Matsa Appoints Three Directors to Boost Lake Carey Development

Board Overhaul Targets Technical and Governance Strength

Matsa Resources Limited (ASX:MAT) has undertaken a significant board renewal, appointing three new non-executive directors to enhance its technical and commercial oversight as it advances the Lake Carey Gold Project in Western Australia. This reshuffle moves the board to a majority non-executive composition, signalling a deliberate shift towards stronger governance amid the company’s growth phase.

The new directors, Robert Ryan, Graham Ascough, and Leonard Lau, bring complementary expertise spanning mine development, geoscience, and corporate strategy. Ryan’s mining engineering background and operational leadership in Western Australian goldfields align closely with Matsa’s upcoming development studies and mining activities. Ascough’s 35-year track record in exploration leadership supports the company’s aggressive drilling programs aimed at resource expansion. Lau’s corporate development experience, including involvement in multi-billion-dollar transactions, bolsters Matsa’s commercial and investor relations capabilities.

Management Team Expansion Supports Exploration and Development

Executive Chairman Paul Poli remains at the helm, steering the company through this transition while continuing to build an executive management team tailored to Lake Carey’s development needs. Andrew Chapman retains his role as non-executive director and company secretary, focusing on governance and financial reporting.

Recent hires across exploration, mining, geology, and finance underscore Matsa’s commitment to operational robustness. Notably, Karen De Luca joins as Consultant Exploration Manager, bringing over three decades of experience with a history of leading exploration teams to discovery in the Yilgarn region. Technical and geology consultant Mark Cossom, with almost 30 years in gold exploration and mining geology, rounds out the strengthened technical team.

Resignation and Continuity in Geological Leadership

Longstanding board member Pascal Blampain has resigned but remains within the geological management team. His geological leadership has been pivotal in building the Lake Carey resource and guiding exploration programs, including the Fortitude North and Devon prospects.

The appointments and management reinforcements come as Matsa prepares for staged drilling campaigns through 2026 and 2027, aiming to grow the current 949,000-ounce resource. The company’s strategy includes a strong focus on the Fortitude North area and advancing development studies to transition Lake Carey towards production readiness.

Positioning for Next Phase Amid Active Exploration

These governance and management changes complement Matsa’s ongoing operational momentum, including recent drilling activities and resource growth initiatives. The board renewal reflects an intent to match the company’s technical ambitions with robust oversight as it seeks to unlock Lake Carey’s multi-million-ounce potential.

With the company’s drilling programs underway and development studies progressing, Matsa’s enhanced leadership structure aims to provide the expertise and stability needed to navigate the complexities of exploration and project advancement in the competitive Western Australian gold sector.