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8 CLASSIC MINERALS CLASSIC MINERALS LIMITED 71 Furniss Rd , Landsdale Western Australia 6065 ASX : CLZ | ABN 119484016 contact@classicminerals.com.au 28 October 2021 ASX Announcement SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT Classic Minerals has made significant progress at Kat Gap during the quarter as it strives to become a gold producer . Highlights of the quarter include : • • Assay results returned for deep RC drilling testing beneath previously recorded fresh rock high - grade gold mineralisation at Kat Gap . Commenced first stage extraction of a 49,000t bulk sample at Kat Gap . • Advancing engineering , mining , and metallurgical studies at Kat Gap , and CDA S IGO have made further progress at Classic's Fraser Range Project . A total of 11 holes for 1,940 metres were drilled during the quarter by the Company . RC drilling was focused solely on Kat Gap with work concentrating on the down dip extensions of previous high grade gold mineralisation into fresh rock . Classic commenced mining of a 49,000t bulk sample in readiness for full scale production . The mining of this bulk sample will afford the Company the opportunity to test and refine the Gekko plant . IGO have continued working on their recently identified high conductance discrete EM anomaly over the Thylacine and Sabretooth area ( now known as the Moa target ) within a broader stratigraphic conductor . Figures 1 & 2 : Drilling at Kat Gap Page 1 of 23