One of our favourite exploration plays, Matsa Resources (MAT), has rewarded investors with a surge from 21c to 43c over recent months
One of our favourite exploration plays, Matsa Resources (MAT), has rewarded investors with a surge from 21c to 43c over recent months. Matsa has established strong share market momentum on dual fronts. Firstly, solid exploration results ahead of follow-up drilling at its Symons Hill nickel project in the Fraser Range province of WA (just 6km from Sirius Resources' Nova-Bollinger discoveries), where the combined strike length of anomalous bedrock nickel values exceeds 10km; and secondly encouraging initial drilling and down-hole EM results from its Killaloe joint venture nickel project in WA.
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).