MATSA RESOURCES LIMITED (MAT)
Share Price Analysis and Chart

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MAT

MAT - MATSA RESOURCES LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -1.73
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.105

14 Nov
2025

-0.005

OPEN

$0.11

-4.55%

HIGH

$0.11

2,954,047

LOW

$0.10

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FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx2.8
Net Operating Cash Flow xxxxxxxxxxxxxxx4.8 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx8.56 %
Return on Invested Capital xxxxxxxxxxxxxxx7.46 %
Return on Assets xxxxxxxxxxxxxxx5.07 %
Return on Equity xxxxxxxxxxxxxxx8.56 %
Return on Total Capital xxxxxxxxxxxxxxx-16.15 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx6 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxxxxx2.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx4.3 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

17/11/2025

1

Initiation of coverage with Buy

$0.25

138.10%

Petra Capital initiated coverage of Matsa Resources with a Buy rating and target price of 25c.

The company's 100%-owned Lake Carey project, 40km south of Laverton in Western Australia, is emerging as a low-risk mid-tier gold development opportunity in a prolific gold belt.

The broker expects the current 0.95Moz Resource to grow with ongoing drilling across a highly prospective 450sq.km land package, ahead of a mid-2026 Scoping Study for a standalone mill.

The company is already generating cash via third-party processing from the 82koz Devon pit, with $75m net cash forecast by March 2027. The broker reckons a tenement option deal with AngloGold Ashanti could deliver up to $113m, strengthening funding capacity.

First production from a standalone 1.5Mtpa plant is forecast for September 2028 with production estimated at 80koz per annum at cost (AISC) of $$2,573/oz.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.00 cents.
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 3.70 cents.
Access Extra Coverage Research History >

MAT STOCK CHART

FNArena News on MAT

1
Australian Broker Call *Extra* Edition – Nov 17, 2025

11:31 AM - Daily Market Reports

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