Last A$0.35 AUD
Change Today -0.005 / -1.41%
Volume 23.0K
As of 1:01 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

matsa resources ltd (MAT) Snapshot

Open
A$0.36
Previous Close
A$0.36
Day High
A$0.36
Day Low
A$0.35
52 Week High
06/20/14 - A$0.43
52 Week Low
02/13/14 - A$0.18
Market Cap
50.5M
Average Volume 10 Days
116.1K
EPS TTM
A$-0.06
Shares Outstanding
144.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MATSA RESOURCES LTD (MAT)

Related News

No related news articles were found.

matsa resources ltd (MAT) Related Businessweek News

No Related Businessweek News Found

matsa resources ltd (MAT) Details

Matsa Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Australia and Thailand. It primarily explores for gold and other base metals, including nickel, copper, and iron ore. The company is headquartered in Perth, Australia.

9 Employees
Last Reported Date: 09/29/13

matsa resources ltd (MAT) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: A$633.5K
Chief Financial Officer, Secretary and Direct...
Total Annual Compensation: A$115.8K
Exploration Manager
Total Annual Compensation: A$212.9K
Compensation as of Fiscal Year 2013.

matsa resources ltd (MAT) Key Developments

Matsa Resources Limited Reports on Exploration and Corporate Activities for the Quarter Ended March 31, 2014

Matsa Resources Limited reported on its exploration and corporate activities for the quarter ended March 31, 2014. Exploration at Symons Hill during the current quarter has comprised: phase 3 Aircore Drilling Programme for a total of 495 drillholes and 17,264 metres. The drilling was carried out using a truck mounted MA150 rig set up for aircore drilling after a small test programme of 4 RAB drillholes. In summary the drilling programme comprised the following: 495 drillholes for 17,264 m of drilling completed, a total of 493 bottom of drillhole samples were assayed within a few days of drilling using a handheld XRF unit. This enabled real time revisions to be made to planning of infill and step out drilling, a total of 4,505 composite samples up to 4m in length were submitted for assay, with 3,203 assays received to date and a total of 495 bottom of drillhole samples submitted for comprehensive lithogeochemical suite assays. The Gloucester corridor underlies the strike extensive (>10km long) bedrock Ni anomaly between SHG04 and newly discovered SHG11. The ultramafic and mafic rocks identified by aircore and RC drilling in the corridor are interpreted to represent a distinctive stratabound unit which is highly prospective for Ni-Cu sulphide mineralisation. Further drilling and ground geophysical surveys are planned to test the Gloucester Corridor. FLTEM surveys at VA15 identified complex anomalous responses at a depth of around 300m. Because of the potential importance of this target given its proximity to high priority Ni target SHG02, it was decided to be included for MLTEM surveying in an attempt to provide a well-defined drill target. A high powered moving loop EM (MLTEM) survey is currently in progress to better define a potential deep conductor interpreted from the FLTEM survey over VTEM Target VA15. This interpreted conductor is located on a strong gravity gradient, immediately adjacent to strongly enriched Ni values in weathered olivine metagabbro at SHG02. As recently announced, preliminary results to date appear to support the presence of complex anomalous responses at a depth of around 300m. The presence of near surface chargeable and low resistivity responses at SHG02 as detected by 2DIP surveying appears to be an important complicating factor as previously announced.

Matsa Resources Limited Reports Significant New Nickel Assays At Symons Hill

Matsa Resources Limited reported that progress with encouraging results has been made at Symons Hill. Aircore drilling has continued to intersect a suite of high grade metamorphic rocks dominated by variably feldspathic mafic granulites/metagabbros with lesser interbanded felsic granulites and quartz feldspar biotite gneisses. Drilling has been focused on anomalous soil and bedrock Ni and Cu values and selected gravity, aeromagnetic and VTEM targets, particularly at structurally favorable locations within interpreted mafic/ultramafic granulites. Overburden in the form of deeply weathered basement lithologies, in some cases overlain by transported sands was typically encountered to a depth of around 40m. Handheld XRF assays were carried out on bottom of hole samples within a short time of drilling. Results for Ni and Cu were used to map anomalous values in bedrock. A total of 4,505 composite samples (1m ­ 4m in length) were submitted for analysis by 4 acid digest. A further 495 bottom of hole samples were submitted for a comprehensive suite of major and minor elements for geochemical characterisation of basement rock types. Assay results for 3,205 composite samples have been received to date. A total of 321 lithogeochemical assays of bottom of hole samples have been received to date and results are currently being evaluated in conjunction with bedrock geology. Anomalous Ni and Cu values in bedrock are used by Matsa to identify prospective mafic/ultramafic granulite with potential for magmatic Ni-Cu sulphide mineralisation. Bedrock Ni and Cu anomalies are based on 95th percentile values of 150ppm Cu and 350ppm Ni for the 2014 drilling programme. New target SHG11 was defined by drillhole SHAC625 with a bottom hole Ni value of 1.2% Ni. This drillhole located 1km south and along strike from SHG03, intersected ultramafic granulite. Targets SHG02, SHG03 and SHG11 are interpreted as discrete mafic/ultramafic intrusives within an arcuate corridor of mafic and ultramafic rocks. This corridor which includes SHG04 extends approximately 10km around the margin of the Symons Hill Dome. In order to distinguish this Ni rich corridor which includes discrete ultramafic intrusives (SHG02, SHG03 and SHG11) from enclosing granulites and gneisses, Matsa has assigned the name Gloucester Corridor. New Target SHG10 was defined by 4 drillholes (SHAC707, SHAC633, SHAC710 and SHAC716) along 3 drill lines spaced 400m apart and with bottom of hole Ni values between 619ppm Ni and 873ppm Ni. Anomalous values were returned over 800m along an interpreted NS trending mafic/ultramafic granulite which appears to coincide with discrete magnetic and late channel VTEM anomalies. Further MLEM surveys and drilling are planned. Infill aircore drilling at SHG04 intersected anomalous Ni values in bedrock in 5 further holes. SHAC358, SHAC361, SHAC369 SHAC392 and SHAC670, which more clearly define the bedrock Ni anomaly which appears to follow the interpreted fold closure in the Gloucester Corridor at the northern end of the Symons Hill Dome. Infill aircore drilling at SHG02 confirmed earlier highly anomalous Ni values with 12 drillholes intersecting Ni values up to 0.6% Ni. The Gloucester corridor underlies the strike extensive (>10km long) bedrock Ni anomaly between SHG04 and newly discovered SHG11. The ultramafic and mafic rocks identified by aircore and RC drilling in the zone are interpreted to represent a distinctive stratabound unit which is highly prospective for Ni-Cu sulphide mineralisation. Further drilling and ground geophysical surveys are planned to test the Gloucester Corridor. A peak intercept of 21m @ 1.15% Ni in drillhole SHAC591 in weathered ultramafic granulites over Target SHG03 supports earlier strongly elevated Ni results over this target. The high Ni values achieved to date at Symons Hill were returned from SHG02 and SHG03. The high values (up to and higher than 1% Ni) have come from weathered ultramafic granulites in the Gloucester Corridor. The presence of highly anomalous Ni values > 0.1% in SHG04 emphasises the importance of Matsa's newly interpreted Gloucester Corridor which extends north of SHG02 and SHG03. This mafic/ultramafic granulite which is defined by consistently anomalous bottom of hole XRF Ni values can be seen to follow around the fold nose at the northern extremity of the Symons Hill dome through SHG04 and SHG06. Upcoming drilling and ground geophysics will be focused within and adjacent to this nickel anomalous corridor of mafic/ultramafic granulites which remain highly prospective for associated Ni-Cu sulphide mineralisation. The presence of Ni values >0.1% at the SW edge of aircore drilling coverage over SHG01 is potentially significant and will be delineated by further aircore drilling. A moving loop EM (MLEM) survey was carried out to improve definition of VTEM anomaly VA15. This survey has identified complex conductors at an interpreted depth of >350m. The interpretation of these deep responses has been complicated by surface IP effects. The interpretation shows 2 conductors within a strong gravity gradient, immediately adjacent to strongly enriched Ni values (up to 1.1% Ni) in weathered olivine metagabbro at SHG02. MLEM surveying was suspended because of potential interference with trial IP (Induced Polarisation) survey work and is planned to recommence shortly. Three survey lines were carried out with one line each over targets SHG01, SHG02 and SHG03 with the objective of exploring for disseminated Ni-Cu sulphide mineralisation associated with near surface Ni, Cu and Co enrichment. A preliminary interpretation of the data identified shallow (75-150m depth) chargeable and conductive zones closely correlating with surface Ni enrichment at SHG02 and SHG03. These may reflect disseminated sulphide mineralisation or alternatively deeper weathering of serpentinised dunite. A programme of RC drilling is proposed to test for Ni-Cu sulphide mineralisation. A preliminary interpretation of the single IP line at SHG01 did not identify an electrical target.

Matsa Resources Limited Presents at The RIU Explorers Conference, Feb-19-2014 04:50 PM

Matsa Resources Limited Presents at The RIU Explorers Conference, Feb-19-2014 04:50 PM. Venue: The Esplanade Hotel Fremantle - by Rydges, Western Australia, Australia. Speakers: Paul Poli, Executive Chairman and Chief Executive Officer.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MAT:AU A$0.35 AUD -0.005

MAT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for MAT.
View Industry Companies
 

Industry Analysis

MAT

Industry Average

Valuation MAT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 3.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MATSA RESOURCES LTD, please visit www.matsa.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.