Matsa Resources Grows Thailand Presence via New Lithium Applications
THE BOURSE WHISPERER: Matsa Resources (ASX: MAT) will have lots to talk about at next week’s 2022 RIU Explorers Conference after announcing that the company has recommenced active exploration in Thailand.
Matsa Resources has applied for 65 new Special Prospecting Licence Applications (SPLAs) in Thailand for 942 square kilometres in key granite/pegmatite belts.
The SPLAs cover ground known by the country’s Department of Minerals and Resources to host lithium occurrences.
Matsa is well prepared having a fully functional office, staff and skills in the country and is well positioned to actively grow its portfolio.
“Thailand has always been a place of special interest to Matsa and we always understood its excellent geological prospectivity, but had to be patient whilst the country matured their mining legislation and consent processes,” Matsa Resources chairman Paul Poli said in the company’s ASX announcement.
“We have observed substantial progress in this area over the last six months and authorities have now been positively engaging with miners.
“This is clearly evident through Kingsgate recommencing mining at their Chatree gold mine and even further afield, the success of Pan Asia with their lithium discoveries.
“Matsa sees enormous opportunities in exploration for lithium, gold and base metals, not only because of the highly prospective geology, but also the economic ramifications of Thailand’s close location to China.
“The two countries are now directly linked by rail which could have positive economic benefits to any mine development within the region.
“I see Thailand as an emerging mining frontier where tier one discoveries are bound to be made and with the change of attitude to mining it will be a great exploration destination.
“Our Thailand office, led by our Thailand managing director Mr Ratha Kheowhamseang, is taking advantage of this changing environment and using Matsa’s extensive Thailand experience and knowledge to build a high value exploration portfolio that will complement Matsa’s highly regarded Lake Carey gold project.
“Matsa intends to use some of the funds from the recently announced $20 million sale of Red October and Devon to advance the projects.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: reception@matsa.com.au
Web: www.matsa.com.au