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MATSA RESOURCES LIMITED — Capital/Financing Update 2017
Jun 14, 2017
65296_rns_2017-06-14_3c6c8ccc-a4dd-410e-b691-450c743657e2.pdf
Capital/Financing Update
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LIMITED ABN 48 106 732 487
ASX Announcement
15[th] June 2017
Mining Contract Awarded Fortitude Gold Project
Highlights
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Quadrio Earthmoving Pty Ltd has been appointed the Mining Contractor for the Trial Mine at the Fortitude Gold Project
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Mobilisation of mining contractor to site and mining activities to commence over the next few weeks
CORPORATE SUMMARY
Executive Chairman
Paul Poli
Director
Frank Sibbel
- Terms and conditions are in accordance with the Trial Mining Study
Director & Company Secretary
Andrew Chapman
Shares on Issue
144.7 million
Unlisted Options
17.02 million @ $0.25 - $0.30
Top 20 shareholders
Hold 54.64%
Share Price on 14 June 2017
24 cents
Market Capitalisation
$34.73 million
Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Tel : +61 8 9230 3555 Fax: +61 8 9227 0370 Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok 10110 Tel : +66 0 2653 0258 Fax : +66 0 2653 0258 [email protected] www.matsa.com.au
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Matsa Resources Limited (“Matsa” or “the Company” ASX: MAT) is pleased to advise that it has now formally awarded the Mining Services Contract to Quadrio Earthmoving Pty Ltd (“QEM”) for the trial mining activities at the Fortitude Gold Project.
The mining contractor will commence mobilisation to site, including its infrastructure, equipment and personnel over the next few weeks with the commencement of full production expected thereafter.
Matsa continues to finalise arrangements for commencement of trial mining.
For further information please contact:
Paul Poli Executive Chairman Phone +61 8 9230 3555 Fax +61 8 9227 0370 Email [email protected] Web www.matsa.com.au
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