About Classic Minerals
Expanding its focus from exploration to mining, West Australian-based, minerals house Classic Minerals Ltd holds a pipeline of projects and continues to examine new opportunities both cyclic and counter-cyclic.
Classic Minerals Ltd holds approximately 500 km² of prospective tenure within the Forrestania Greenstone Belt in Western Australia, one of the state’s most established gold producing regions. The Company’s primary focus is the Forrestania Gold Project, which hosts the Lady Ada and Lady Magdalene deposits, where Classic retains existing and ongoing 80% gold rights. These deposits form the foundation of Classic’s development strategy within the Forrestania region.
Right place
Strategically located in a very prospective region within Western Australia’s famous Goldfields, the Forrestania Gold Project is an underexplored package surrounded by multimillion ounce deposits such as Bounty (2Moz) and Yilgarn Star (1.5Moz). The 450km² tenement package covers over 50km strike length of the Forrestania greenstone belt, which provides multiple options for exploration and development. Past resource conversion and exploration results demonstrate exploration and upside potential.
Right infrastructure
The FGP is located approximately 4 hours from Perth by road, 2.5 hours from Kalgoorlie and about 1.5 hours from Southern Cross. Substantial exploration targets are within trucking range of the processing plant, while the project itself is connected to grid power and water. There are also multiple logistical advantages, including a short commute for employees, close to transport infrastructure and a favourable climate.