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Classic Minerals Seals A$7M Deal to Divest Kat Gap Gold Tenements

6:05pm on Sunday 1st of June, 2025 AEST Mining
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Classic Minerals Seals A$7M Deal to Divest Kat Gap Gold Tenements

6:05pm on Sunday 1st of June, 2025 AEST
Key Points
  • Binding agreement to sell Kat Gap tenements for A$7 million
  • Sale proceeds earmarked for debt retirement and exploration funding
  • Classic retains and plans to upgrade Kat Gap processing plant
  • Transaction subject to shareholder, ministerial, and FIRB approvals
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