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Matsa Resources Limited ( (AU:MAT) ) has shared an announcement.
AngloGold Ashanti Australia has begun a program of reverse circulation and diamond drilling on Matsa Resources’ M39/599 tenement at the Lake Carey Gold Project, under an existing tenement option agreement between the two companies. The campaign extends drilling from AngloGold Ashanti’s neighbouring ground into Matsa’s tenure and is seen by Matsa as a strong endorsement of the prospectivity of its Lake Carey holdings, with initial assay results expected to help shape AngloGold Ashanti’s 2026 exploration plans in the area and potentially enhance the strategic value of Matsa’s tenements.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
More about Matsa Resources Limited
Matsa Resources Limited is an Australian mineral exploration and development company focused on gold, with key assets including the Lake Carey Gold Project and the Devon Pit Gold Mine in Western Australia. The company operates through a portfolio of tenements in the gold-rich Eastern Goldfields region, positioning itself within the exploration and early-stage development segment of the gold mining industry.
Average Trading Volume: 2,282,233
Technical Sentiment Signal: Buy
Current Market Cap: A$129.1M
See more data about MAT stock on TipRanks’ Stock Analysis page.