** Shares of Matsa Resources MAT.AX rise as much as 17.5%
to A$0.047, set for their best day since Feb 16, if gains hold
** The gold explorer says it has been able to recover
lithium from Manta's project in western Thailand
** Adds that there are discussions regarding potential
ongoing arrangements and cooperative exploration of its Thailand
lithium project
** Shares hit highest since Feb 17 and rise for a third
straight session
** Stock up 8.1% this year, as of last close
(Reporting by Archishma Iyer in Bengaluru)
((Archishma.Iyer@thomsonreuters.com;))