Australia's Matsa Resources hits over 2-month peak on high-grade gold assays

Matsa Resources

22/03/2024 01:31

** Shares of Matsa Resources  MAT.AX  rise as much as 6.9%
to A$0.031, their highest since Jan 10 
    ** Stock posts its biggest intraday pct gain since March 8
    ** The gold miner and explorer says assayed further
high-grade gold at Devon Pit Gold Mine in Lake Carey gold
project, Western Australia
    ** Co expects to finalise a formal mining contract with BML
Ventures for the Devon Pit gold mine in the coming days
    ** About 1.4 mln shares change hands, compared with the
30-day average volume of 371,421
    ** Stock has risen 11.5% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))