Matsa Resources Limited - December 2015 Report

Matsa Resources has assembled a portfolio of highly prospective base and precious metals exploration tenements in Western Australia and Thailand. The Company has had a significant boost in Thailand, with the recent granting of a large package of copper prospective licences, located over areas of significant copper geochemical anomalism within the highly prospective Loei-Luang Prabang Fold Belt. The belt is host to a number of major deposits including Phu Kham and Chatree - the Company is now commencing advanced exploration activities, including drilling, on these properties. Ongoing work has returned results demonstrating the prospectivity of the Western Australian nickel projects, including Symons Range in the Fraser Zone, where the target is Nova-Bollinger style mineralisation and Killaloe, where Archaean komatiite-hosted mineralisation is the target. Although earlier stage, the Western Australian gold projects also have potential. Given the above, and with ongoing news flow, we rate Matsa as a SPECULATIVE BUY, with price movers being positive exploration results. Download the report for more information.