Projects
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.
Forrestania Gold Project
Classic’s Forrestania Gold Project is located approximately 120 km south of Southern Cross, Western Australia and hosts JORC (2012) compliant Mineral Resources of 6.95 million tonnes at 1.33 g/t gold for 297,579 ounces across the Lady Ada and Lady Magdalene deposits. The project sits within Mining Lease M77/1310 and represents the Company's core development asset.
Fraser Range 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 40 km to the south hosts the recently discovered and highly significant Sirius Resources NL Nova Nickel/Copper sulphide deposit.