** Shares of Matsa Resources MAT.AX rise 11.9% to A$0.047, their highest since November 19, 2024

** Gold miner receives takeover bid from Patronus Resources PTN.AX at an offer price of A$0.045 cash per share

** Offer price represents a premium of 7.1% to MAT's last closing price of A$0.042

** Offer values MAT at A$33 million ($20.66 million)

** PTN shares down 1.7% to A$0.058

** Stock posts biggest intraday gain since December 30

** About 2.61 million shares change hands, more than 9 times the 30-day average of ~279,600

** MAT up 34.3% YTD, including session's moves, while PTN shares have risen 18.4%

($1 = 1.5972 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))