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Matsa Resources Limited ( (AU:MAT) ) has provided an update.
Matsa Resources Limited has commenced its second gold ore processing campaign from the Devon Pit Gold Mine, with approximately 50,000 tonnes of stockpiled ore now being treated at FMR’s Greenfield processing plant after 12 weeks of accumulation. A third processing campaign is already scheduled for April 2026, signalling ongoing production momentum at the Devon operation and providing clearer near-term visibility on output for investors and other stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.13 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 gold mining company focused on the Lake Carey Gold Project in Western Australia, including the Devon Pit Gold Mine. The company is listed on the ASX, has a substantial issued share base with a concentrated top-20 register, and maintains a market capitalisation in the mid-cap range for local gold producers.
Average Trading Volume: 2,204,976
Technical Sentiment Signal: Buy
Current Market Cap: A$127.6M
Learn more about MAT stock on TipRanks’ Stock Analysis page.