tiprankstipranks
Classic Minerals Extends Forrestania Settlement
Company Announcements

Classic Minerals Extends Forrestania Settlement

Hannans Limited (AU:RIL) has released an update.

Pick the best stocks and maximize your portfolio:

Classic Minerals Ltd has negotiated an extension for the settlement date of the Forrestania tenements purchase, allowing until November 1, 2024, for payment completion. The company agrees to pay the remaining $350,000 plus 12% interest and a 15% penalty fee on outstanding amounts, demonstrating both parties’ commitment to finalizing the transaction. Classic owns significant gold rights in the Forrestania Gold Project, with notable mineral resources reported in compliance with JORC Code standards.

For further insights into AU:RIL stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App