Classic Minerals Ltd
Classic Minerals Limited is an Australia-based company which is engaged in exploration of mineral resource-based projects, focusing on gold.
The business
Classic Minerals Limited is an Australia-based company which is engaged in exploration of mineral resource-based projects, focusing on gold. The Company holds approximately 578 square kilometers of tenements across two regional exploration areas in mineral-rich West Australia. It is focused on gold deposits in Western Australia's Goldfields region at Forrestania and Kat Gap. Its flagship Kat Gap Gold Project is located approximately 170 kilometers (km) south of Southern Cross and 50 km south of the Company's Forrestania Gold Project. The Forrestania Gold Project is located approximately 120 km south of Southern Cross, Western Australia and contains the Lady Ada and Lady Magdalene deposits. Its Fraser Range Project (E28/1904) is approximately 40 km to the northeast of the Sirius Nova deposit on the Fraser-Albany Mobile Belt, approximately 160 km east southeast of Kambalda. It holds approximately 28 km of strike across 84 square kilometers.
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Australia’s gold industry poised for rebound with major projects on the horizon
After momentarily securing the top position among global gold producers a couple of years ago, Australia has slipped to third place behind China and the Russian Federation. According to the World Gold Council (WGC), Australia produced 293.8 tonnes last year, far behind China’s 378.2t and Russia’s 321.8t. New figures from the office of Australia’s Chief […]
Classic Minerals on track with Forrestania gold acquisition and major funding boost
Classic Minerals (ASX: CLZ) has confirmed that AuResources continues to progress conditions related to a multi-million dollar funding facility. It was revealed in late February 2024 that AuResources would initially advance $15.3 million to Classic in support of its Western Australian gold developments. The terms sheet for the facility also included a provision for the […]
Classic Minerals reveals major upgrades to gold resources at Forrestania
Classic Minerals (ASX: CLZ) has announced a substantial upgrade to resources at the Lady Ada and Lady Magdalene targets within its Forrestania gold project in Western Australia. The new combined indicated resource sits at 1.49 million tonnes, grading up to 1.62 grams per tonne of gold for 69,966 ounces. The total inferred resource has also […]
Classic Minerals adds Lady Ada and Lady Magdalene mining lease to Forrestania gold project
Classic Minerals (ASX: CLZ) has added the Lady Ada and Lady Magdalene mining lease (M77/1310) to its Forrestania Gold Project in Western Australia. The lease – which encompasses critical sections around Classic’s existing E77/2239 and E77/2220 tenements and includes the P77/4291 and P77/4290 areas – is for a period of 21 years and covers an […]
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