Company Details

Matsa Resources Limited (ASX: MAT)

ASX Listed
ASX Listed
Mining / Resources / Energy
On Market Buying

Company Information

  • Executive Summary

    Executive Summary

    Matsa is an ASX listed explorer who has become a gold producer following the acquisition and development of the Fortitude gold mine. Fortitude lies within the Lake Carey gold project south of Laverton, and is only one of a pipeline of quality projects within Australia and central Thailand. With an extensive exploration programme currently underway at Lake Carey, exciting times exist with potentially significant new discoveries pending. Importantly Matsa have recently acquired the Red October Gold mine also in Lake Carey which boosts mining potential within the area.

    Matsa remains in a strong financial position with cash and liquid assets. The Company aims not only to increase shareholder wealth through the discovery and development of minerals, but to do it in a socially and environmentally responsible way, utilising world best practices.

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    Financially robust small gold producer in a prolific goldfield in Western Australia. Substantial available gold treatment plants nearby which provides significant opportunities with no capital outlay required. Very low number of shares on issue.

    Stock Code ASX: MAT

    Shares on Issue 172.38 M

    Unlisted Options 13.7 M @ $0.20 – $0.30

    Market Capitalisation A$31.03 M @ $0.18

    Cash and Liquids ~A$6.3M (31st Dec 2017)

  • Company Highlights

    Company Highlights

    Currently a gold producer with an ambitious production growth plan commencing 2nd half of this year. Furthermore a substantial exploration programme will ensure news flow with potential to discover significant gold resources to compliment production growth.

    Fortitude Lake Carey– Acquired Project (Sept. 2016) Drilled / Updated Resource Fast Tracked Mining Approvals Commenced Trial Mining Discovered 4 Priority Gold

    Targets Red Dog Project– Acquired Project (Nov. 2017) Drilled / Maiden Resource Fast Tracked Approvals Mining Studies

    Red October Project– Acquired Project Occupied Camp and Infrastructure Commenced Mining Studies

    Corporate– Build Cash and Liquid Assets Formed Critical Relationships Transition to Gold Producer Created a Bright Future

    Western Australian Projects Fortitude Gold (Resource 354,600 oz Au) Red October Gold (Resource 99,000 oz Au) Red Dog Gold (Resource 26,300 oz Au) Symons Hill Nickel (Exploration) Killaloe Gold (Exploration)

    Thailand Projects Paisali Copper (Diamond Drilling) Siam Copper (Drilling) KT Gold (Applications)

  • Board & Management

    Board & Management

    Paul Poli

    Executive Chairman
    Paul completed a bachelor degree at the University of Western Australia in 1984, and after gaining experience with Duesbuys Chartered Accountants, he became a partner in a private practice in 1989. Paul is a fellow...

    Paul completed a bachelor degree at the University of Western Australia in 1984, and after gaining experience with Duesbuys Chartered Accountants, he became a partner in a private practice in 1989. Paul is a fellow of the Australian Society of Certified Practising Accountants he also holds a diploma in Financial Services and was a registered Securities Trader.

    Paul has considerable experience in general management/business, contract negotiations, taxation, corporate and business advisory.

    After some 22 years’ experience in advisory services, Paul founded Matsa Resources Pty Ltd which has developed and become Matsa Resource Ltd, a prosperous and well-funded exploration company with a pipeline of quality projects in Australia and Thailand.

    Paul has been the Executive Chairman of the Matsa Resources Ltd since the transformation from KBRL in 2009.

    Bachelor of Commerce, FCPA

    Frank Sibbel

    Non-Executive Director
    Mr Sibbel is a Mining Engineer who has over 40 years of extensive operational and management experience in overseeing large and small scale mining projects from development through to successful production. He was formerly the...

    Mr Sibbel is a Mining Engineer who has over 40 years of extensive operational and management experience in overseeing large and small scale mining projects from development through to successful production. He was formerly the Operations Director of Tanami Gold NL until his resignation on 30 June 2008, and has worked as the Principal in his own established mining consultancy firm where he has undertaken numerous projects for both large and small mining companies.

    B.E.(Hons) Mining, F.Aus.IMM

    Andrew Chapman

    Non-Executive Director & Company Secretary
    Andrew Chapman is a chartered accountant with over 16 years experience with publicly listed companies where he has held positions as Company Secretary and Chief Financial Officer and has experience in the areas of corporate...

    Andrew Chapman is a chartered accountant with over 16 years experience with publicly listed companies where he has held positions as Company Secretary and Chief Financial Officer and has experience in the areas of corporate acquisitions, divestments and capital raisings. He has worked for a number of public companies in the mineral resources, oil and gas and technology sectors. He is an associate member of the Institute of Chartered Accountants (ICAA) and a Fellow of the Financial Services Institute of Australasia (Finsia).

    BBus CA Ffin

    Dave Fielding

    Group Exploration Manager
    Mr Fielding is a geologist with more than 37 years of experience in exploration and evaluation of mineral deposits. Most recently, he has held management positions with Cleveland Cliffs Iron Ore and FMG and has...

    Mr Fielding is a geologist with more than 37 years of experience in exploration and evaluation of mineral deposits. Most recently, he has held management positions with Cleveland Cliffs Iron Ore and FMG and has evaluated greenfields magnetite projects for Portman and Aztec Resources. He had also overseen geological and resource related aspects of Aztec’s Koolan Island hematite deposits (now Mt Gibson Iron Ore) and had played an active role in discovery and evaluation of a number of ore deposits including the Century Zn deposit in Northwest Queensland.

    B Sc Geol, MSc Min Exploration

  • Company News
  • Contact Details

    Contact Details