Matsa Resources
Primary ticker: ASX:MAT
Stage of development: Exploration, Development
Primary minerals: Gold, Lithium
Project to promote: Devon Pit Gold Mine, Lake Carey Gold Project, Thai Lithium Project
Project location: Australia, Thailand
Website: www.matsa.com.au
Matsa Resources Limited is an ASX-listed gold and lithium explorer, operating in Western Australia and Thailand. The company’s focus is on expanding the 949,000-ounce resource at its flagship Lake Carey Gold Project to over 1,000,000 ounces. For 15 years, Matsa has maintained an office in Bangkok, supported by an experienced management and geological team. The company holds around 1,900 km² of prospective land in Thailand, including 118 Special Prospecting Licence Applications (SPLAs), making it one of the largest holders of lithium and copper exploration areas in Southeast Asia.
Cash: AUD 2.44M
Debt: AUD 5M
Major shareholders:
Deutsche Balaton 19.39%
BNP Paribas Nominees Pty Ltd <Clearstream> 11%
Bulletin Resources Limited 10.77%
BNP Paribas Noms Pty Ltd 5.10%
BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT> 3.38%
Management Ownership – 2.82%
Financials
Management Profile
Mr. Paul Poli, Chairman of Matsa Resources Ltd since 2009, is a fellow of the Australian Society of Certified Practicing Accountants and a former registered Securities Trader. He founded and managed a taxation and business advisory firm for 19 years. With extensive experience in financial management and business operations, he has led Matsa in several significant transactions, including the $14M Norseman sale to Panoramic, a $6M minority interest sale to Westgold, and a $7M Symons Hill joint venture with IGO. As Chairman of Bulletin Resources, he negotiated the $12M sale of Halls Creek to Pantoro.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
Devon regulatory approvals granted and Minelife company report
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Obtain funding for the Devon Pit Gold Mine
6 Months:
Commence mining at the Devon Pit Gold Mine
12 Months:
Be cashflow positive at the Devon Pit Gold Mine and commencing significant exploration activities at Lake Carey Gold Project to expand the exiting gold resources above 1million ounces.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
What do you think makes your company such a compelling investment?
What are the top 3 key investor takeaways?
Very near term production
High grade, near-term positive cashflow event
Significant exploration potential to expand existing gold resources above 1 million ounces