Classic Minerals is an emerging West Australian exploration company
Fraser Range Update - Stage 2 Drilling
Company Update - Presentation at AGM
Results of Meeting
Classic Minerals owns 100% interest in a total of four tenements and has the right to acquire a 90% interest in Mining Lease M57/619. The project areas are all located in the Eastern Goldfields, Murchison and Fraser Range districts of Western Australia, and proximal to the towns of Kalgoorlie and Meekatharra. The projects are considered to range between Greenfields to advanced exploration projects and are prospective for nickel, copper, cobalt, manganese, silver, gold, zinc, lead, iron and uranium mineralisation.
Non-Renounceable Entitlement Issue of Options
As disclosed in the Company’s Replacement Prospectus dated 1 March 2013, Classic now proposes to offer a non-renounceable entitlements issue of New Options (Issue) to all Shareholders registered on the share register (including holders of restricted securities) of the Company as at 28 August 2013 (Record Date). Eligible Shareholders will be entitled to participate in the Issue on the basis of one New Option for every two Shares held on the Record Date.
Classic tenements cover a total area of 380 km2 collectively in the Eastern Goldfields, Murchison and Fraser Range Provinces of Western Australia and in areas with identified highly anomalous nickel, copper, cobalt, manganese, gold, base metal, iron and uranium targets.View Project →
Located 160 km ESE of Kambalda and in the Fraser- Albany Mobile Belt, which further to the north hosts the 6.4 million ounce Havana and Tropicana gold deposits and 38 km to the south hosts the recently discovered and highly significant Sirius Resources NL Nova Nickel/Copper sulphide deposit. In this project which is highly prospective for copper, nickel, zinc and gold, Classic Minerals has identified 7 high priority targets from 18 electromagnetic conductors. Results from the 2 phases of drilling now complete have delivered anomalous copper, zinc and gold / silver results.View Project →
Located 100 km north west of Meekatharra and west of Yeelirrie in the Murchison Mineral Field, is prospective for a Yeelirrie type, valley calcrete uranium deposit. The calcrete deposits have developed within intermittently active flowing tributaries that overlie late ‘hot’ radiometric Archean granitic intrusive rocks.View Project →
Located in the Barrambie Greenstone Belt the project covers a historic underground gold mining operation with a small high grade gold deposit identified and further drilling would likely add to the gold resource potential of the area.View Project →
Located 75 km east of Kalgoorlie, prospective for detrital hematite, similar to a large alluvial deposit 5km to the west.Read more →