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Classic Minerals Converts Kat Gap Sale Into $7M Boost for Forrestania Exploration
3:30am on Monday 2nd of June, 2025 AEST
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Mining
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Classic Minerals Converts Kat Gap Sale Into $7M Boost for Forrestania Exploration
3:30am on Monday 2nd of June, 2025 AEST
Key Points
Sale of Kat Gap tenements to Bain Global Resources for A$7 million completed
Proceeds used to retire debt and fund exploration at Lady Ada and Lady Magdalene
March quarter cash inflows of A$8.46 million largely driven by tenement sale
Mineral resources at Forrestania total 311,050 ounces of gold at 1.33 g/t
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