• Supreme Court of WA delivers decision on summary judgment application
• Matter to proceed to full hearing, Classic Minerals continues to pursue claim
• Classic's 80% gold rights over tenements are undisputed and protected by caveats

Classic Minerals Ltd has provided an update on the Supreme Court proceedings regarding its dispute with Hyden Project Holdings Pty Ltd over the Forrestania Gold Project tenements. On 7 May 2026, the Supreme Court of Western Australia delivered its decision in proceedings CIV 1381 of 2025, where Classic Minerals had pursued summary judgment to expedite the resolution of the matter. However, the Court did not grant summary judgment, and the matter will now proceed to a full hearing before the Supreme Court. Classic Minerals remains confident of a successful outcome and will immediately move to complete the transfer of the FGP tenements and progress development, exploration, and economic studies if successful. The company confirmed that its 80% gold rights over the Lady Ada and Lady Magdalene tenements are undisputed and protected by registered caveats, which will remain in force until the trial concludes. Additionally, Classic maintains its claim to 100% ownership of the Forrestania tenements, which is the substantive question to be determined through the trial process. The company remains confident in both the outcome of the current legal proceedings and its operational capacity to continue unlocking value through exploration, drilling, and staged processing expansions.