Australia's Matsa Resources surges on acquisition of lithium-bearing prospects

Matsa Resources

07/02/2022 01:00

** Shares of gold explorer Matsa Resources Ltd  MAT.AX  gain
as much as 17% to A$0.062, on track for their best day since
July 2021
    ** Co announces acquisition of 65 Special Prospecting
License Applications (SPLAs), totaling 942 square km, which have
been accepted by the Thailand govt  urn:newsml:reuters.com:*:nASXbqzJ4d
    ** Says these SPLAs host lithium occurrences as per
Thailand's Department of Minerals and Resources records
    ** Stock hits highest since Jan. 25
    ** More than 1 mln shares change hands, compared with the
30-day average volume of about 597,000 shares
    ** Stock had fallen 7% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))