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The latest announcement is out from Classic Minerals Ltd. ( (AU:CLZ) ).
Classic Minerals Limited has signed a Non-Binding Memorandum of Understanding with Bain Global Resources Pty Ltd to potentially supply up to 50,000 tonnes of gold-bearing ore per month for 36 months, enhancing the Goldbridge Processing Facility’s role as a regional processing hub. This agreement supports Classic’s growth strategy, which includes a multi-staged processing facility and a legal pursuit to secure full tenure over key tenements. The strategy aims to reduce single-asset risk, improve plant utilization, and broaden revenue streams, positioning the company for sustainable growth and long-term shareholder value.
More about Classic Minerals Ltd.
Classic Minerals Limited is a company operating in the mining industry, focusing on the extraction and processing of gold. The company is based in Western Australia and is involved in projects such as the Rama Gold Project in the Forrestania region. Classic Minerals aims to position its Goldbridge Processing Facility as a regional hub, leveraging both in-house and third-party ore sources.
Average Trading Volume: 2,007,755
Technical Sentiment Signal: Sell
Current Market Cap: A$1.54M
For a thorough assessment of CLZ stock, go to TipRanks’ Stock Analysis page.