Classic Minerals: Receives approval for water pipeline pathway at Kat Gap, WA

Classic Minerals Receives approval for water pipeline pathway at Kat Gap, WA

• Classic Minerals (CLZ) receives approval for a water pipeline pathway from the bore to the plant site at its Kat Gap project in Western Australia
• The company says under the water licence, it is permitted to take up to 100 million litres of water annually from this bore
• According to Classic, the approval is a major milestone for the company and a “vital ingredient” for its planned gold processing plant
• The company has begun constructing the pipeline, which, once complete, is scheduled to be commissioned within four weeks
• Shares in ClassicMinerals are down 16.67 per cent and trading at one cent at 3:59 pm AEDT