Classic Minerals Evaluates Expansion of Goldbridge Processing Facility
Classic Minerals Limited (ASX: CLZ) has entered into a non-binding collaboration agreement with Bain Global Resources to assess the potential expansion of the Goldbridge Processing Facility in Western Australia. The initiative is aimed at evaluating whether the facility can be developed into a larger regional processing hub capable of supporting multiple gold operations across the Forrestania district.
As part of the collaboration, both parties will examine the technical, financial and commercial aspects associated with upgrading the plant. The study will also consider the potential to increase processing capacity to approximately one million tonnes per annum, subject to favourable feasibility outcomes.
The proposed expansion could allow the facility to process ore from nearby deposits including the Rama Gold Mine as well as Classic’s Lady Ada and Lady Magdalene projects. The initiative supports the company’s strategy of strengthening regional processing infrastructure and unlocking additional value from its assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Classic Minerals Evaluates Expansion of Goldbridge Processing Facility
Classic Minerals Limited (ASX: CLZ) has entered into a non-binding collaboration agreement with Bain Global Resources to assess the potential expansion of the Goldbridge Processing Facility in Western Australia. The initiative is aimed at evaluating whether the facility can be developed into a larger regional processing hub capable of supporting multiple gold operations across the Forrestania district.
As part of the collaboration, both parties will examine the technical, financial and commercial aspects associated with upgrading the plant. The study will also consider the potential to increase processing capacity to approximately one million tonnes per annum, subject to favourable feasibility outcomes.
The proposed expansion could allow the facility to process ore from nearby deposits including the Rama Gold Mine as well as Classic’s Lady Ada and Lady Magdalene projects. The initiative supports the company’s strategy of strengthening regional processing infrastructure and unlocking additional value from its assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au