CLASSIC MINERALS : JUNE 2021 QUARTERLY ACTIVITIES REPORT Amended

Published: 2021-09-01 11:02:56 ET CLZ.AX

Classic Minerals has made significant progress at Kat Gap during the quarter as it strives to become a gold producer.

Highlights of the quarter include: Assay results returned for infill RC drilling testing the gap between oxide and deeper fresh rock high-grade gold mineralisation at Kat Gap.

Advancing engineering, mining and metallurgical studies at Kat Gap, and

IGO have made further progress at Classic's Fraser Range Project.

A total of 29 holes for 2,588 metres were drilled during the quarter by the Company.

RC drilling was focused solely on Kat Gap with work concentrating on filling in the gap created artificially between shallow drilling of the oxide profile and deeper drilling for the down dip extensions into fresh rock. If the gap could be filled in by zones of higher-grade gold mineralisation, then the final optimisation work may drive pit designs deeper allowing the Company to access more minable ounces. IGO have continued working on their recently identified high conductance discrete EM anomaly over the Thylacine and Sabretooth area (now known as the Moa target) within a broader stratigraphic conductor.

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