Kalkine: Matsa Resources Kicks Off Devon Pit Mining as ASX200 Gold Momentum Builds

June 06, 2025 05:58 PM AEST | By Team Kalkine Media

Kalkine: Matsa Resources Kicks Off Devon Pit Mining as ASX200 Gold Momentum Builds — Image source: Shutterstock

Operational Milestones Achieved

The commencement of pre-mining work and mobilisation of key equipment sets the stage for a productive operational cycle in 2025. Stage 1 grade control drilling on the West Lode has been concluded, and the focus has now moved to the Main Lode. Dewatering infrastructure has also been successfully commissioned, enabling water discharge into Lake Carey, thereby ensuring environmental compliance and operational continuity.

The mining fleet is being progressively mobilised, with essential machinery such as excavators, dozers, and water trucks already on-site. Supporting infrastructure has been bolstered through the reactivation of Red October Village, a critical move to accommodate the expanding workforce.

Matsa aims to stockpile its first ore by June 2025, with haulage to the Greenfields Mill scheduled to commence in July. The company anticipates processing 50,000 tonnes of ore by September 2025, followed by a second campaign in December. These production timelines point to a well-structured and phased ramp-up.

Strategic Outlook in a Strong Gold Environment

The excitement surrounding the Devon Pit development is fueled not only by solid execution but also by favourable gold pricing, which has remained above AU$5,000/oz in recent times. Such market conditions create tailwinds for gold-focused companies like Matsa Resources, particularly as the ASX200 sees renewed interest in resource and ASX dividend stocks as part of broader defensive plays.

Paul Poli, Executive Chairman of Matsa Resources, noted the coordinated efforts and high energy at the site. The company’s commitment to operational readiness is evident from the active presence of drill rigs, generators, and camp facilities already functioning on-site.

With operational infrastructure in place and a clear roadmap through 2025, Matsa Resources is well-positioned to capitalise on the robust gold market. As gold continues to hold investor interest amidst macroeconomic uncertainty, Matsa’s progress at Devon Pit adds a compelling narrative to the broader ASX200 gold exploration and production theme.

Investors tracking developments in the Australian gold sector will likely keep a close eye on how Matsa Resources (ASX:MAT) delivers on its production milestones throughout the year.

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