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Classic Minerals Seals A$7M Deal to Divest Kat Gap Gold Tenements
3:18pm on Friday 31st of January, 2025 AEDT
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Mining
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Classic Minerals Seals A$7M Deal to Divest Kat Gap Gold Tenements
3:18pm on Friday 31st of January, 2025 AEDT
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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