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Matsa Resources Limited ( (AU:MAT) ) just unveiled an update.
Matsa Resources Limited has commenced mining operations at the Devon Pit Gold Mine, part of its flagship Lake Carey Gold Project, with the first ore expected to be processed in September 2025. The company has secured $6 million in funding from Blue Cap Mining Pty Ltd to support Devon operations and has received initial deposits from AngloGold Ashanti Australia Limited as part of a $101 million Tenement Option Agreement. Additionally, promising drill results have been reported from the Fortitude North site, further enhancing the company’s exploration prospects.
More about Matsa Resources Limited
Matsa Resources Limited is a mining company focused on gold and lithium projects, primarily operating the Lake Carey Gold Project in Western Australia and exploring lithium opportunities in western Thailand.
Average Trading Volume: 681,063
Technical Sentiment Signal: Buy
Current Market Cap: A$54.71M
For an in-depth examination of MAT stock, go to TipRanks’ Overview page.