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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, with ore extraction and stockpiling underway. The company plans to begin ore haulage to the FMR processing plant by late July 2025, aiming for its first gold sales in September. The operation is supported by a second excavator and completed infrastructure, ensuring efficient mining. With gold prices exceeding $5,000/oz, the company anticipates positive outcomes from the Devon project.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, focusing on gold extraction. The company is engaged in the development and operation of gold mines, with a particular emphasis on the Devon Pit Gold Mine.
YTD Price Performance: 88.57%
Average Trading Volume: 714,931
Technical Sentiment Signal: Buy
Current Market Cap: A$49.46M
Find detailed analytics on MAT stock on TipRanks’ Stock Analysis page.