Overview of Classic Minerals' announcement to LDA Capital

Classic Minerals Limited (ASX: $CLZ) has submitted a capital Call Notice to LDA Capital Limited, targeting a $225,000.00 equity draw-down under the terms of its strategic $15 million Put Option Agreement. The funds are intended to be applied to the Kat Gap gold project. Classic's Chairman John Lester mentioned that the final pricing and amount to be raised would be determined in accordance with the terms and conditions of the Agreement in the next few weeks.

Executive commentary on the call notice submission

The submission of the Call Notice to LDA Capital represents a strategic move for Classic Minerals as it aims to secure funding for the Kat Gap gold project. This initiative aligns with our commitment to advancing our projects and leveraging opportunities in the minerals-rich West Australia region. We believe that the access to capital through the LDA Facility will support our efforts to progress the Kat Gap gold project into production, ultimately contributing to the growth and development of Classic Minerals. We look forward to finalizing the pricing and amount in accordance with the terms and conditions of the Agreement in the coming weeks.

Summary of Classic Minerals' announcement and outlook

Classic Minerals Limited (ASX: $CLZ) has submitted a capital Call Notice to LDA Capital Limited, targeting a $225,000.00 drawdown under the terms of its strategic $15 million Put Option Agreement. The funds are intended to be applied to the Kat Gap gold project, reflecting the company's focus on advancing its mining projects. With approximately 578 km² of tenements across minerals-rich West Australia, Classic Minerals continues to explore new opportunities and aims to transition from exploration to mining. The submission of the Call Notice to LDA Capital demonstrates the company's strategic approach to securing ongoing access to capital, supporting its ambitions for project development and production. The upcoming determination of pricing and amount in accordance with the Agreement's terms and conditions will be a key milestone for Classic Minerals as it progresses its initiatives in the region.