Classic hits Native Title milestone for Kat Gap
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Classic has ticked off another key milestone towards starting gold production at its Kat Gap project with the execution of a Native Title agreement.
The signing of the Noongar Alternative Heritage Agreement with the South West Aboriginal Land & Sea Council Aboriginal Corporation on behalf of the Ballardong Agreement Group comes barely a week after it assembled and commissioned its Gekko processing plant.
Classic Minerals’ (ASX:CLZ) Kat Gap project in Western Australia has a current resource of 92,869oz of gold at an average grade of 2.96 grams per tonne (g/t) and is expected to achieve first gold pour and full mine capacity by the end of August.
“We are excited to enter into this agreement with Ballardong Agreement Group, a group who we respect, and we have a strong relationship with,” chairman John Lester said.
“We believe this agreement lays the strongest foundation for the Kat Gap mining project and allows the company to proceed whilst respecting the heritage and culture of the area.”
The scalable Gekko processing plant is able to process 30 tonnes of ore per hour and can be scaled up to a Gekko Python-sized plant with processing capacity of 250tph.
Its transportable nature allows it to be placed close to the Kat Gap ore body, which is proven to be amenable to gravity and conventional cyanide leaching with recoveries of 95 per cent to 96 per cent achieved from both fresh and oxide samples.
Potential also exists to expand resources at the project as drilling at the open-ended deposit has so far returned exceptional results such as 4m grading 76g/t gold including 1m at 304g/t gold from 79m and 10m at 30.77g/t gold from 28m.
This article was developed in collaboration with Classic Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.