Classic Minerals Limited ("Classic" or the "Company") (ASX Code:...

Classic Minerals Limited ("Classic" or the "Company") (ASX Code: CLZ) is pleased to advise that it has completed a Scoping Study (“Study”) based on the Inferred and Indicated Mineral Resource at its 80% owned Forrestania Gold Project (“FGP” or “the Project”), located approximately 120 km south of Southern Cross, WA and 17 km southwest of the historic Bounty Mine site (mined/current resources of +2.0M oz Au). This Scoping Study refers to the Lady Ada (formally referred to as Blue Haze) and Lady Magdalene (formally Red Haze) deposits.

Classic will also aim to release a more detailed summary of the Scoping Study outcomes, including economic/production outcomes over the coming 2 weeks.