PERTH (miningweekly.com) – ASX-listed junior Matsa Resources has started mining at its Fortitude gold project, in Western Australia.
A February study into trial mining at the Fortitude project revealed that for a cash injection of A$1.2-million, Matsa could produce some 185 000 t of ore, grading 2.2 g/t gold for 12 100 oz of gold.
“It is pleasing to announce that mining has commenced at the Fortitude gold project, which is Matsa’s first production activity. We expect that the revenue and cost projections released in the trial mining study in February should not have any material changes,” said Matsa executive chairperson Paul Poli.
Matsa in June inked an agreement with AngloGold Ashanti, which would see the gold major purchase the Fortitude gold ore to treat at its nearby 3.8-million-tonne-a-year mill at the Sunrise Dam gold mine.
Mining at Fortitude has now started in the North Pit on a single shift basis, with double shifts expected to start at the end of July.