Matsa Resources Limited (ASX: MAT) has entered into a Tenement Option Agreement with AngloGold Ashanti Australia Ltd, granting AngloGold the option to acquire most of Matsa’s Lake Carey Gold Project for AU$101 million. The deal includes an AU$8 million non-refundable option fee and an option exercise fee of AU$73 million, based on the gold price and resource estimate. An additional AU$20 million in deferred consideration is tied to future resource discoveries. Matsa retains key assets, including the Devon Pit Gold Mine, Fortitude North Project, and Red October Accommodation Village. The transaction allows Matsa to focus on mining at Devon and exploration at Fortitude North. AngloGold Ashanti can explore and maintain the tenements during the option period but may withdraw at any time. Funds from the deal will support Matsa’s ongoing projects and corporate activities. The agreement is subject to regulatory approvals and other standard conditions.
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