Perth based Classic Minerals Limited (the “Company” or “CLZ”) is...

Perth based Classic Minerals Limited (the “Company” or “CLZ” is pleased to announce that the
Company successfully raised $1,200,000 (before costs) through a share placement. The
Placement was 3 times oversubscribed.
The market response was on the back of the Company’s prospect of near-term gold production,
recent high-grade results and its highly prospective portfolio of exploration assets in Western
Australia, summary as follows:
Kat Gap
• High grade shallow deposit, 100% ownership of all gold and non-gold rights
• On the fast track to gold production and early revenue stream
• Potential for significant ongoing exploration success and resource growth
• Recent exploration results include 2m @ 116g/t Au and 4m @ 76g/t Au incl 1m @ 304g/t Au
• Mining Licence and clearance applications were lodged in May 2020 with approvals expected
late December 2020 / Early January 2021
• Gekko Production equipment has been acquired in preparation for the commencement of
production post approvals
Forrestania Gold Project (FGP)
• Lady Magdalene: large open pit deposit, 80% ownership of all gold rights (Hannan Ltd 20%)
• Lady Ada: smaller high-grade deposit, 80% ownership of all gold rights (Hannan Ltd 20%)
JORC Resource
• Global Mineral Resource of 8.25Mt @ 1.52g/t Au for 403,906oz
• Updated JORC Mineral Resource for all projects expected Q1 2021