Abstract: This study investigates the utilization of gold tailings as raw materials through a process involving classification and magnetic separation. The specific approach involves “coarse−fine classification—coarse particle preparation for ceramic raw materials, fine particle filling.” The results demonstrate that effective classification can be achieved using a Φ150mm cyclone with a feed concentration of 28.28%, resulting in an underflow with +325 mesh content of 92.83% and an overflow with −325 mesh content of 96.09%. After undergoing a two−stage magnetic separation process (weak magnetic separation followed by strong magnetic separation), the underflow yields feldspar−quartz product with a whiteness of 59.09%, iron oxide content of 0.15%, and a recovery rate of 58.98%. This process effectively improves the quality, removes iron impurities, and enhances the whiteness of the product, meeting the industry standards for ceramic porcelain. Regarding the overflow material, a slurry concentration of 65% or higher and a cement−sand ratio of 1:10 can meet the requirements for cemented filling, achieving a compressive strength of 1 MPa after 28 days. The findings of this research can guide the resource utilization of gold tailings.