The Strip Ratio shows the expected effect:
"reduced waste to ore ratio of 31:1 down to 4.6:1 / Mar-18 only 2.6:1 to reduce further for the remainder of the project to 1.6:1.
C1 cost per ounce gold (eqv.) was reduced significantly from A$1,928/oz in the December quarter to A$1,182/oz this quarter
Nice that it continues:
Lake Carey – Exploration
Planning for a 10,000m drill programme completed and set to commence
A comprehensive review of the ~600km2 Lake Carey project has identified 5 high priority targets for exploration
Results identified 5 alteration areas where moderate to strong sericite alteration is associated with anomalous gold assays and highlights potential for significant gold mineralisation. The two highest priority areas of alteration are associated with Matsa’s BE1 prospect, where Matsa previously announced the presence of visible gold in diamond drill core.
Matsa is currently planning a follow up drilling programme to further test these targets.
I'm ready for major new gold discoveries.
RIU Conference Sydney / Day 2 Wednesday 9 May 2018 / 9.10am Matsa Resources Ltd Paul Poli
Hope he brings a few recent numbers with
the planned full mine operation.
I would be very happy if he succeeds
to give the market some positive imagination.
urgently necessary
MAT Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)