Classic Minerals Ltd (CLZ) announces that Wet commissioning of the processing plant at its Kat Gap gold project has commenced.
The Company will use part of the bulk sample ore for completing this wet commissioning phase, and ongoing calibration require
The Company's Stage 1 plant consists of a standalone crushing facility, fed into a 1.5-micron trommel for screening, then recirculating through a ball milling operation to achieve optimum screening size. The gravity extraction and separation process will utilise the hydro-cyclone Gekko equipment to produce concentrate ready for gold recovery. Concentrate cleaning will be undertaken using a single Wilfley table separator with a capacity of 1.20 tonnes per day; generating a smeltable gold concentrate.
The projects Stage 1 processing facility has a throughput of up to 100,000 tonnes per annum. Industrial Power Solutions (IPS) are overseeing the wet commissioning process which is currently being completed by an automation and controls business Consolidated Electrical Solutions Pty Ltd (Coelect). This includes a new CitectSCADA package for data acquisition and local operator control. The commissioning process will include automated sequence testing & instrument calibrations to allow for the required throughput. Classic will take the opportunity during wet commissioning to log recovery data which will be used to further progress the design work for the Stage 2 expansion of the process plant. During Stage 2 the company will look to introduce a CIL circuit and upscale the milling to achieve a throughput of up to 200,000 tonnes per annum
IPS will be leading the process design and construction package for Kat Gap Stage 2 expansion and will assist the company in developing an Engineering and Construction plan for the expansion of the processing plant, which will include increased Power Generation and Power Distribution infrastructure, Instrumentation and Software development. The Company will use bespoke software upgrades to implement all additional equipment and automate the processing plant with minimal interruptions to the existing process. CLZ will continue its civil works study for Stage 2 expansion of the Kat Gap Project.
This includes the processing ROM, increased water supply and storage facilities, development of additional access roads, workshops, administration buildings, and tailings storage. IPS is a Western Australian based design engineering company that specializes in process engineering, electrical instrumentation, project management, HAZOP studies, project implementation, commissioning, operator training and operational support. Further to the announcement of 27 June 2023, Classic has completed the drilling of a second water bore which is producing significantly more water than the first bore. The two bores are now active and will be engaged to supply the required amounts of water for the processing plant and other operational and developmental needs of Classic Minerals.1
About Classic Minerals Ltd
Expanding its focus from exploration to mining, West Australian-based, minerals house Classic Minerals Ltd holds a pipeline of projects and continues to examine new opportunities both cyclic and counter-cyclic. Currently, ASX-listed Classic holds approximately 578 km2 of tenements across two major regional exploration areas in minerals-rich West Australia. Classic's ground is in areas with identified high grade gold and base metal targets. Classic's flagship Kat Gap Gold Project has been the recent focus of its exploration, mining and processing efforts and is strategically located some 170 km south of Southern Cross and some 50 km south of the Company's Forrestania Gold Project. With strong grades and near-surface mineralisation Kat Gap is soon to attain full scale production.
ABOUT THE FORRESTANIA GOLD PROJECT
The FGP Tenements (excluding Kat Gap) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd (ASX: HNR). Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. For the avoidance of doubt Classic Ltd owns a 100% interest in the gold rights on the Kat Gap Tenements and also non-gold rights including but not limited to nickel and lithium. Classic has inferred and indicated mineral resources of 8.41Mt at 1.45 g/t for 391,417 ounces of gold, classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study suggesting both the technical and financial viability of the project. The current post- mining Mineral Resource for Lady Ada, Lady Magdalene and Kat Gap is tabulated below.
Forward Looking Statements - Disclaimer
This ASX announcement (Announcement) has been prepared by Classic Minerals Limited ('Classic' or 'the Company'). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this Announcement. This Announcement contains summary information about Classic, its subsidiaries and their activities which is current as at the date of this Announcement. The information in this Announcement is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Classic. By its very nature exploration for minerals is a high-risk business and is not suitable for certain investors. Classic's securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Classic and of a general nature which may affect the future operating and financial performance of Classic and the value of an investment in Classic including but not limited to economic conditions, stock market fluctuations, gold price movements, regional infrastructure constraints, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel.
Contact:
Email: contact@classicminerals.com.au
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