Matsa Secures Final $1.65M Option Fee from AngloGold Ashanti

Final Instalment Marks Key Milestone in Lake Carey Option

Matsa Resources (ASX:MAT) has banked the third and final option fee instalment of A$1.65 million from AngloGold Ashanti Australia, a payment that keeps AngloGold’s option over the Lake Carey Gold Project alive until late this year. This latest instalment brings the total fees and reimbursements paid by AngloGold Ashanti to Matsa to A$9.5 million, reflecting steady progress in their $101 million option agreement struck in early 2025.

AngloGold’s Decision Deadline Looms

The clock is now ticking on AngloGold Ashanti to decide whether to exercise the option, with the deadline set for 20 December 2026. This decision will determine the future ownership and development trajectory of the Lake Carey tenements, a project that has attracted significant attention given its potential scale and resource upside.

While the agreement terms beyond the option fees remain confidential, the instalment payments so far suggest AngloGold is maintaining a serious interest in advancing the project. The option agreement includes reimbursement of tenement-related costs, which further offsets Matsa’s expenditure and strengthens its financial position.

Strategic Implications for Matsa

For Matsa, the steady inflow of option fees provides a valuable capital buffer as it continues exploration and development activities across its portfolio, including the ongoing drilling campaign at Fortitude North. The company’s recent operational momentum, including robust gold sales and production growth at the Devon Pit, complements this strategic partnership with a major gold producer.

AngloGold’s engagement through drilling programs on Matsa’s tenements earlier this year underscored the collaborative nature of the relationship and the potential to unlock significant value in the Lake Carey region. The final option fee payment is a tangible milestone in this evolving partnership.