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Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.070 -0.04 (-36.36%)+
Announcement
Release
3 Feb 2026 9:09AM
Price at Release
$0.110
Full Release
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Summary
Matsa Resources Limited announced the completion of Campaign 2 for processing gold ore from the Devon Pit Gold Mine. The campaign, which began on January 8, 2026, at the FMR Greenfields processing facility, processed 51,562 dry tonnes over 19 days and yielded 23 gold doré bars, valued at approximately $25.2 million. These bars have been delivered to the Perth Mint for refining, with final gold weights pending. The campaign met expectations, performing well with higher-grade ore, leading to more gold production than Campaign 1. The first cash proceeds from Campaign 2 are expected shortly, with further sales following final reconciliations. Preparations for Campaign 3 have begun, with processing anticipated to start on March 18, 2026.
Key Points
  • Campaign 2 processing completed on 27 January 2026
  • 51,562 dry tonnes processed, yielding 23 gold doré bars
  • Estimated value of $25.2M at $7,000/oz gold
  • Higher-grade ore resulted in more gold than Campaign 1
  • First cash proceeds from Campaign 2 expected soon
  • Preparations for Campaign 3 underway, processing to begin on 18 March 2026
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.