Ann: Classic Submits Call Notice To LDA Capital., page-41

They would need to make a profit first to pay anything and that hasn’t yet been proven.

Wiping out debt has never been CLZ’s priority, why would they start now?

They also have other resources to develop and a lot more drilling, why wouldn’t they spend it there at the same time they are mining?

They don’t have a history of paying down debt and it keeps increasing so good luck with that!

Also to put the WHOLE operation in perspective so far:

Total Cost of Production to stage of Operation
= $150m (Total Accumulated Losses)

KAT GAP (93k inferred oz)
$2695.8 per oz
= $250.8M

Cost per Ounce
$1862 per oz
= $173.1M

Balance
$77.7M

Cost of Prod - Balance =
$72.3M NET LOSS

Essentially the mining operation is NOT PROFITABLE for the amount CLZ has spent and should never have been started!

Refer: Cost of Gold Production
https://www.gold.org/goldhub/gold-focus/2022/12/gold-miners-costs-rise-again-q322-rate-increase-has-slowed