BUZZ-Australia's Matsa Resources hits nearly 5-year high on gold find

Reuters2025-09-12

** Matsa Resources MAT.AX soars as much as 20.59% to A$0.145, highest since October 16, 2020

** Gold explorer identifies high-grade gold at Devon Pit mine in Western Australia

** Stock adds ~44% in value so far this week; set for best week since early August, 2012

** About 4.6 mln shares traded vs 30-day avg of ~1.5 mln

** Stock tracks broader rally in mining sub-index .AXMM, which is up 1.4%

** MAT last up 12.5%, surges 285.71% YTD

(Reporting by Komal Pooja Asokan)

((KomalPooja.Asokan@thomsonreuters.com))

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