Matsa Resources Secures AU$15 million to Drive Lake Carey Growth

Matsa Resources Limited (ASX: MAT) revealed a AU$15 million funding initiative aimed at speeding up progress at its Lake Carey Gold Project and associated activities. The package includes an AU$10 million share placement and an AU$5 million debt facility. Proceeds will support ongoing mining at the Devon Pit Gold Mine, forecast to generate around AU$60 million at current gold prices, and advance feasibility studies and mine designs for Fortitude and nearby deposits. The funding will also enable drilling at Fortitude North and BE1, where high-grade gold has previously been intersected, and support studies for a potential company-owned processing plant.

Backed by strong institutional support, including Collins Street Gold Fund, FiftyOne Capital, and major shareholders such as Deutsche Balaton, the capital raise positions Matsa to unlock value across its 949,000 oz resource base. With AngloGold Ashanti’s tenement elections complete, Matsa retains key assets with an option value estimated at over AU$113 million

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