Matsa Resources (ASX:MAT) has received the final US$45 million ($64 million) payment from AngloGold Ashanti (NYSE:AU), completing the Lake Carey tenement option agreement.
The payment is the last amount due from AngloGold Ashanti Australia for five tenements within Matsa’s Lake Carey Gold Project near Laverton in Western Australia. The $45 million excludes goods and services tax (GST).
AngloGold Ashanti has now paid a total of $70.125 million, including GST, under the agreement.
The completion follows a 22 September announcement in which Matsa and AngloGold Ashanti entered a revised option deal, allowing AngloGold Ashanti to exercise its option early to acquire the tenements.
AngloGold Ashanti retains a first right of refusal over the Fortitude North tenement until 21 September 2027. If a third party makes a bona fide offer, AngloGold Ashanti has the right to match it.
Matsa Resources is a mineral explorer and gold miner headquartered in Perth, Western Australia.
Write to Paula Fabe at Mining.com.au
Main image: Matsa Resources
