Classic Minerals Limited advises that it has received assay results from the recent pilot plant test-work1. The average head grade for the first portion of the bulk sample ore from Kat Gap is confirmed at 6.06 g/t. The mining of the bulk sample combined with the lab studies of 29 Sept 2020 and processing ore through the Gekko pilot plant gives a large degree of confidence to the Company. The original JORC resource was calculated to be "1Mt @ 3gpt Au for 93koz (0gpt lower cutoff)" 2. The actual grade calculated from the pilot plant run of 6.06 g/t Au is much higher than the average inferred resource grade calculated in April 2020.

The gravity gold recovery is once again in line with expectations, with a recovery of 73.2% into a mass pull of 4.6% of the feed. This compares very well against previous bench scale metallurgical test work of 65-75% gravity gold recovery in approximately 5% mass pull3. These results clearly demonstrate that the Gekko plant is perfectly suited to Kat Gap style ore capable of extracting high levels of gravity gold at relatively low cost.

The gravity concentrate produced at a low cost with no chemical reagents provides confidence of the viability of the milling process. The concentrate contained crushed material with a top size of 2.5mm, which was predominantly quartz with minor fractions of iron oxide and other base metal minerals. Gold was present as both freely liberated gold (38% of the concentrate gold) and as binary gold/gangue particles.

Examination of the concentrate with a loupe evidenced gold particles partially liberated within quartz particles, as well as fully liberated gold particles. (Base metal scan currently underway to determine minerals/metals present in the concentrate). The Pilot run demonstrates that the Gekko flowsheet effectively concentrates the gold ore to produce a high-grade concentrate, whilst discarding a proportion of the gold into a low-grade tailings stream.

In this instance the concentrate assayed approximately 90 g/t Au, with a tailings grade of 1.62 g/t Au giving an overall head grade of 6.06 g/t Au.