of the much larger future deeper drilling program. A total of 18 holes for 2,824m (FKGRC320 333 and FKGRC 339 342) were completed during November and December last year. Interpretation of the recently received assay data has confirmed a northerly plunge of about 55 degrees closely linked to the flattening or rolling of the granite-greenstone contact. The gold is associated with smokey grey quartz veins within weakly sheared granite some 10-15m in from the main granite-greenstone contact. The plunge line is completely open to the north. Better results from the deeper RC holes include: 11m @ 3.63g/t Au from 76m including 1m @ 11.80g/t Au from 83m in FKGRC320; 5m @ 4.37g/t Au from 121m including 1m @ 13.40g/t Au from 122m in FKGRC321; 10m @ 4.58g/t Au from 133m including 1m @ 10.60g/t Au from 133m in FKGRC323; 3m @ 6.63 g/t Au from 113m including 1m @ 11.60g/t Au from 113m in FKGRC329; 5m @ 6.60g/t Au from 159m including 1m @ 20.60g/t Au from 159m in FKGRC330; 3m @ 12.00g/t Au from 127m including 1m @ 17.90g/t Au from 127m in FKGRC331; 2m @ 9.45g/t Au from 174m including 1m @ 17.80g/t Au from 175m in FKGRC332; 3m @ 5.62g/t Au from 155m including 1m @ 11.70g/t Au from 156m FKGRC339. Previous Infill RC Drilling: Previously drilled infill RC holes FKGRC248 266 were announced back in October 2020. These holes were located 100m to 200m north along strike from the cross cutting Proterozoic dyke and formed part of the much larger infill drilling pattern. These holes were drilled on a 20m x 10m and 10m x 10m grid spacings. Better results from previously reported infill drilling include: 7m @ 2.33g/t Au from 33m in FKGRC249; 3m @ 2.47g/t Au from 26m in FKGRC250; 15m @ 2.97g/t Au from 38m including 4m @ 9.13g/t Au from 38m in FKGRC251; 2m @ 16.57 g/t Au from 46m including 1m @ 30.30g/t Au from 46m in FKGRC252; 6m @ 4.07g/t Au from 61m including 1m @ 16.10g/t Au from 65m in FKGRC254; 2m @ 6.22g/t Au from 56m in FKGRC257; 4m @ 8.97g/t Au from 46m including 1m @ 23.40g/t Au from 46m in FKGRC262; 10m @ 3.24g/t Au from 54m including 1m @ 18.40g/t Au from 54m FKGRC263; 3m @ 3.87g/t Au from 63m in FKGRC264. Classic will be heading back to Kat Gap in late March to conduct further deeper drilling down dip and down plunge of the current inferred resource. The program will entail drilling around 10-15 holes ranging in depth from 150m to 250m for approximately 3,000m. Shallow RC drilling is also planned out in the granite west of the granite-greenstone contact following up the large auger soil gold anomaly. Classic plans to drill around 15-20 holes for 1500m. Duyuru • Nov 21
Classic Minerals Limited announced that it has received AUD 1.2 million in funding Classic Minerals Limited (ASX:CLZ) announced a private placement of 1,200,000,000 common shares at a price of AUD 0.001 for gross proceeds of AUD 1,200,000 on November 20, 2020. The transaction included participation from professional and sophisticated investors. Duyuru • Jul 25
Classic Minerals Limited announced that it expects to receive AUD 0.5492 million in funding Classic Minerals Limited (ASX:CLZ) announced private placement of 549,200,000 shares at a price of AUD 0.001 per share for gross proceeds of AUD 549,200 on July 24, 2020. The company will also issue 100,000,000 options at a price of AUD 0.0001 per option for proceeds of AUD 10,000. The options are unlisted and exercisable at AUD 0.002 per share till March 1, 2022. The issue of options will be subject to shareholder approval at the next general meeting of the company.