AngloGold Pays A$5M Option Fee to Matsa in $101M Lake Carey Deal

Strategic Partnership Advances

Matsa Resources Limited has taken a significant step forward in its collaboration with AngloGold Ashanti Australia Limited by receiving a A$5 million option fee payment. This payment is part of the Tenements Option Agreement tied to the Lake Carey Gold Project, a venture that has attracted considerable attention since the $101 million deal was announced earlier this year in February 2025.

Financial Implications and Reimbursements

Beyond the upfront option fee, AngloGold Ashanti has committed to reimbursing Matsa for tenement-related costs incurred since June 18, 2024. This arrangement not only eases the financial burden on Matsa but also signals AngloGold’s serious intent to advance exploration and development activities at Lake Carey. The reimbursement terms, while not detailed in this announcement, are a crucial aspect of the partnership’s financial framework.

Market Context and Shareholder Impact

With 733.46 million shares on issue and a market capitalization of approximately A$47.67 million, Matsa’s receipt of this payment is likely to be viewed positively by investors. The company’s share price, recorded at 6.5 cents on June 24, 2025, may reflect growing confidence in the project’s potential and the strategic value of the AngloGold partnership. Notably, the top 20 shareholders hold a substantial 67.81% stake, indicating concentrated investor interest.

Looking Ahead

This milestone payment is a tangible sign of progress in what could be a transformative project for Matsa. As AngloGold Ashanti moves forward with its option rights, the mining community will be watching closely for operational updates, exploration results, and further financial developments. The Lake Carey Gold Project remains a focal point for both companies as they navigate the complexities of mineral exploration and development in Western Australia.