Matsa Resources falls on disputes over Western Australia gold mine JV

Matsa Resources

06/10/2023 05:24

** Shares of Australian gold explorer and miner Matsa
Resources  MAT.AX  fall as much as 6.9% to A$0.027, marking its
biggest intraday pct drop since Sept. 8
    ** Co says locked in various disputes between parties to the
Devon Gold Mine Joint Venture (JV) - MAT and Linden Gold
Alliance
    ** Devon Gold Mine JV is for Devon Gold Pit in Western
Australia
    ** MAT on Sept. 20 issued a notice of default to Linden
under the mine management and profit sharing JV agreement 
    ** Says parties have entered standstill agreement until Oct.
10  
    ** Stock down ~22% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))