Important bits:* CLZ has made an agreement to pay back LDA for...

Important bits:

* CLZ has made an agreement to pay back LDA for these staggered loans commencing 30/10/2024.

*They have only JUST applied for a mining license for the two smaller tenements, one of which has no indicated anount of gold only inferred.

* If everything goes well they will COMMENCE mining fiscal year 24/25

* "1. Resource Depletion and Mine Planning: Classic Minerals Ltd is committed to a thorough cash flow
analysis, scheduling mining activities to commence either upon depletion of the Kat Gap resource"

This means, if everything goes well they will be minig ore by the tail end of this year, not producing pure gold ingots. Nothing, so far, has gone well for clz.

The are expecting the kat gap to run out of gold by the end of this year, then they will start mining Ada and Magdalene.

They will most likely miss their first debt paymebt for LDA.

Ignoring garfs nonsensical upramping its prrtty clear this mob tanked years ago.

DYOR, but Id spend my money elsewhere.