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MATSA RESOURCES LIMITED (MAT)

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ASX, Legal & CGT Status

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Our website ranking of MAT: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MAT8
Address: Suite 11, 139 Newcastle Street, PERTH, WA, AUSTRALIA, 6000
Tel:  (08) 9230 3555Fax: (08) 9227 0370

Date first listed: 20/04/2005
Company Secretary: Andrew Chapman
Sector: Materials Industry Group: XMJ
Activities: Gold exploration

News & Events

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The suspension of trading in the securities of Matsa Resources Limited will be lifted immediately following the release by MAT of an announcement regarding a material corporate divestment.

20/12/2021

Matsa has executed a binding agreement to sell the Red October and Devon gold projects to Linden Gold Pty Ltd for a consideration of $20M. The consideration consists of a mix of cash and shares in LGL totalling $15M and a deferred payment of $5M. Matsa will be a substantial shareholder of the listed company upon completion, which will contain an existing operating mine and exploration ground already held by LGL as well as the sale assets which are contiguous. The transaction allows Matsa to continue building on itssignificant gold resource base at Lake Carey Gold Project, including the Fortitude Gold Mine where the recent scoping study identified an operating cash surplus of $95M, and define new resources elsewhere including Fortitude North. The sale monetises a portion of the Lake Carey Gold Project and demonstrates the potential value of Matsa's retained exploration assets. Dependent on the final quantum of LGL shares to be issued, Matsa will hold a substantial indirect interest in not only the Red October and Devon gold projects, via its interest in LGL, expected to be a newly listed company, but also the purchaser's existing mining and exploration operations. Matsa retains the 72 room village currently at Red October and its associated infrastructure.

20/12/2021

The securities of Matsa Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MAT, pending the release of an announcement regarding a material corporate divestment.

20/12/2021

name changed from Kalgoorlie-Boulder Resources Ltd

13/01/2009

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    15/12/2022Frank Sibbel500,000$0.039$19,300
    12/10/2022Andrew Chapman300,000$0.039$11,800
    21/12/2021Pascal Blampain300,000$0.060$18,000
    19/02/2021Paul Poli44,000$0.099$4,356
    16/02/2021Paul Poli50,000$0.099$4,950

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Paul PoliExecutive Chairman23/12/2008
    Pascal BlampainExecutive Director17/02/2021
    Andrew ChapmanDirector, CFO17/12/2009

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Frank SibbelDirector25/10/201003/03/2023

    Date of first appointment, title may have changed.