Matsa Resources Limited (AU:MAT) has released an update.
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Matsa Resources Limited is progressing with development plans for the Devon Pit Gold Mine, showing a 19% increase in estimated gold ounces and securing necessary approvals for Q4 2024 mining commencement. The company has also been granted exclusive exploration rights in Kanchanaburi, Thailand, where a new rare earth discovery at Black Panther shows significant potential. Financially, Matsa is in a solid position with $1.035M in cash and receivables, and recently secured up to $360,000 in government co-funded drilling refunds.
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