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Classic Minerals Ltd. ( (AU:CLZ) ) just unveiled an announcement.
Classic Minerals Ltd announced several key developments for the June 2025 quarter, including the acquisition of strategic tenements in the Forrestania region, which are expected to bolster their gold resources. The company has also applied for exploration drilling permits and appointed a drilling contractor under a ‘Drill-for-Equity’ agreement, aligning contractor interests with shareholder value. Additionally, Classic Minerals is involved in legal proceedings to enforce the terms of a sale agreement and address forfeiture applications related to its tenements. The company’s shares remain suspended from trading as it works to comply with ASX listing rules.
More about Classic Minerals Ltd.
Classic Minerals Ltd is a mining company based in Western Australia, primarily focused on gold exploration and development. The company is engaged in acquiring and developing strategic tenements, particularly in the Forrestania region, to enhance its gold resources.
Average Trading Volume: 2,007,755
Technical Sentiment Signal: Sell
Current Market Cap: A$1.54M
Learn more about CLZ stock on TipRanks’ Stock Analysis page.