Receipt of $10M Deposit from AngloGold Ashanti

Key points

• Matsa Resources has received a $10M deposit from AngloGold Ashanti
• Deposit follows revised Tenement Option Agreement
• Ministerial consent received, fulfilling a significant condition
• Additional $45M payable upon meeting final conditions

Full summary

Matsa Resources Limited has received a $10M deposit from AngloGold Ashanti Australia Limited as part of a revised Tenement Option Agreement (TOA) for specific tenements of Matsa's Lake Carey Gold Project near Laverton, Western Australia. This follows AngloGold Ashanti's early exercise of the option. Matsa has also received ministerial consent, satisfying a significant condition precedent. The remaining $45M is payable upon meeting the final completion conditions, including obtaining third-party consents and contractual access rights.