Classic secures $10 million to take Kat Gap to production

Classic Minerals Limited (Classic or the Company) (ASX: CLZ) is pleased to announce that it has entered into a binding terms sheet with Goldvalley Brown Stone Pty Ltd (Goldvalley), pursuant to which Goldvalley, a member of the Gold Valley group of companies, will provide funding forClassic’s 100% owned Kat Gap gold project (Terms Sheet). Key terms The key terms of the Terms Sheet are as follows: 1