- Classic Minerals (CLZ) receives approval to drill a water bore for its processing plant at its Kat Gap gold project in Western Australia
- The well will allow for the supply of water to be used in the processing facility
- The development of the bore will be completed in stages, initially starting with one bore before commencing to a second if needed
- The processing facility has been cleared with process water tanks installed
- Shares are trading flat today at 0.1 cents each
Classic Minerals (CLZ) has received approval to drill a water bore for its processing plant at its Kat Gap gold project in Western Australia.
The drilling of the well was approved by the Department of Water and Environmental Regulation (DWER) and will allow for the supply of water to be used in the processing facility.
The development of the bore will be completed in stages, initially starting with one bore before commencing to a second if needed.
The company said it will only draw the approved amount of water and will be considerate of the environment when completing operations.
The processing facility, located seven kilometres from the mining area, has been cleared with process water tanks installed.
CEO Dean Goodwin said his experience has assisted with determining the location for the water bore.
“This approval of the water bore provides us with more confidence and certainty of achieving mining success in the near term,” he said.
“I’ve spent plenty of time in the Forrestania area looking and finding water for previous operators, so I’ve got a pretty good idea where to look.”
Shares were trading flat today at 0.1 cents each at 12:18 am AEST.