WA-focused gold mining company, Classic Minerals Ltd. has submitted a capital Call Notice to LDA Capital Limited targeting a AUD $592,000.00 equity draw-down under the terms of its strategic $15 million Put Option Agreement with the US-based financier. . Chairman John Lester said the final pricing and amount to be raised would be determined in accordance with the terms and conditions of the Agreement in the next few [...]
WA-focused gold exploration and development company Classic Minerals Ltd. 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 . Site construction is currently focused on surface earthworks including workshop and processing plant installation and TSF. The stage 1 TSF [...]
Classic Minerals Ltd. advises that the pricing period forthe LDA Capital Limited 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 . LDA has subscribed for 142,000,000 shares of the 212,003,617 shares put to LDA pursuant to the Call Notice for a total of $452,990.00 at a price per Subscription Share of $0.00319. The [...]
WA-focused gold mining company, Classic Minerals Ltd. 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. The FGP Tenements 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 [...]
WA-focused gold mining company, Classic Minerals Ltd. 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. The FGP Tenements are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd . Classic has acquired 80% of [...]
WA-focused gold mining company, Classic Minerals Ltd. 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 [...]
WA-focused gold mining company, Classic Minerals Ltd. 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 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 . The aerial picture* with the [...]
Classic Minerals Ltd. 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 [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to 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 [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to report that construction activities are continuing at the Kat Gap processing facility over the Christmas break. Classic Minerals has achieved an estimated 25% completion of the construction of the Kat Gap processing facility. Following the arrival of the first dozer to the mine site in October 2022 and having obtained all the requisite [...]
WA-focused gold mining company, Classic Minerals Ltd. is pleased to provide the details of a A$15 million equity funding package to be provided by LDA Capital Limited . Classic Minerals secures a total of A$20.1 million in funding, in 2 parts, to allow for the execution of all its phase 1 project development. o A$15m in equity capital signed with US institutional investment group LDA Capital via put option agreement o [...]
WA-focused gold exploration and development company Classic Minerals Ltd. is pleased to report 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 [...]
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