New Address and Phone
71 Furniss Road, Landsdale WA 6065
Phone: (08) 6305 0221
Annual Report for Year Ended 30 June 2020
General Meeting and Proxy Form
Kat Gap ‘Company Builds’ Classic Minerals Into a Gold Producer
Classic Minerals is an exploration and development company transforming itself into a gold producer. It is focused on gold deposits in Western Australia’s famous Goldfields region at Forrestania and Kat Gap.
Classic’s flagship Kat Gap Gold Project has been the focus of the majority of its recent exploration effort. To facilitate early gold mining and processing, the Company on July 20 announced that it has purchased a Gekko on-site processing plant. The Australian made Gekko processing system is a transportable modular design that is scalable and is perfectly suited to the Kat Gap mineralisation. Also, the company is in discussions to generate an early revenue stream by initial toll treatment of ore. Classic aims to have the capability to commence production as soon as the mining approvals and a clearing permit have been granted.
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 a 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.