Matsa Resources Limited ( (AU:MAT) ) has issued an update.
Matsa Resources Limited has executed a Toll Milling Agreement with FMR Investments Pty Ltd to process gold ore from the Devon Pit Gold Mine at FMR’s Greenfields Mill. This agreement marks a significant step towards Matsa becoming a gold producer, with mining operations set to begin in June 2025 and processing to start in September 2025. The project is expected to yield 50,000 ounces of gold, generating a positive cash flow of A$59.8 million. The strategic partnerships and favorable gold price environment position Matsa to deliver exceptional value to its shareholders.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and production. The company is involved in the Lake Carey Gold Project, which includes the Devon Pit Gold Mine, and aims to deliver significant value to its stakeholders through strategic mining and processing agreements.
YTD Price Performance: 57.89%
Average Trading Volume: 50,519
Technical Sentiment Signal: Sell
Current Market Cap: €26.42M
Learn more about MAT stock on TipRanks’ Stock Analysis page.