CLZ.ASX: Classic Files Supreme Court Action Over 80% Gold Rights

Classic Files Supreme Court Action Over 80% Gold Rights

Stock	Classic Minerals Ltd (CLZ.ASX)
Release Time	23 Jun 2026, 9:45 a.m.
Price Sensitive	Yes

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Classic Minerals Files Supreme Court Action Over 80% Gold Rights

Key Points

Classic Minerals has initiated legal proceedings to confirm its 80% beneficial interest in gold rights.
The proceedings follow the issuance of a Decision to Mine notice on May 27, 2026.
The Forrestania Gold Project includes mining lease M77/1310 with a JORC 2012 Mineral Resource Estimate of 6.95Mt at 1.33 g/t Au.
Registered caveats are in place to protect Classic's claimed interests.

Full Summary

Classic Minerals Limited (ASX: CLZ) has commenced Supreme Court proceedings in Western Australia to obtain a court determination that it holds and continues to hold an 80% beneficial interest in the rights to gold-bearing ore on or in the Forrestania Gold Project tenements. The proceedings aim to confirm the validity of the chain of assignments that transferred these rights to Classic. The Forrestania Gold Project, located in Western Australia, includes mining lease M77/1310, which hosts a JORC 2012 Mineral Resource Estimate of 6.95 million tonnes at 1.33 grams per tonne of gold. The company has also lodged registered caveats to protect its claimed interests. Classic's Chairman, Mr. John Lester, emphasized the importance of protecting the company's rights and advancing the project towards development.

Guidance

No specific financial metrics provided in the announcement.

Outlook

Classic Minerals aims to protect its rights and advance the Forrestania Gold Project towards development.