Matsa Resources and AngloGold Ashanti Australia extend confidentially agreement
Matsa Resources (ASX:MAT) has entered a variation agreement to confidentially agreement with AngloGold Ashanti Australia to extend the existing agreement to July 31, 2024.
This extension includes a three-month exclusivity period to conduct due diligence on Matsa’s Lake Carey gold project in WA as well as discuss and negotiate a potential transaction with Matsa in respect to Lake Carey.
As well as conducting due diligence on Lake Carey, AngloGold will pay the costs of maintaining and dewatering the Red October gold mine by paying a lump sum of $500k within seven days.
In 2017, Matsa and AngloGold executed an ore purchase agreement regarding the ore from Matsa’s Fortitude mine and subsequently, the Red October and Red Dog gold mines.
Furthermore, a cooperative memorandum of understanding was executed in 2018 where technical assistance and support were shared with both Matsa and AngloGold.
Matsa will keep the market and shareholders updated as the agreement progresses.
 has entered a variation agreement to confidentially agreement with AngloGold Ashanti Australia to extend the existing agreement to July 31, 2024.){kind=link}