CLZ 0.00% 0.5¢ classic minerals ltd

Insolvent next move, page-130

  1. 3,496 Posts.
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    It sure does take time!
    They bought the Gekko plant in July 2020 - https://hotcopper.com.au/threads/ann-classic-purchases-gekko-processing-plant-for-kat-gap.5509170/
    They secured $10m in funding to bring Kat Gap into production in September 2022 - https://hotcopper.com.au/threads/ann-classic-secures-10-million-to-take-kat-gap-to-production.6949873/
    They got an agreement for toll milling in October 2022 - https://hotcopper.com.au/threads/ann-agreement-for-toll-milling-progresses-kat-gap-to-production.7021840/
    They received final approval for production at Kat Gap in November 2022 - https://hotcopper.com.au/threads/ann-final-approval-received-for-commencement-of-production.7089568/
    They commissioned the Gekko in July 2023 (so that took them 3 YEARS) - https://hotcopper.com.au/threads/ann-successful-commissioning-of-kat-gap-gold-processing-plant.7472434/They produced first gold concentrate (cough* gold dust in wet sand) in July 2023 - https://hotcopper.com.au/threads/ann-classic-produces-first-gold-concentrate-from-butchart-table.7484083/
    They produced their first gold bar (their words not mine - it was a dore bar of as yet unknown purity) in August 2023 - https://hotcopper.com.au/threads/ann-classic-pours-first-gold-bar-clarifying-announcement.7533022/
    They were supposedly commencing trial mining in August 2023 - https://hotcopper.com.au/threads/ann-classic-to-commence-trial-mining-of-gold-ore-at-kat-gap.7535587/

    And yet here they are with no more gold announced and no progress on their trial mining and SFA action happening on the ground.
 
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