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Matsa Resources Limited
LIMITED
ABN 48 106 732 487
ASX Announcement 21st December 2015
Diamond Drilling Programmes Update
Matsa wishes to advise on drilling progress at its Symons Hill, Fraser Range Ni-Cu project in Western Australia and its Siam Copper project in Thailand.
Symons Hill, diamond drillhole SHDD09 at target C11.
Diamond drilling activities at Symons Hill have progressed well, albeit slowly, and is currently at 339m. The hole is 111m from the upper conductor target depth of 440m. Drilling has been suspended to allow for staff to be with their families over the Christmas period, and will recommence on the 4th of January 2016.
Siam Copper, diamond drillhole 15SCDD01 at target IP5 at Siam1 West.
Commencement of drilling was delayed as previously advised and is currently at 120m still well above the IP target depth of 200m. Diamond drilling activities in Thailand will continue through the Australian festive season without interruption. Further progress will be advised to the ASX as significant events comes to hand.
For further Information please contact: Paul Poli
Executive Chairman
Phone +61 8 9230 3555
Fax +61 8 9227 0370
Email [email protected]
CORPORATE SUMMARY
Executive Chairman
Paul Poli Director Frank Sibbel
Director & Company Secretary
Andrew Chapman
Shares on Issue
144.15 million
Unlisted Options
8.44 million @ $0.25 - $0.40
Top 20 shareholders
Hold 51.78%
Share Price on 21 December 2015
16.5 cents
Market Capitalisation
$23.78 million
Head Office: Suite 11, 139 Newcastle Street, Perth Western Australia 6000 Tel: +61 8 9230 3555 Fax: +61 8 9227 0370
Bangkok Office: Unit 1808, Pacific Place 2, 142 Sukhumvit Road, Klongtoey, Bangkok 10110 Tel: +66 0 2653 0258 Fax: +66 0 2653 0258 [email protected] www.matsa.com.au