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Matsa Resources Limited ( (AU:MAT) ) has shared an update.
Matsa Resources Limited announced the discovery of a high-grade visible gold pocket at the Devon Pit Gold Mine, which was not included in the original reserve mine plan. This unexpected find has accelerated ore haulage and processing, with the first gold pour now expected on 15 September 2025. The discovery highlights the potential for high-grade gold settings in the area, enhancing Matsa’s operational prospects and potentially benefiting stakeholders, including shareholders and mining staff.
More about Matsa Resources Limited
Matsa Resources Limited is a mining company focused on gold exploration and production. The company operates the Devon Pit Gold Mine, which includes historical shafts and underground workings from the early 1920s, and aims to mine a reserve of 309kt at 4.59g/t for 46koz of gold.
Average Trading Volume: 752,889
Technical Sentiment Signal: Buy
Current Market Cap: A$71.56M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.