CLZ
Director Trades
| Date | Director | Value |
|---|
Company News
Australia’s gold industry poised for rebound with major projects on the horizon
After momentarily securing the top position among global gold producers a couple of years ago, Australia has slipped to third place behind China and the Russian Federation. According to the World Gold Council (WGC), Australia produced 293.8 tonnes last year, far behind China’s 378.2t and Russia’s 321.8t. New figures from the office of Australia’s Chief […]
Classic Minerals on track with Forrestania gold acquisition and major funding boost
Classic Minerals (ASX: CLZ) has confirmed that AuResources continues to progress conditions related to a multi-million dollar funding facility. It was revealed in late February 2024 that AuResources would initially advance $15.3 million to Classic in support of its Western Australian gold developments. The terms sheet for the facility also included a provision for the […]
Classic Minerals reveals major upgrades to gold resources at Forrestania
Classic Minerals (ASX: CLZ) has announced a substantial upgrade to resources at the Lady Ada and Lady Magdalene targets within its Forrestania gold project in Western Australia. The new combined indicated resource sits at 1.49 million tonnes, grading up to 1.62 grams per tonne of gold for 69,966 ounces. The total inferred resource has also […]
Classic Minerals adds Lady Ada and Lady Magdalene mining lease to Forrestania gold project
Classic Minerals (ASX: CLZ) has added the Lady Ada and Lady Magdalene mining lease (M77/1310) to its Forrestania Gold Project in Western Australia. The lease – which encompasses critical sections around Classic’s existing E77/2239 and E77/2220 tenements and includes the P77/4291 and P77/4290 areas – is for a period of 21 years and covers an […]
Classic Minerals and AuResources finalise deal to fund Western Australian gold projects
Classic Minerals (ASX: CLZ) is firmly on target for its major growth plans with a recently-signed funding agreement now unconditional. In late February, Classic signed agreements totalling up to $91.8 million to support its development of the Kat Gap gold project in Western Australia. The company is now preparing to execute the full funding agreement […]
Classic Minerals lodges mining lease application, eyes expansion at Forrestania gold project
Classic Minerals (ASX: CLZ) has moved to step up development activities at the Forrestania gold project in Western Australia. Boosted by a recent funding agreement for up to $91.8 million, Classic has lodged a mining lease application (MLA) over the Lady Ada and Lady Magdalene project areas in the Forrestania tenements. It has also unveiled […]
Classic Minerals inks major funding agreement for Kat Gap gold project development
Classic Minerals (ASX: CLZ) has signed funding agreements totalling up to $91.8 million to support its development of the Kat Gap gold project in Western Australia. An initial binding terms sheet signed with Swiss-based AuResources AG will provide $15.3m first-tranche funding. The payment will help fund increase production capacity at Kat Gap and development of […]
Classic Minerals to acquire 100% of Forrestania gold tenements from Hannans
Classic Minerals (ASX: CLZ) has entered into an agreement with Reed Exploration to purchase the tenements which make up the Forrestania gold project in Western Australia. Classic currently holds an 80% beneficial interest in gold rights over various parts of Forrestania through a joint venture arrangement secured with a third party in 2017. It includes […]
Classic Minerals plans trial mining at Kat Gap gold project
Classic Minerals (ASX: CLZ) has elected to potentially fast-track its assessment of the ore reserves at its Kat Gap gold project in Western Australia with a proposed trial mining exercise. The company believes undertaking trial mining and processing via a stage one trial pit will create important data which can then be utilised in its […]
Market wrap: Aussie market shows resilience after terrible week
The Australian share market showed a little bit of resilience after closing flat by the end of trading on Friday, offering some consolation after the worst weekly performance for almost a year. By the close of trade, the ASX 200 was just 2.1 points higher at 7148.1 points, a rise of just 0.03% as strength […]
