WA-focused gold mining company, Classic Minerals Limited (ASX:CLZ) (FRA:2I7) (OTCMKTS:CSMRF) has submitted a capital Call Notice to LDA Capital Limited targeting a AUD $592,000.00 equity draw-down under the terms of its strategic $15 million Put Option Agreement with the US-based financier.
Classic Minerals Ltd (ASX:CLZ) Half Yearly Report and Accounts
Forrestania Gold Project and Kat Gap Gold Project
Half Yearly Report and AccountsPerth, Mar 2, 2021 AEST (ABN Newswire) - During the half year ended 31 December 2020, below are the activities conducted by Classic Minerals Ltd (
ASX:CLZ). The main thrust of exploration has been at Kat Gap with minimal work at the Tangerine Trees and Van Uden West gold projects within the Forrestania gold project. The Company completed a record breaking 128 RC holes for 10,565m across its tenement holding.
Classic continued its work at the 100% owned Kat Gap tenements about 70 km to the South East of the Lady Ada and Lady Magdalene gold resources. Drilling was mainly focused on infill work to 10m x 10m and 20m x 10m grid spacing in readiness for final open pit optimisation and financial analysis. Results for a portion of the infill program have been received however the majority remain pending. Drilling was also undertaken to