Matsa Resources (ASX: MAT) Chairman presents the company’s current position at the RIU Explorers Conference

Highlights

  • Matsa is sitting in a strong financial position with Shares on Issue A$176.93M and $6M in cash and liquid assets.
  • Matsa have recently completed the Fortitude Trial Mine with stage 2 planned for 2019 and completed Red Dog with a surplus of A$5.4 million in four months.
  • Matsa has now commenced underground mining at the Red October Gold Mine with many new opportunities at Lake Carey on the horizon, providing a pathway for increased gold production.

Executive Chairman Paul Poli presented Matsa’s current business position at the RIU Explorers Conference in Fremantle.

Shares on Issue A$176.93M with share price constant of late and upward trending. They are on a steady pathway to success with $6M in cash and liquid assets. Matsa’s gold inventory is sitting at commercial grade level at Lake Carey sitting at 441, 600oz Au. They have adequate available infrastructure and mining capacity, a dedicated management team with ample opportunities to grow their resources.

In their Western Australia Project Portfolio, Matsa boasts:

  • Fortitude Gold Mine 342,600 oz Au
  • Red October Gold Mine 99,000oz Au
  • Lake Carey Gold Project (600km2)
  • Symons Huill Nickel (56km2)

Matsa’s aim is to successfully find small, previously stranded gold deposits and unlock the deposits to make money from them. They have recently completed the Fortitude Trial Mine with stage 2 planned for 2019 and completed Red Dog with a surplus of A$5.4 million in four months. Matsa has now commenced underground mining at the Red October Gold Mine.

Matsa has a proven capacity to plan, develop and execute mining projects in-house with many new opportunities at Lake Carey on the horizon, providing a pathway for increased gold production.

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