They dont claim to be a producer.."Classic Minerals is an...

They dont claim to be a producer..

"Classic Minerals is an exploration and development company transforming itself into a gold producer."

"Classic’s flagship Kat Gap Gold Project has been the focus of the majority of its recent exploration effort and is strategically located some 170 km south of Southern Cross and also some 50 km south of the Company’s Forrestania Gold Project.

With strong grades and near-surface mineralisation, as well as evidence of new zones outside the original drilling perimeters, there is now the option to fast track Kat Gap to early production. The Company has purchased an on-site processing plant (ASX 20 July 2020) and also is in discussions to generate an early revenue stream by initial toll treatment of ore."

"Classic aims to have the capability to commence production as soon as the mining approvals (MLA 74/249) and clearing permit have been granted. Currently the Company envisages a three stage mining plan with mineralisation beginning at only seven metres below surface with initial bulk sampling also capable of generating a revenue stream. Further infill and extensional drilling at Kat Gap is underway with results expected next month."

"CLZ intends to re-evaluate the exploration work to date, with a main focus on re-establishing mineral resources that can be classified and reported in accordance with JORC (2012). To achieve this, the company first intends to commence check-drilling (diamond core drilling), followed by extensional drilling using RC drilling.
CLZ will also start to assess the inclusion of Kat Gap in the FGP Scoping Study and mine plan and will report progress on this as it becomes available."