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Classic Minerals Ltd. ( (AU:CLZ) ) has issued an announcement.
Classic Minerals Limited has announced significant progress in its scale-up strategy with the completion of a design study for a 250,000 tonnes per annum (tpa) Carbon-in-Leach (CIL) gold processing plant at its Forrestania facility. The company has appointed IPS Global as the preferred EPCM contractor, ensuring continuity from previous projects. The expansion includes various infrastructure enhancements and is supported by a Dangerous Goods Licence application. The company is also nearing completion of a study for a further expansion to 500ktpa, indicating a strategic focus on increasing processing capacity and operational scalability.
More about Classic Minerals Ltd.
Classic Minerals Limited is an Australian company operating in the mining industry, primarily focused on gold processing. The company is engaged in the development and expansion of gold processing facilities, with a market focus on enhancing production capabilities and operational efficiency.
Average Trading Volume: 2,007,755
Technical Sentiment Signal: Sell
Current Market Cap: A$1.54M
See more insights into CLZ stock on TipRanks’ Stock Analysis page.