MAT 7.41% 2.9¢ matsa resources limited

Ann: Ore Purchase Agreement Red October Gold Project, page-2

  1. 11,511 Posts.
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    A Five Year Ore Purchase agreement.... I am impressed with this 5 year agreement.It not only locks in agreement for their ore but by the length of time indicated it strongly suggests that Saracen left a lot of gold behind at Red October just like they did at King Of The Hills (RED).Red October obviously is going to be the stalwart of Matsa's future plans in the area whilst they also pick off and mine all the small stranded high grade shallow gold they can mine in small open pits and keep looking to identify and prove up another large gold deposit in this richly endowed Laverton region.
 
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