Matsa Resources’ Devon Pit gold mine has produced its first gold pour – producing gold doré at the FMR Greenfields Mill in Coolgardie, Western Australia.
The milestone, described as a “landmark occasion”, is the first gold produced from the company’s ore processing campaign which started in July.
The campaign is targeted at producing 50,000 tonnes of gold and has an anticipated reserve of 309,000 tonnes at 4.59 grams per tonne (g/t) of gold over an 18-month mine life.
The gold doré will be delivered to the Perth Mint for refining with gold sales to follow thereafter.
It’s understood that gold ore from Devon Pit will be stockpiled at the Greenfields Mill and at the mine for the campaign, which expected to run until late September. Results from the campaign are expected to known shortly after.
“This is a landmark occasion for Matsa and everyone involved in the Devon project. To produce out first gold doré is very exciting and is a credit to the hard work put in by everyone involved,” Matsa executive chairman Paul Poli said.
“This is just the start for Devon. This initial processing campaign with generate significant revenue…We aim to progress mining at Devon as planned and generate shareholder wealth over the next 18 months. I look forward to announcing the results of out first processing campaign in due course.”
The mine is currently expected to operate for approximately 18 months and produce more than 40,000 ounces of gold.
The second processing campaign is expected to commence on December 31, 2025.
AIMEX 2025 kicks off next week in Adelaide. Register for the free event here.
