• AFDC commences strategic review of Classic's asset portfolio
• Initial funding of A$3 million to be raised to fund exploration and support relisting
• Funds to advance drilling at Lady Ada and Lady Magdalene deposits, progress relisting, and evaluate additional exploration targets

Classic Minerals Limited (ASX: CLZ) has announced that following the appointment of Australian Finance & Development Corporation Pty Ltd (AFDC) as corporate adviser, AFDC has commenced a strategic review of the Company's asset portfolio and future development opportunities. As part of this process, AFDC will seek to raise A$3 million in initial funding to support Classic's near-term corporate and exploration initiatives while the broader strategic review progresses. The funds raised will be used to advance exploration drilling programs at the Lady Ada and Lady Magdalene deposits, progress the Company's application for relisting on the ASX, and continue evaluation of additional high-priority exploration targets across the Forrestania project area. The proposed funding initiative is expected to provide Classic with the necessary working capital to advance its key objectives while AFDC evaluates potential structures and funding pathways to support the future development of the Company's assets. Classic is actively working toward the reinstatement of trading of its shares on the ASX and will continue to keep the market informed as key milestones in the relisting process are achieved.

The proposed funding initiative is expected to provide Classic with near-term working capital to progress its corporate and exploration initiatives while AFDC continues its broader strategic evaluation of the Company's asset portfolio and funding pathways. As part of this process, AFDC will also evaluate potential structures capable of supporting the future development of Classic's processing infrastructure and exploration assets as the Company advances toward relisting and renewed operational activity.