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Classic Minerals Ltd. ( (AU:CLZ) ) has shared an announcement.
Classic Minerals has signed a non-binding collaboration deed with Bain Global Resources to evaluate a major expansion of its Goldbridge Processing Facility in Western Australia’s Forrestania district. The plan aims to transform Goldbridge into a regional processing hub capable of treating ore from the Rama Gold Mine, Classic’s Lady Ada and Lady Magdalene deposits, and other nearby operations.
Under the framework, the partners will examine technical, financial and commercial options to lift Goldbridge’s capacity to as much as 1 million tonnes per annum, subject to feasibility. By building scalable processing infrastructure close to multiple ore sources, Classic is seeking to improve project economics, attract third-party ore, and support future development and funding initiatives tied to the Goldbridge hub.
More about Classic Minerals Ltd.
Classic Minerals Ltd. is an Australian gold company focused on developing and operating gold assets in Western Australia’s Forrestania district. Its portfolio includes the Goldbridge Processing Facility and nearby deposits such as Lady Ada and Lady Magdalene, positioning the company as a potential regional processing provider for multiple gold projects.
Average Trading Volume: 2,007,755
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.54M
Find detailed analytics on CLZ stock on TipRanks’ Stock Analysis page.