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Matsa Kicks Off Devon Pit Mining, Secures $101M AngloGold Option Amid Takeover Fight

4:02am on Monday 2nd of June, 2025 AEST Mining
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Matsa Kicks Off Devon Pit Mining, Secures $101M AngloGold Option Amid Takeover Fight

4:02am on Monday 2nd of June, 2025 AEST
Key Points
  • Devon Pit Gold Mine mining operations commenced with key agreements executed
  • Feasibility study projects $60 million operating surplus at $4,250/oz gold price
  • Maiden open pit ore reserve declared at 46,000 ounces
  • AngloGold Ashanti executed $101 million option agreement for Lake Carey assets
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