Can Matsa Meet Production Targets as Devon Pit Haulage Begins?
Matsa Resources has begun transporting ore from its Devon Pit Gold Mine to the Greenfields processing plant, setting the stage for its first gold pour in September 2025.
- Ore haulage from Devon Pit to Greenfields processing plant commenced
- First 50,000 tonnes scheduled for processing starting 17 September 2025
- Initial gold pour expected within seven days of processing start
- Mining operations remain on track with established schedules
- Second processing campaign planned for mid-December 2025
Operational Milestone Achieved
Matsa Resources Limited has reached a significant milestone with the commencement of ore haulage from its Devon Pit Gold Mine to the FMR Greenfields processing plant. This marks a critical step as the company transitions from development to production, with the first batch of ore already being stockpiled and transported.
Processing Campaign and Gold Pour Timeline
The company plans to process an initial 50,000 tonnes of high-grade ore starting 17 September 2025. Executive Chairman Paul Poli expressed optimism about the progress, highlighting that the mine setup and logistics have come together smoothly. The first gold pour is anticipated within seven days of processing commencement, with gold doré scheduled for immediate delivery to the Perth mint for refining.
Mining and Haulage Operations
Mining activities at Devon remain firmly on schedule, with road train haulage currently operating around the clock. The fleet is expected to increase from six to ten road trains by late August and into September, ensuring a steady flow of ore to the processing plant. This operational rhythm is crucial for meeting the company’s production targets and revenue timelines.
Future Production and Expansion Prospects
Following the initial processing campaign, Matsa plans to commence a second campaign in mid-December 2025. The company is also evaluating opportunities to leverage the Devon operation’s infrastructure to bring other projects into production. With a strong foothold in the Lake Carey region and a robust operational base, Matsa is positioning itself for growth as it transitions into a gold producer.
Looking Ahead
The Devon Pit Gold Mine is expected to operate for approximately 18 months, with projected gold sales exceeding 40,000 ounces. This operational timeline and production forecast set a clear path for Matsa’s near-term revenue generation and longer-term strategic development.
Bottom Line?
Matsa’s successful ore haulage launch signals a promising start to gold production, with market eyes now on September’s first pour.
Questions in the middle?
- Will the initial processing campaign meet expected gold grade and recovery rates?
- How will gold price fluctuations impact Matsa’s revenue projections?
- What timelines and strategies will Matsa adopt for expanding other projects leveraging Devon’s infrastructure?
