Matsa Resources receives $10 million deposit from AngloGold Ashanti

Matsa Resources Limited has received a $10 million deposit from AngloGold Ashanti Australia Limited as part of a revised Tenement Option Agreement. The payment is related to the acquisition of specific tenements from Matsa’s Lake Carey Gold Project in Western Australia.

The transaction is part of a larger $55 million deal. AngloGold Ashanti exercised its option early, and a significant condition precedent—ministerial consent—has been satisfied. The remaining $45 million balance is expected to be paid within 15 business days once all outstanding conditions, including third-party consents and the assignment of contractual access rights, are met.