Matsa Resources LtdASX: MAT

Devon Pit Scoping Study Delivers Excellent Results

· Issued by Matsa Resources Ltd

Filed with ASX · · 8 pages · English

positive results - indicates immediate commencement of Devon Pit Pascal Blampain feasibility study is warranted Director & Company Secretary o Total operating cash surplusA$40.75M over 12 months Andrew Chapman o Production of ~37,000 oz gold at 4.64g/tfrom 264,000t with a 93% recovery Shares on Issue o Operatingcash cost of A$1,144/ozgold 271.14million o Assumed average gold sale price of A$2,250/

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