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MATSA RESOURCES LIMITED — Capital/Financing Update 2018
Sep 10, 2018
65296_rns_2018-09-10_ae401fee-1a9c-4612-8630-aedf7c12f263.pdf
Capital/Financing Update
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LIMITED ABN 48 106 732 487
ASX Announcement
11 September 2018
Mining Commences at Red Dog
Highlights
CORPORATE SUMMARY
Executive Chairman
- Mining has commenced at the Red Dog gold mine
Paul Poli
- All ore to be delivered to Sunrise Dam for processing as per Ore Purchase agreement with AngloGold
Director
Frank Sibbel
Director & Company Secretary
Andrew Chapman
Shares on Issue
176.93 million
Unlisted Options
13.70 million @ $0.25 - $0.30
Top 20 shareholders
Hold 51.68%
Share Price on 10[th] September 2018
14 cents
Market Capitalisation
$24.77 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 1801, 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 announce that mining has commenced at the Red Dog gold mine approximately 25km west of Matsa’s Fortitude Gold Mine, 16 km south-west of the Red October gold mine and 7km west of Second Fortune Gold Mine.
All equipment is on-site, offices have been established and blast hole drilling in preparation for the first blast this week is underway.
The Company has an agreement with AngloGold Ashanti Australia Limited (AGAA) whereby all gold ore will be treated at AGAA’s Sunrise Dam Gold Mine (SDGM) treatment facilities.
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Figure 1: Executive Chairman Paul Poli on site at Red Dog
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Figure 2: Red Dog Gold Project
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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