Matsa Resources (ASX:MAT) shares fell by up to 6.9% to A$0.027, their largest intraday percent decrease since early September.

The company announced it is entangled in various disputes regarding the Devon Gold Mine Joint Venture (JV) between Matsa Resources and the Linden Gold Alliance.

The Devon Gold Mine JV pertains to the Devon Gold Pit situated in Western Australia.

Matsa Resources had previously served a notice of default to Linden under the mine management and profit-sharing JV agreement on September 20.

Both parties have agreed to a standstill agreement until October 10.

As of the last closing, the company’s stock is down around 22% this year.

Matsa Resources is an Australian gold explorer and miner.