The gold processing plant will be able to process 100,000t of ore per annum. Picture: Getty Images
Classic is mere weeks away from first gold at Kat Gap
Mining
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All the pieces that will make Classic the next ASX-listed gold producer are really coming together with construction of the Kat Gap processing plant now 80% complete.
The facilities are currently under construction by contractor Industrial Power Solutions (IPS) and are on track to be commissioned this month.
Classic Minerals (ASX:CLZ) has also built up a stockpile of ore from the Kat Gap project for processing on the ROM pad and has completed the tailings storage facility.
The company added that it has worked closely with IPS throughout the construction process to ensure that all aspects of the facilities are designed, built, and tested to the highest specifications as commissioning of the plant and TSF are complex and critical process that requires close attention to detail, rigorous testing, and adherence to safety standards.
Kat Gap gold project
The gold processing plant is expected to have the capacity to process up to 100,000t of ore per annum from Classic’s Kat Gap project in Western Australia.
Kat Gap currently has an Inferred resource of 975,722t grading 2.96g/t gold, or 92,856oz of contained gold while the broader Forrestania gold project hosts a resource of 8.24 million tonnes at 1.52g/t gold for 403,906oz of contained gold.
Operating costs are expected to be low due to the low base metal content of Kat Gap ore, which results in a very low reagent consumption.
The company also has the ability to beneficiate low grade ores to reject uneconomic waste materials and minimise cost per tonne processed.
Recent extensional drilling returning results such as 10m at 9.26g/t gold from 57m has also highlighted the potential for Classic to increase resources at Kat Gap, which will in turn extend its productive mine life.
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.
