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Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.062 -0.005 (-7.46%)+
Announcement
Release
30 Apr 2026 6:20PM
Price at Release
$0.067
Full Release
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Summary
Matsa Resources Limited's quarterly report for the period ending 31 March 2026 details significant operational activities and financial metrics related to their Lake Carey Gold Project in Western Australia. The report highlights the processing and mining operations at the Devon Pit Gold Mine, where Campaign 2 yielded $28.7 million in gold sales. Matsa continues exploration efforts at Fortitude North with a target resource estimate between 643,000 oz and 1.85 million oz of gold. The company has entered into a $17.5 million debt facility with Deutsche Balaton to support ongoing mining operations and working capital needs. Matsa maintains a strong cash position of $22.92 million and aims to enhance resource estimates through various drilling initiatives.
Key Points
  • Matsa Resources Limited's Devon Pit Gold Mine achieved $28.7M in gold sales during Campaign 2.
  • The company has a $17.5M debt facility agreement with Deutsche Balaton.
  • Exploration at Fortitude North targets up to 1.85 million oz of gold.
  • Matsa reported cash and ROM ore stocks on hand of $22.92M as of 31 March 2026.
  • Operational improvements at Devon Pit led to increased production efficiency.
  • Drilling programs at Lake Carey will focus on Fortitude North and other key sites.
  • Campaign 3 processing at FMR is scheduled to commence on 28 May 2026.
  • Matsa Resources continues to expand its exploration and geological teams.
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.