News Articles for Classic Minerals

Classic Minerals has pumped up the combined indicated resources for its Lady Ada and Lady Magdalene deposits to establish a new mark of 69,966 ounces of gold at the company's Forrestania project near Southern Cross in Western Australia. Management says its inferred resource for the two projects now shows more than 227,613 gold ounces, bringing the combined indicated and inferred resource to 297,579 ounces.

A granted 21-year mining lease over two gold deposits set to join Classic Minerals' stable of operations will give the company what it says is a bigger play at its Forrestania project area near Southern Cross in Western Australia. The new 1804-hectare lease complements the company's existing Kat Gap mining operation and clears the pathway to an expanded operation.

Classic Minerals has its sights set on production at its Lady Ada and Lady Magdalene gold deposits in Western Australia after tabling a mining lease application for the Forrestania tenements that contain the two projects. Once approved, the licence will allow the company to mine all the gold resources at Lady Ada and Lady Magdalene, which currently hold a combined 311,050 ounces.

Classic Minerals appears set for a significant financial boost as it pushes towards production at its Kat Gap gold project after executing a binding term sheet with an international fintech for an initial US$10 million. The agreement with Swiss-based AuResources also provides for the advance of a further US$50 million in five tranches of US$10 million each.

Classic Minerals' bid to secure 100 per cent ownership of its Forrestania gold project - located near Southern Cross - from Reed Exploration has been delayed, due to some agreement conditions having not yet been satisfied.

Classic Minerals appears set to fully own its Forrestania gold project, south of Southern Cross in Western Australia, after it entered into an agreement with Hannans subsidiary Reed Exploration to purchase the final 20 per cent of the operation. Combined with its Kat Gap project, the company's total resource around Forrestania comes to 8.41 million tonnes at 1.45g/t gold for 391,417 ounces.

Classic Minerals will begin trial mining at its Kat Gap project in Western Australia's goldfields as it looks to calculate an ore reserve prior to moving into full-scale gold mining and production. The company says the pit will take about two months to complete, cost about $1.5 million and will target fully-oxidized high-grade ore, representing about half the indicated resource, to about 45m.

ASX-listed Classic Minerals has ticked off another key milestone for its Kat Gap gold mine in Western Australia, after using its Butchart table separator to produce gold concentrate that will now be processed into gold dore. Management says smelting its concentrate will generate revenue that will fund stage-one mining at the Kat Gap pit and targeted exploration in an effort to build more ounces.

Classic Minerals has successfully completed the commissioning of its Kat Gap processing plant in Western Australia's Goldfields region and has declared it will have its first bar of gold doré smelted this month. The company is set to start processing its 6504 tonnes of bulk sample ore at an average head grade of 6.06g/t, using a combined modular-designed “Gekko” and conventional processing plant.

Classic Minerals has officially begun wet commissioning of the processing plant at its Kat Gap gold project in Western Australia's Wheatbelt region, with first ore expected to be produced this month. Management says it will use part of its bulk sample ore to complete the commissioning phase before processing the balance through its gravity circuit.

Classic Minerals' Kat Gap processing plant in Western Australia's Wheatbelt region has secured a key endorsement for its efficient approach to gravity gold recovery after an independent evaluation of the company's circuit design. An independent reviewer found that the company's bench and pilot-scale tests indicate its current configuration is well suited to maximise the recovery of gravity-recoverable gold.

Classic Minerals has won approval from the WA Government to spud a second water-bore to help run its “Gekko” processing plant and to suppress dust at its Western Australian Wheatbelt-based Kat Gap gold project. The bore will provide vital operational water supply security as the State's imminent next gold producer gears up to join the production ranks.

Classic Minerals' Kat Gap gold mine is set for first production this month after the successful installation of its 2MW power plant at the site in Western Australia's Goldfields region. The company can now rev up its “Gekko” processing plant and is perfectly poised to become WA's next gold producer, with more than 700,000 ounces of gold sitting in its resource estimates.

Classic Minerals has pencilled in later this month to commission a new processing facility at its Kat Gap gold mine in Western Australia's Goldfields region. Successful commissioning will clear the company to begin gold production. It says its ore is already sitting and waiting on the facility's ROM pad as it eyes ramping up production of up to 100,000 tonnes per annum.

Classic Minerals has forecast a start to gold production in June after completing bulk earthworks for the tailings storage facility at its wholly-owned Kat Gap gold mine, which is under construction 170km south of Southern Cross in WA's Central Wheatbelt. The facility will be ready for use in May after the company installs a liner and monitoring bores.

Classic Minerals has joined the ranks of WA gold miners after hauling the first ore from its wholly-owned Kat Gap gold mine, which sits 170km south of Southern Cross in the State's Central Wheatbelt. Initial haulage is focused on 6500 tonnes of ore recovered from the bulk sample pit. Kat Gap has a healthy grade of 2.96 g/t gold with near-surface mineralisation.

ASX-listed Classic Minerals is making steady progress on its ambitions to become a gold producer and has begun installing a processing plant on foundations at the company's flagship Kat Gap project in the WA Goldfields. The heaviest parts of the Australian-made Gekko plant are being secured to foundations and work is beginning on ancillary structures, electrical and plumbing scopes.

Classic Minerals has made significant progress on the construction of its Kat Gap gold processing plant with both internal and external concrete foundations completed. The company says the external foundations will support the beneficiation plant whilst the internal concrete slab will be used to support the gold room.

Construction of Classic Minerals' gold mine at Kat Gap in WA is moving closer to becoming a reality with the tailing storage facility 45 per cent complete and the Turkey's Nest pipeline edging towards completion. The company says tailings facility liners will be installed in early March. Kat Gap boasts a 2.96 g/t gold head grade and Classic's Gecko gravity processing plant is expected to recover over 73 per cent of the gold at low cost.

Classic Minerals has received high-grade results from extensional drilling at its flagship Kat Gap gold project in the Goldfields region of WA as the company moves steadily closer to production at the site. Assay highlights include a 6m section going a solid 12.12 grams per tonne gold from 70m including a 1m hit at an impressive 51.1 g/t gold from 70m whilst a second hole returned a 10m intercept grading 9.26 g/t gold from 57m including 3m recording 28.3 g/t gold from 70m.

There will be no tools down at Classic Minerals this Christmas as the WA gold explorer races finish its Kat Gap processing plant south of Southern Cross with work on the 70,000-tonne tailings facil

Classic Minerals has attracted the interest of global investment group LDA Capital who will provide a $15m equity line over the next three years for Classic to develop its 93,000 ounce high grade Kat Gap gold deposit in WA's Southern Cross region. The company has also locked away a $5m con-note to turbo-charge the funding options for Kat Gap and its greater Forrestania project area.

Classic Minerals has received approval to build a key piece of infrastructure for its gold processing plant at the company's Kat Gap project in the Goldfields with a water pipeline getting the green light. The water bore is located near the main haul road 1100m from the processing plant that will simplify the pumping process. The pipeline will be placed above ground so limited additional infrastructure will be required.

ASX-listed Classic Minerals is forging ahead with earthworks for its tailings storage facility after its Kat Gap project in WA's Goldfields received the green light from the State regulator earlier this month. The final approvals bring Classic a step closer to its goal of evolving from explorer to producer and it's going full-steam ahead for a prompt completion of that journey.

WA-focused gold explorer Classic Minerals has received final approval from the state regulator to produce gold from the company's flagship Kat Gap project south of Southern Cross in WA. The company says over the coming months it will move from a pure explorer to gold producer. Classic intends to take a staged mining approach at Kat Gap as it looks to reduce early overhead costs and mitigate risk.

After receiving regulatory approvals, ASX-listed gold-focused Classic Minerals has commenced construction activities for the development of the company's 100 per cent owned and recently approved Kat Gap gold mine south of Southern Cross in WA. A series of earthwork activities including the stripping and stockpiling of vegetation and topsoil began earlier this month ahead of stage 1 mining.

WA-focussed gold developer Classic Minerals has launched a 3000m drilling program at its Kat Gap project as it looks to follow up on high-grade shallow mineralisation struck in ongoing infill work. The 20-hole campaign will follow up a suite of notable near surface strikes including 3m at 13.23 grams per tonne gold from 32m.

Classic Minerals has entered into a non-binding Memorandum of Understanding with private company Barto Gold Mining for the toll treatment of ore from the company's flagship Kat Gap gold deposit in WA. The non-binding agreement comes not long after the ink dried on Classic's terms sheet with another private company Goldvalley Brown Stone for $10 million in non-recourse funding to facilitate the extraction and processing of its ore.

In a pilot run of its innovative “Gekko” gold processing plant, Classic Minerals has achieved an average grade of 6.06 grams per tonne gold using its first bulk sample of ore from the company's Kat Gap gold resource that averages 2.96 g/t gold. Encouragingly, the pilot head grade was much higher than the average inferred resource grade calculated in April 2020.

Classic Minerals has delivered more high-grade gold intercepts from infill RC drilling at the company's flagship Kat Gap gold project 170km south of Southern Cross in WA. Significant results include a 1m hit going 47.5 g/t gold from 20m and a broader 6m strike going 4.08 g/t from 48m. The results come from another 32 holes of Classic's 109-hole infill program designed to provide more accurate data for the company's resource model as it looks to start producing.

After a pilot test run to assess the suitability of its plant to process ore from the company's premier Kat Gap deposit, Classic Minerals' Gekko processing plant has outperformed its expectations. The low-cost modular plant delivered more than 95 per cent of the liberated gold through a simple gravity process. After receiving approval for a tailings storage facility the company will now move to assemble its plant before commencing the processing of ore and finally the production of long awaited gold.

Classic Minerals has continued its run of high-grade gold intercepts from infill drilling at its Kat Gap project near Southern Cross in WA after the company completed a further 11 holes for 680m at the site. The company has now drilled 35 holes for a total of 2125m as part of the larger 109-hole infill campaign over 7110m with the latest results from around the bulk sample pit at its flagship project.

Classic Minerals has been given the green light to begin production at its Kat Gap gold mine near Southern Cross after officially receiving WA Department of Mines, Industry Regulation and Safety approval. The Kat Gap deposit hosts almost 93,000 ounces of an inferred mineral resource at 2.96 grams per tonne gold and is the principal contributor to the company's total gold inventory of more than 400,000 ounces.

Classic Minerals' share price skyrocketed over 290 per cent during intraday trading after news the company had secured a cash injection worth up to $10 million to take its flagship Kat Gap gold project in WA to production. The deal saw over 200 million securities exchange hands, representing nearly all of its shares on offer as punters clamoured to get in on the action.

Classic Minerals has delivered more high-grade gold intercepts from infill RC drilling at the company's flagship Kat Gap gold project, 170km south of Southern Cross in WA. Significant results include a 1m hit going 40.1 g/t gold from 33m within a 2m intercept at 21.07 g/t also from 33m. The results come from another 14 holes that have been completed from Classic's 109-hole infill program.

Classic Minerals has returned high-grade gold intercepts from the first 10 holes of an RC drilling campaign at its flagship Kat Gap project near Southern Cross in WA's Goldfields region. Assays include a 3m intercept going 13.23 g/t gold from 32m including 1m reading a substantial 17 g/t gold from 34m. The 109-hole infill program was designed following Classic's recent bulk sample operation that mined 1011 ounces of gold.

Classic Minerals has moved closer to full-scale production at its flagship Kat Gap project near Southern Cross in Western Australia after hitting a substantial body of water in its first exploratory hole. The company considers the discovery an important milestone given that water is an essential ingredient in treating the precious metal at the operation's gold processing facility.

In its bulk sample mining operation, gold developer Classic Minerals mined 1011 ounces of gold from its Kat Gap deposit, 170km south of Southern Cross in WA. The precious metal is currently sitting in its stockpile of 6504 tonnes of ore grading 4.82 g/t gold and will be used to dial in the company's mobile gecko gold plant once it is assembled.

Gold-focused explorer Classic Minerals is energised in its final run to production at its flagship Western Australian project after receiving approvals from the state regulator to assemble its gold processing plant and drill a water bore. Given water is required to run its plant, Classic sees the approval as an essential milestone towards processing.

The shallow, gold orebody at Classic Minerals' flagship Kat Gap project has been revealed for the first time. The gold explorer says the ground-breaking exposure is only 7m below the surface and comes from a shallow hole in the floor of the bulk sample mining pit. The company plans to remove the remaining overburden after a three-kilogram sample was crushed and panned yielding fine visible gold.