Classic has hit another major milestone with the approval of the critical water pipeline pathway from the bore to its Kat Gap plant site now in place.

Water is an essential ingredient for gold processing and having the water bore adjacent to the main haul road 1,100m from the processing plant makes pumping relatively simple, which in turns limits the amount of infrastructure required as the pipeline will be placed above ground.

Classic Minerals (ASX:CLZ) is clearly not one for wasting time with construction of the pipeline already underway with commissioning expected within four weeks.

Additionally, while the company is permitted to take up to 100,000 kilolitres of water per annum from this bore, it is planning to drilling additional bores.

Kat Gap and beyond

Kat Gap currently has an Inferred resource of 975,722t grading 2.96g/t gold, or 92,856oz of contained gold with a bulk sample of about 6,500t of ore grading 6g/t gold ready to be processed once the Gekko processing plant has been reassembled.

More broadly, the company has a global resource of 8.24Mt at 1.52g/t gold, or 403,906oz of contained gold, across its Lady Ada, Lady Magdalene and Kat Gap prospects within the Forrestania gold project.

The Gekko plant is expected to be ready for commissioning in mid to late February with an initial pilot run performing beyond expectations.

 

 

 

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.

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