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Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.072 -0.063 (-46.67%)+
Announcement
Release
30 Jan 2026 6:25PM
Price at Release
$0.135
Full Release
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Summary
Matsa Resources Limited's quarterly report for the period ending 31 December 2025 primarily focuses on the operations at the Lake Carey Gold Project in Western Australia. The company reported $11.73 million in gold sales from the first processing campaign at the Devon Pit Gold Mine, with mining continuing into a second campaign. They also received $1.5 million from AngloGold Ashanti as part of a tenement option agreement. Matsa is actively planning further exploration and drilling programs to expand its resource base, particularly at Fortitude North. Financially, the company secured a $15 million funding package to support ongoing and future projects. Key expenditures this quarter included significant mining expenses, acquisition of property and equipment, and corporate overheads.
Key Points
  • Gold sales of $11.73 million from Campaign 1 at Devon Pit Gold Mine.
  • Mining continued for Campaign 2 with 30,000t of ore stockpiled.
  • AngloGold Ashanti paid $1.5M for the second Option Fee.
  • Matsa planning exploration drilling at Fortitude North.
  • Secured $15M funding package for Lake Carey development.
  • Incurred $22.35 million in mining expenses for Devon Pit.
  • Received $10M from a placement and $1.685M from option exercises.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.