Classic Minerals’ (ASX:CLZ) flagship Kat Gap Gold Project Processing Plant in Western Australia has been endorsed for efficient gravity gold recovery and declared fit-for-purpose following an evaluation and inspection.
The company says the inspection was completed by Independent Metallurgical Operations (IMO), which provided the services of mineral processing professional and fellow of AusIMM Grant Harding.
Classic reports Harding’s understanding of its objective of expediting gold bar production while minimising costs, as well as results generated from the bench and pilot scale tests, led to him endorsing the existing milling circuit configuration as an efficient approach for gravity gold recovery.
These results are noted to be consistent with results of earlier bench-scale metallurgical tests reporting 5% mass recovery and gravity gold recoveries between 65% and 75%.
Addressing the endorsement, Classic Minerals Chief Executive Officer (CEO) Dean Goodwin says: “The board’s decision to proceed with the Gekko and gravity circuit has today been vindicated by IMO’s assessment. I can feel the plant coming to life very shortly.”
“ I can feel the plant coming to life very shortly”
Classic Minerals is an ASX-listed Western Australian-based explorer focused on expanding its focus to mining, with a pipeline of projects it continues to examine for new opportunities, both cyclic and counter-cyclic.
The company’s flagship Kat Gap Gold Project is located about 170km south of the township of Southern Cross and about 50km south of Classic’s neighbouring Forrestania Gold Project in Western Australia. The project is host to a state-of-the-art processing facility, which represents a crucial component of the mine planning, detail, facilitating in-house control over ore processing, and gold production.
Additionally, the company also holds ‘robust’ infrastructure, which it says provides a competitive advantage that enhances its ability to capitalise on the upgraded resource as well as to further expand its gold production capabilities.
According to Classic’s latest quarterly report, the company had about $198,000 in cash and $19.55 million in unused finance facilities at the end of December 2022.
Write to Adam Drought at Mining.com.au
Images: Classic Minerals Ltd