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Matsa Resources Limited ( (AU:MAT) ) just unveiled an announcement.
Matsa Resources Limited has commenced the haulage of ore from its Devon Pit Gold Mine to FMR’s Greenfields processing plant, marking a significant milestone in its operations. The first processing campaign is set to begin in September 2025, with the first gold pour expected shortly thereafter, positioning Matsa to transition into a gold producer. This development not only aligns with the company’s operational plans but also sets the stage for assessing additional projects for production, enhancing Matsa’s market positioning and potential growth.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, primarily focused on gold production. The company is engaged in the extraction and processing of gold ore, with a significant project at the Devon Pit Gold Mine. Matsa is strategically positioned to leverage its current operations to explore further production opportunities, particularly at its Lake Carey project.
Average Trading Volume: 642,112
Technical Sentiment Signal: Hold
Current Market Cap: A$58.48M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.