- Investor Centre
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Fortitude – Stage 2 Gold Mine
Matsa has completed a Stage 2 Mining study at the Fortitude gold deposit. The study has delivered highly positive results, indicating the potential for an immediate commencement of the Fortitude Stage 2 mining operation.
Key metrics of the mining study are as follows:
Importantly, all statutory and regulatory approvals are in place for the immediate commencement of mining with the potential for a substantial increase of gold ore reserves in the near term.
Figure 1 Mining Study Projected Cash Flow ($AUD)