CLASSIC MINERALS LTD — AGM Information 2022

Oct 6, 2022

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CLASSIC MINERALS LIMITED

71 Furniss Rd, Landsdale Western Australia 6065 ASX: CLZ | ABN 77119 484 016 contact@classicminerals.com.au

07 October 2022

ASX Announcement

NOTICE OF AGM DATE AND DEADLINE FOR DIRECTOR NOMINATIONS

Classic Minerals Limited (ASX:CLZ) ( Company ) advises that, in accordance with ASX Listing Rule 3.13.1 and clause 9.9 of the Company’s constitution, the next annual general meeting of the Company ( AGM ) is scheduled to be held at 11.00 am (WST) on Wednesday, 30 November 2022.

In addition, the closing date for the receipt of nominations from persons wishing to be considered for election as a director is 19 October 2022. Any nominations must be received in writing no later than 5.00pm (WST) on 19 October 2022 at the Company’s registered office.

Shareholders will be advised of further details regarding the AGM in a separate notice of meeting, which will be provided to shareholders towards the end of October 2022 and will also be available on ASX’s Company Announcements Platform and the Company’s website at www.classicminerals.com.au .

This announcement has been approved by the Board. ENDS:

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ABOUT THE FORRESTANIA GOLD PROJECT

The FGP Tenements (excluding Kat Gap) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd (ASX: HNR). Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. For the avoidance of doubt Classic Ltd owns a 100% interest in the gold rights on the Kat Gap Tenements and also non-gold rights including but not limited to nickel, lithium and other metals.

Classic has a Global Mineral Resource of 8.24 Mt at 1.52 g/t for 403,906 ounces of gold , classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study (see ASX Announcement released 2nd May 2017) suggesting both the technical and financial viability of the project. The current post- mining Mineral Resource for Lady Ada, Lady Magdalene and Kat Gap is tabulated below.

Additional technical detail on the Mineral Resource estimation is provided, further in the text below and in the JORC Table 1 as attached to ASX announcements dated 18[th ] December 2019, 21[st ] January 2020, and 20 April 2020.

	Indicated	Indicated			Inferred			Tot
								al
Prospect	Tonnes	Grade	Ounces	T	Grade	Ounces	Tonnes	Grade	Ounces
		(Aug/t)	Au	onnes	(Aug/t)	Au		(au)
LadyAda	257	2.01	16,600	1,090,800	1.23	43,100	1,348,100	1.38	59,700
Lady Magdalene				5,922,700	1.32	251,350	5,922,700	1.32	251,350
Kat Gap				975,722	2.96	92,856	975,722	2.96	92,856
Total	257	2.01	16,600	7,989,222	1.50	387,306	8,246,522	1.52	403,906

Notes:

1. The Mineral Resource is classified in accordance with JORC, 2012 edition

  _2. The effective date of the mineral resource estimate is 20 April 2020._

  _3. The mineral resource is contained within FGP tenements_

  _4. Estimates are rounded to reflect the level of confidence in these resources at the present time._

  _5. The mineral resource is reported at 0.5 g/t Au cut-off grade_

6. Depletion of the resource from historic open pit mining has been considered

Competent Persons Statement

The information contained in this report that relates to Mineral resources and Exploration Results is based on information compiled by Dean Goodwin, a Competent Person who is a Member of the Australian Institute of Geoscientists (AIG). Mr Goodwin is a consultant exploration geologist with Reliant Resources Pty Ltd and consults to Classic Minerals Ltd. Mr. Goodwin has sufficient experience that is relevant to the style of mineralisation and the type of deposit under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Goodwin consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

The Company confirms that it is not aware of any new information or data that materially affects the information included in this market announcement and, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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