Classic Minerals Limited (ASX:CLZ) Quarterly Activities Report

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 parts, to allow for the execution of all its phase 1 project development.

- Extensional RC drilling has returned high grade gold results north of the cross cutting Proterozoic dyke.

- Gekko gravity gold treatment plant pilot run returned 73.2% gravity recovery at 6.06g/t average head grade.

- IGO carried out only minor desktop work on the Fraser Range Nickel project.

*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/QS0B8365

Classic Minerals Ltd
T: +61-8-6305-0221
E: contact@classicminerals.com.au
WWW: www.classicminerals.com.au