WA-focused gold mining company, Classic Minerals Ltd. has submitted a capital Call Notice to LDA Capital Limited targeting a AUD $550,000.00 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 [...]
Classic Minerals Ltd. 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 commences Wet commissioning [...]
Gold development company Classic Minerals Ltd. recently engaged Independent Metallurgical Operations Pty Ltd to evaluate the Kat Gap processing plant design. IMO provided the services of Mr Grant Harding 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 expediting [...]
Gold development company Classic Minerals Ltd. announces that the Department of Water and Environmental Regulation 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 to [...]
Classic Minerals Ltd. 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 [...]
Classic Minerals Ltd. has successfully installed a power plant with a capacity of 2 megawatts . 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 installation [...]
Classic Minerals Ltd. is pleased to announce the installation of a Vibrating Wire Piezometers telemetry network at the Kat Gap Gold Project. This installation is a crucial component of the approved Tailings Storage Facility design, allowing for comprehensive monitoring of groundwater pressures beneath and within the embankments forming the TSF. In accordance with the TSF Design , a series of monitoring points, comprising [...]
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 31 March 2023 . LDA has subscribed for 554,588,344 shares of the 658,000,000 shares put to LDA pursuant to the Call Notice for a total of $494,080.00 at a price per Subscription Share of $0.00089. The price [...]
Classic Minerals Ltd. is pleased to provide an update on the progress of its gold processing plant. These facilities are currently under construction by IPS 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 tirelessly to ensure the timely [...]
Western Australian based gold mining company Classic Minerals Ltd. 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 [...]
Classic Minerals Ltd. 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 bulk earth works nearing 80% completion. - Gekko gravity gold treatment plant foundations successfully laid. - Critical milling and Gekko gravity separation components positioned on [...]
Western Australian based gold mining company Classic Minerals Ltd. 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 and is now [...]
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