Classic Minerals: Jumps final hurdle on path to production at Kat Gap

Classic Minerals Jumps final hurdle on path to production at Kat Gap

  • Classic Minerals (CLZ) gets green light to start production at its Kat Gap project in Western Australia
  • The company received ministerial approval to reassemble its Gekko processing plant which once in operation, would allow production to begin
  • A construction team is being mobilised to site this week where a bulk sample ore stockpile is ready and waiting to be processed
  • Classic’s forward plan is to produce a gold dore bar and have it refined at the Perth Mint to generate early cash flow within 12 weeks
  • Shares in ClassicMinerals are up 8.33 per cent trading at 1.3 cents at 2:34 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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