---
title: "Matsa faces Devon mine suspension and debt facility expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298846056.md"
description: "Matsa Resources suspended operations at its Devon Gold Project after contractor Blue Cap Mining appointed receivers due to unpaid amounts. To address debt and refinance, Matsa expanded its secured facility with Deutsche Balaton to $37.5 million and added a $4 million loan. The company appointed KordaMentha as administrators for two subsidiaries while disputing profit-share liabilities. Shares remain suspended pending updates, with analysts maintaining a 'Buy' rating and a A$0.25 price target."
datetime: "2026-09-14T00:22:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298846056.md)
  - [en](https://longbridge.com/en/news/298846056.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298846056.md)
generator: "portal-rs"
---

# Matsa faces Devon mine suspension and debt facility expansion

Matsa Resources Limited ( (AU:MAT) ) just unveiled an announcement.

Matsa Resources Limited, an Australian gold miner focused on the Devon Gold Project and other assets such as Fortitude and Fortitude North, relies on secured loan facilities to support mine development and operations. Its portfolio centres on gold exploration and production in Western Australia, positioning the company within the junior to mid-tier resources sector.

Operations at the Devon Gold Project have been suspended after mining contractor Blue Cap Mining claimed unpaid amounts and appointed KPMG as receivers over certain Devon-related assets, prompting Matsa to appoint KordaMentha as administrators for two subsidiaries while disputing any profit-share liability. To repay outstanding invoices and refinance existing debt, Matsa expanded its secured facility with Deutsche Balaton to $37.5 million and added a new $4 million loan, while continuing an internal operational review of Devon and keeping its shares suspended pending further updates.

The most recent analyst rating on (AU:MAT) stock is a Buy  
 with a A$0.25 price target.  
 To see the full list of analyst forecasts on Matsa Resources Limited stock,  
 see the AU:MAT Stock Forecast page. 

**More about Matsa Resources Limited**

Matsa Resources Limited is an Australian gold mining company focused on the Devon Gold Project in Western Australia, along with other assets including the Fortitude and Fortitude North gold projects. The company develops and operates gold mines and uses secured debt facilities to fund project development and working capital needs.

**YTD Price Performance:** -63.85%

**Average Trading Volume:** 1,386,105

**Technical Sentiment Signal:** Sell

**Current Market Cap:** A$45.65M

See more data about MAT stock on TipRanks’ Stock Analysis page.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**