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The latest update is out from Matsa Resources Limited ( (AU:MAT) ).
Matsa Resources Limited has completed the sale of its 20% interest in a portion of the Lake Rebecca Gold Project to Ramelius Resources Limited, receiving a final cash payment of $200,000. This transaction, which has brought Matsa a total of $1.192 million in cash and shares, strengthens its financial position and allows it to maintain a strategic interest in the Lake Rebecca Gold Project, which is adjacent to significant gold resources, potentially enhancing its future growth prospects.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. It has interests in various gold projects, including the Lake Rebecca Gold Project in Western Australia, where it retains a 20% free carried interest.
YTD Price Performance: 25.00%
Average Trading Volume: 21,333
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.01M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.
