Hannans Ltd. joint venture partner Classic Minerals Ltd. announced 1 high grade gold intercepts at the Lady Ada and Lady Magdalene gold deposits within the Forrestania Gold Project (FGP) located approximately 120km south of Southern Cross in the Goldfields region of Western Australia. Hannans owns a 20% free-carried interest in the FGP meaning the Company is not required to fund any gold exploration until a decision to mine gold has been made by the joint venture 2. Hannans shareholders therefore remain exposed to the upside of the gold potential without the requirement to fund exploration.
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