Ann: Short Form Prospectus, page-11

Mid October next week, should start Drilling soon.

Future drilling programs at Kat Gap will focus on testing the main granite – greenstone contact further north and south along strike from the current drilling area. The next few RC drilling programs will test the northerly and southerly extensions for another 200-300m along strike. RC Drilling will also probe at depth below the current shallow holes along the entire 400m of strike delineated by Classic to date. Several deep orientated diamond holes designed to collect valuable structural data will probe the system to 300m vertical below surface.

Aircore and RC drilling programs will also be conducted out into the granite to test the large 4.4 km long geochemical anomaly identified in historical auger soil sampling. The initial program will focus around the cross-cutting Proterozoic dyke where high auger values were returned along with a dilational site located in the north-eastern most area of the geochemical anomaly.

Historical RC drilling at Kat Gap is mostly on 100m – 200m line spacings. There is strong potential for additional mineralisation to be identified up-dip, down-dip and along strike, both outside of and within the existing RC drill coverage.

Classic has planned follow up RC and diamond holes with drilling scheduled for mid-October.