New Address and Phone
71 Furniss Road, Landsdale WA 6065
Phone: (08) 6305 0221
Appendix 5B Quarterly Cash flow report
Quarterly Activities Report
Commencement of RC Drilling Program at Forrestania
About Classic Minerals
Classic Minerals is an exploration and development company focused on gold deposits in Western Australia’s famous Goldfields region. In March 2017, Classic acquired the Forrestania Gold Project, with seven tenements stretching across 450km². Strategically located in a very prospective region, the FGP is an underexplored package surrounded by multimillion ounce deposits such as Bounty (2Moz) and Yilgarn Star (1.5Moz).
Forrestania Gold Project: all the hallmarks of a significant gold project
The Forrestania Gold Project contains an existing Mineral Resource of 5.9Mt at 1.25g/t for 240,000 ounces of gold, classified and reported in accordance with the JORC Code (2012), with the recent Scoping Study indicating both the technical and financial viability of the project. The FGP gold assets include a high grade open pit mined by Sons of Gwalia – formerly Australia’s third-largest gold producer – in the early 2000s.