Toll Milking Agreement

That's what we need with westgold or monument what matsa did with FMR Greenfields mill. We have 100kounces and gold price is above. 5200$..

ASX Announcement 28

th April 2025

Ore Processing Agreement Executed

Devon Pit Gold Mine

HIGHLIGHTS

• Matsa has executed a formal Toll Milling Agreement (“TMA”)

with FMR Investments Pty Ltd (“FMR”) to treat gold ore from

the Devon Pit Gold Mine (“Devon”) at FMR’s Greenfields Mill

• With mining and processing agreements for Devon now in

place, Matsa will commence preliminary and early mining

works with first ore expected to be mined early June 2025.

• The Devon feasibility study demonstrated production of

340,000 tonnes of gold ore at 4.6 g/t for 50,000 Oz

(contained)1

resulting in A$59.8M positive cashflow at a gold

price of A$4,250/oz

• It is expected that the Devon ore will be processed over 15

months in 6 batches commencing in September 2025