Matsa Moves Closer to Finalising Lake Carey Gold Project Sale

Matsa Resources Limited (ASX: MAT) has announced a major milestone in its AU$101 million transaction with AngloGold Ashanti Australia, involving the sale of the Lake Carey Gold Project. A key regulatory hurdle has been passed as the acquisition is approved by the Australian Foreign Investment Review Board (FIRB). With this approval in place, there are no remaining conditions required from AngloGold Ashanti. Matsa has also secured waivers from all Right of First Refusal (ROFR) holders, allowing the deal to proceed without third-party intervention. This significant step brings Matsa closer to finalising the transaction, which will strengthen its balance sheet and enable future strategic exploration and development initiatives. The company’s market capitalisation stands at AU$40.31 million, with 732.85 million shares on issue. This transaction marks a turning point in Matsa’s journey, positioning it to unlock value for shareholders and refocus on growth opportunities within the resource sector.

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