Perth, Australia (ABN Newswire) – Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) is pleased to announce that construction activities have commenced at the site for the development of the gold Kat Gap 100% owned by the company as permitted by the approved mining proposal (MP), mine closure plan (MCP) and project management plan (PMP).
After obtaining all required regulatory approvals, stripping and stockpiling of vegetation and topsoil commenced in mid-October 2022. These earthmoving activities are a necessary prerequisite to commencing mining.
We engaged heavy machinery in the construction of internal roads, the bulldozer to clear areas for waste rock dumps, the cleaning and preparation of ROM blocks, offices, administrative areas and workshops. The site power supply is also upgraded in preparation for the camp upgrade. More camp buildings will arrive shortly to complete the camp upgrade.
Overall progress remains on track, with gold production expected towards the end of the first quarter of 2023. Classic is still awaiting treatment approval. Once received, the Company will begin construction of the tailings storage facility (TSF) and reassemble the Gekko gold processing plant.
The company is seeking to have the Kat Gap site ready for Phase 1 surface mining before the end of 2022. Classic also plans to begin commissioning activities for the dry crushing plant before the end of the year. The Company looks forward to providing regular updates to shareholders as the construction and commissioning program progresses over the coming months.
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About Classic Minerals Limited:
Classic Minerals Limited (ASX:CLZ) is an exploration and development company focused on gold deposits in the famous Goldfields region of Western Australia. In March 2017, Classic acquired the Forrestania Gold project, with seven buildings spanning 450 km2. Strategically located in a highly prospective region, the FGP is an under-explored package surrounded by multi-million ounce deposits such as Bounty (2Moz) and Yilgarn Star (1.5Moz).
Classic Minerals Limited
Classic Minerals Ltd T: +61-8-6305-0221 E: [email protected] WWW: www.classicminerals.com.au