News & Videos - CLASSIC MINERALS LTD

Perth, Australia (ABN Newswire) - WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) has submitted a capital Call Notice to LDA Capital Limited (LDA Capital) targeting a AUD $550,000.00 equity draw-down under the terms of its strategic $15 million Put Option Agreement (Agreement or Facility) with the US-based financier. (See ASX Announcement dated 15 December 2022). Chairman John Lester said the final pricing and amount to be raised would be determined...

Perth, Australia (ABN Newswire) - Classic Minerals Ltd (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) announces that Wet commissioning of the processing plant at its Kat Gap gold project has commenced. The Company will use part of the bulk sample ore for completing this wet commissioning phase, and ongoing calibration required for efficient and automated throughput, before processing the balance through the gravity circuit. Highlights - Industrial Power Solutions Pty Ltd (IPS) commences Wet commissioning...

Perth, Australia (ABN Newswire) - Gold development company Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) recently engaged Independent Metallurgical Operations Pty Ltd (IMO) to evaluate the Kat Gap processing plant design. IMO provided the services of Mr Grant Harding (F AusIMM) who has inspected the process plant and following a comprehensive evaluation of the current circuit design has confirmed the Kat Gap processing plant is fit for purpose. Understanding Classic's objective of...

Perth, Australia (ABN Newswire) - Gold development company Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) announces that the Department of Water and Environmental Regulation (DWER) has granted the Company a Licence to drill a second groundwater bore for Kat Gap Gold Project. Under the Licence to Take Water Instrument number: GWL207298, Classic is permitted to extract an annual amount of 100,000Kl of water. The grant of this additional water bore licence will secure access to water...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) Gold development company Classic Minerals Ltd is pleased to announce a significant confidence upgrade in the gold resource at its flagship Kat Gap Project. 20,488oz of the previous Inferred Gold Resource has been successfully upgraded to Indicated. This is a pivotal milestone in the project's advancement towards stage 1 extraction, processing and monetisation. Highlights: - Addition of 20k oz Indicated...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) has successfully installed a power plant with a capacity of 2 megawatts (MW). This dedicated power source provides more than sufficient electricity to service the current infrastructure and additional processing equipment at the Kat Gap gold processing facility. The strategic design of the power plant allows for future expansion whilst accommodating a scaling up of processing throughput. The...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to announce the installation of a Vibrating Wire Piezometers (VWP) telemetry network at the Kat Gap Gold Project. This installation is a crucial component of the approved Tailings Storage Facility (TSF) design, allowing for comprehensive monitoring of groundwater pressures beneath and within the embankments forming the TSF. In accordance with the TSF Design (Approved) (REC doc. No....

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) advises that the pricing period forthe LDA Capital Limited (LDA) subscription has expired and LDA has now completed the subscription for shares pursuant to the Call Notice given to LDA as announced on 31 March 2023 (see ASX Announcement: Classic Submits Call Notice to LDA Capital). LDA has subscribed for 554,588,344 shares (Subscription Shares) of the 658,000,000 shares (Collateral Shares) put to LDA...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to provide an update on the progress of its gold processing plant. These facilities are currently under construction by IPS (Industrial Power Solutions Pty Ltd) and are on track to be commissioned this month, completing all construction requirements for Classic Minerals Ltd to commence gold production. IPS is a renowned industry leader in constructing processing plants and has been working...

Perth, Australia (ABN Newswire) - Western Australian based gold mining company Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to report that the construction activities for the Kat Gap processing facility are moving forward at the Kat Gap project which located approximately 120 km south-east of Southern Cross, in Western Australia. The company has completed 100% of HDPE Lining of the TSF. The lining of the tailings dam was required to allow the company to use chemical...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) made good progress at Kat Gap during the quarter as it progresses to a gold producer. Highlights of the quarter include: - Site construction continued ahead of Stage 1 Mining operations. - Tailings Dam Facility (TSF) bulk earth works nearing 80% completion. - Gekko gravity gold treatment plant foundations successfully laid. - Critical milling and Gekko gravity separation components positioned on...

Perth, Australia (ABN Newswire) - Western Australian based gold mining company Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to report that the construction activities for the Kat Gap processing facility are moving forward at the Kat Gap project located approximately 120 km south-southeast of Southern Cross, in Western Australia. The company has completed 100% of the bulk earthworks required for the construction of the Tailings Storage Facility (TSF) and is now...

Perth, Australia (ABN Newswire) - WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) has submitted a capital Call Notice to LDA Capital Limited (LDA Capital) targeting a AUD $592,000.00 equity draw-down under the terms of its strategic $15 million Put Option Agreement (Agreement or Facility) with the US-based financier. (See ASX Announcement dated 15 December, 2022). Chairman John Lester said the final pricing and amount to be raised would be determined...

Perth, Australia (ABN Newswire) - WA-focused gold exploration and development company Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to report that construction activities are continuing at the Kat Gap processing facility. Classic has achieved an estimated 80% completion of the construction of the Kat Gap Tailings Storage Facility (TSF). Site construction is currently focused on surface earthworks including workshop and processing plant installation and TSF. The stage 1...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) advises that the pricing period forthe LDA Capital Limited (LDA) subscription has expired and LDA has now completed the subscription for shares pursuant to the Call Notice given to LDA as announced on 03 February 2023 (see ASX Announcement: Classic Submits Call Notice to LDA Capital). LDA has subscribed for 142,000,000 shares (Subscription Shares) of the 212,003,617 shares (Collateral Shares) put to...

Perth, Australia (ABN Newswire) - WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to provide an update on activities at Kat Gap. The ancillary and supporting structures as well as all electrical and plumbing work will now commence. ABOUT THE FORRESTANIA GOLD PROJECT 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 (ASX:HNR). Classic has acquired...

Perth, Australia (ABN Newswire) - WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to provide an update on activities at Kat Gap. Classic has commenced the haulage of the ~6,500 tons of ore recovered from the Bulk Sample pit to the plant site as detailed in pictures in the link below. ABOUT THE FORRESTANIA GOLD PROJECT The FGP Tenements (excluding Kat Gap) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of...

Perth, Australia (ABN Newswire) - WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to provide an update on activities at Kat Gap. Classic has completed the foundations both outside and inside the shed. The external foundations will support the beneficiation plant; while the internal one will support the Gold Room. As soon as the 8 days curing is completed the transfer of the plant parts onto the foundations will commence. The Company will...

Perth, Australia (ABN Newswire) - WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to provide 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. We 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*...

Perth, Australia (ABN Newswire) - Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) made good progress at Kat Gap during the quarter as it moves to becoming a gold producer. Highlights of the quarter include: - The Company received formal approvals from DMIRS for its Gekko Processing Plant allowing for the commencement of production and cashflow at Kat Gap. - Site construction commenced ahead of Stage 1 Mining operations. - The Company secured a total of A$20.5M in funding, in two...