Forrestania comprises the Lady Ada and Lady Magdalene resources on granted mining lease M77/1310, regional exploration targets and Classic's retained Goldbridge processing plant and infrastructure. Classic claims an enforceable 80% beneficial interest in the core gold rights and is pursuing separate Supreme Court proceedings for confirmation of those rights and transfer of full legal title. A 250 ktpa CIL design study is complete and larger scenarios are being studied, but there is no Ore Reserve, production target, final investment decision or construction commitment.
- Country
- Australia
- Commodity
- Au
- Stage
- Feasibility