Matsa Resources Confirms Pascal Blampain's Board Exit and Details Final Share and Option Holdings

Pascal Blampain Officially Leaves Matsa Resources Board on 29 June 2026

Matsa Resources Limited has formally informed the market that Pascal Blampain ceased his directorship on 29 June 2026. The Final Director's Interest Notice was lodged in compliance with ASX Listing Rule 3.19A.3 and section 205G of the Corporations Act, mandating disclosure of departing directors’ final securities interests.

The notice confirms Blampain’s last prior disclosure was on 3 February 2026, covering a period of about five months until his exit. The company did not provide reasons for his departure or additional commentary regarding the board change in this filing.

Blampain’s Securities Holdings at Departure

The Final Director's Interest Notice details Blampain’s securities as of his resignation date. Part 1, which lists securities held directly by the director, reports nil holdings, indicating Blampain did not hold securities solely in his name at departure.

This reflects that his holdings were maintained through a joint account rather than individually, a common practice among directors holding shares via family or trust arrangements.

2,633,332 Ordinary Shares Held via the P&J Blampain Family Account

Part 2 of the notice, covering securities where a notifiable interest exists but the director is not the registered holder, shows 2,633,332 fully paid ordinary shares held jointly in the account named "Pascal Albert Blampain and Julie Blampain-Clark <The P&J Blampark A/C>". This family account structure is typical for managing investment portfolios.

These shares represent a significant economic interest in Matsa Resources at the time of Blampain’s departure. The company did not disclose whether any shares were sold or transferred around this period.

326,667 Unlisted Options Exercisable at $0.05, Expiring September 2027

Additionally, the notice reveals 326,667 unlisted options held in the same family account. These options have an exercise price of $0.05 each and expire on 30 September 2027, roughly 15 months after Blampain's resignation.

Such options are common incentives in junior resource firms. Whether these options remain exercisable post-resignation depends on their specific terms, which were not detailed in this filing. Interested parties should consult prior disclosures or contact Matsa Resources for further details.

No Contractual Interests Reported

Part 3 of the notice, which requires disclosure of any contractual interests with the company, lists none for Blampain. This suggests he held no reportable contracts with Matsa Resources beyond his director role at the time of departure.

This is typical where directors do not have separate service or consulting agreements. No further remarks were made by the company on this matter.

Implications of ASX Listing Rule 3.19A.3 for Matsa Resources and Investors

The Appendix 3Z Final Director's Interest Notice is a mandatory disclosure under ASX Listing Rule 3.19A.3, triggered when a director leaves a listed company. It provides a definitive record of the director’s securities interests at departure, ensuring market transparency.

For Matsa Resources shareholders, this filing clarifies that Blampain retained his holdings through the family account rather than divesting them upon leaving the board.

Board Status After Blampain’s Exit

The departure of a director in a small-to-mid-cap ASX-listed resource company can affect governance and strategy. Matsa Resources has not announced any replacement or board restructuring following Blampain’s exit on 29 June 2026.

Investors will be attentive to any forthcoming announcements regarding new appointments or changes to board committees. Updates on governance arrangements will be key for shareholders.

About Matsa Resources

Matsa Resources Limited is an ASX-listed explorer focused on gold and base metals projects in Western Australia’s Eastern Goldfields region, a historically significant gold-producing area. The company’s performance is closely linked to gold prices and exploration outcomes.

As a junior explorer, board changes are closely monitored due to directors’ active roles in strategy, capital raising, and project development. No forward-looking or operational updates related to Blampain’s resignation were included in this filing.

Timeline of Blampain’s Disclosures

The Final Director's Interest Notice references the previous disclosure dated 3 February 2026, marking the last update before his departure. There is no indication of changes in his share or option holdings between that date and 29 June 2026.

The company did not report any transactions involving these securities during this period. Any such trades would have been subject to separate reporting requirements while Blampain was a director.

Investor Considerations Post-Board Change

Following this disclosure, investors will focus on any announcements about the board’s future composition, including potential new director appointments and the expertise they may bring.

Shareholders may also monitor any market activity involving the 2,633,332 ordinary shares and 326,667 options held through the Blampain family account, noting these are no longer subject to director disclosure rules. The immediate impact on Matsa Resources’ share price from this filing is unclear. Investors should review upcoming quarterly reports and market updates for further insights.