Ann: Quarterly Activities and Cashflow Report, page-6

Classic Minerals have made significant progress in the quarter to becoming a gold miner.
Highlights of the quarter include:
• a maiden 2012 JORC-compliant Inferred Mineral Resource Estimate at Kat Gap;
• completing drill campaigns at three locations at the Forrestania Gold Project;
• lodging an application for a Mining Lease at Kat Gap;
• commencing metallurgical test work on mineralised samples at Kat Gap, and
• advancing mining studies at Kat Gap.
A total of 43 RC holes were drilled for a total of 2715m in the quarter.

The development of the Forrestania Gold Project will continue to advance in Q1 FY2021
concentrating on:
• Extending newly identified, axial planar, high-grade gold mineralisation up-dip and
along strike into areas with no previous drilling;
• Continuing RC drilling at Kat Gap, north along strike and south along the granitegreenstone contact tracking mineralisation;
• Targeting the interpreted plunge component of high-grade gold mineralisation
with deeper RC drilling;
• Planning exploration on priority regional targets within the FGP;
• Advancing all aspects of the mining plan at Kat Gap;
• Acquisition of necessary mining equipment for Kat Gap, and
• Continuing to raise capital & pay down debt & liabilities to improve the financial position
of the Company.