- Classic Minerals (CLZ) receives final approval needed to begin full scale mining at its Kat Gap gold project in Western Australia
- The Department of Mines, Industry Regulation and Safety approved Classic’s mining proposal including the mine closure plan
- In addition to securing an Aboriginal heritage clearance and a native vegetation clearing permit, CLZ is able to begin full scale construction and mining activities
- Company shares were trading grey at 0.1 cents at 2:22pm AEDT
Classic Minerals (CLZ) has received the final approval needed to being full scale mining at its Kat Gap gold project near Southern Cross in Western Australia.
The Kat Gap tenements are located within the Forrestania Gold Project which is registered under Hannans’ (ASX:HNR) subsidiary, Reed Exploration.
Classic has acquired 80 per cent of the gold rights on the tenements, with a 100 per cent interest in the gold rights on the Kat Gap tenements and also non-gold rights including nickel, lithium and other metals.
The company was granted the mining lease last April and now the Department of Mines, Industry Regulation and Safety has approved Classic’s mining proposal, including the mine closure plan.
With all necessary approvals received, including an Aboriginal heritage clearance and a native vegetation clearing permit, Chairman John Lester said the company can begin full scale construction and mining activities.
“The completion of the extensive environmental and social approvals process by the DMIRS is a significant achievement for the company,” Mr Lester said.
Company shares were trading grey at 0.1 cents at 2:22pm AEDT.