Australia's Matsa Resources rises on gold mine deal with BML Ventures

Matsa Resources

04/03/2024 02:36

** Shares of Matsa Resources  MAT.AX  rise as much as 3.5%
to A$0.030, their highest since Feb 21
    ** The gold miner says it has entered into a binding heads
of agreement with BML Ventures for mining of Devon Pit Gold Mine
    ** Under deal, BML will have exclusive right for open pit
mining at Devon Pit Gold Mine, with profits to be split 50-50
between the two firms  
    ** Matsa stock set for best day since March 1, if gains hold
   
    ** Set for third straight session of gains, if trend holds
    ** MAT up 11.5% YTD, as of last close
    

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))