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Matsa Resources Limited ( (AU:MAT) ) just unveiled an announcement.
Matsa Resources Limited has entered into a binding agreement with Blue Cap Mining Pty Ltd to develop and operate the Devon Pit Gold Mine, part of the Lake Carey Gold Project. The feasibility study for Devon indicates a potential cash flow surplus of A$59.8 million over 18 months, and the project will be managed on a profit-sharing basis with Blue Cap Mining providing part of the working capital. This collaboration is expected to enhance Matsa’s operational capabilities and financial performance in the gold mining sector.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, primarily focusing on gold mining projects. The company is involved in the development and operation of gold mines, with a market focus on increasing project cash flow and shareholder value.
YTD Price Performance: 50.0%
Average Trading Volume: 52,655
Technical Sentiment Signal: Sell
Current Market Cap: €24M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.