Matsa’s value creation strategy has gold and lithium prongs to work with

While the purpose of any publicly listed company is to create value for shareholders, Matsa is a dynamic explorer which differentiates itself from many of its peers by having two avenues to achieve this.

The first avenue and one that has several near-term value drivers is the company’s Lake Carey gold project in Western Australia’s northeastern Goldfields, which has an existing resource of 886,000oz of gold at a respectable average grade of 2.4 grams per tonne gold.

Matsa Resources’ (ASX:MAT) 449km2 tenement holding is the largest in the Lake Carey area outside of ground held by Goldfields and AngloGold. It is also adjacent to AngloGold’s Sunrise Dam operations.

Lake Carey consists of three operations – Fortitude, Red October and Devon.

The 1km long Fortitude open pit has gold resources of 489,000oz at 1.9g/t gold and is the subject of a mining study outlining production…