CLASSIC MINERALS LIMITED (ASX:CLZ) is pleased to announce it has published its baseline Environmental, Social, and Governance (ESG) report with disclosures on 21 core metrics set by the World Economic Forum (WEF) in its standardised and globally recognised Stakeholder Capitalism Metrics ESG framework.

The report can be found atCLZ-ESG-Report-202306.pdf (classicminerals.com.au) Dean Goodwin, CEO, commented, 'I am pleased to introduce Classic Minerals' first ESG disclosure report which captures the starting point of our ESG journey. We are committed to the principles of Environmental, Social, and Governance (ESG) and ESG credentials. With this mindset, we are progressively embedding ESG reporting fully into our all our operations and governance systems.

We commit to ongoing ESG reporting on a quarterly basis, sharing our progress and improvements to creating long-term value for all our stakeholders.' Classic Minerals will continue to use Socialsuite's ESG reporting platform to measure, improve, and disclosure ongoing progress with reporting ESG metrics and indicators.

MINING UPDATE

Classic continues to process the Bulk Sample Ore through the Gekko Processing Plant at the Kat Gap mine site as anticipated. The team has also poured another gold dore bar which is to be refined.

ABOUT THE FORRESTANIA GOLD PROJECT

The FGP Tenements (excluding Kat Gap) are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd (ASX: HNR). Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. For the avoidance of doubt Classic Ltd owns a 100% interest in the gold rights on the Kat Gap Tenements and also non-gold rights including but not limited to nickel and lithium. Classic has inferred and indicated mineral resources of 8.41 Mt at 1.45 g/t for 391,417 ounces of gold, classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study suggesting both the technical and financial viability of the project.

Forward Looking Statements

Disclaimer This ASX announcement (Announcement) has been prepared by Classic Minerals Limited ('Classic' or 'the Company'). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this Announcement. This Announcement contains summary information about Classic, its subsidiaries and their activities which is current as at the date of this Announcement. The information in this Announcement is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Classic. By its very nature exploration for minerals is a high-risk business and is not suitable for certain investors. Classic's securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Classic and of a general nature which may affect the future operating and financial performance of Classic and the value of an investment in Classic including but not limited to economic conditions, stock market fluctuations, gold price movements, regional infrastructure constraints, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel.

Contact:

Email: contact@classicminerals.com.au

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