News and Announcements
Matsa Resources (ASX: MAT) Signs MoU with AngloGold Ashanti
- Published June 20, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Matsa and AngloGold Ashanti sign MoU to work together openly, fairly and in a mutually beneficial way.
- MoU covers Matsa’s Lake Carey and Red October gold projects and AGAA’s Lake Carey and Sunrise Dam.
- Access will strengthen and increase the ability of Matsa to grow its gold ore resources.
Matsa Resources Limited has signed a Memorandum of Understanding (MoU) with AngloGold Ashanti Australia Limited (AGAA). Matsa became a gold producer following its acquisition and development of the Fortitude Gold Mine in Western Australia. AGAA is one of the highest production rates for a gold mining company in the world. The non-binding MoU is set to benefit Matsa’s gold mining exploration activities greatly and is the outcome of an excellent working relationship between Matsa and AGAA over the past two years.
The MoU covers an extensive area including Matsa’s Lake Carey and Red October gold projects and AGAA’s Lake Carey and Sunrise Dam operations in the Lake Carey district. This access will strengthen and increase the ability of Matsa to grow its gold ore resources which in turn may assist AGAA to gain additional ore feed for the Sunrise Dam treatment plant. The MoU states that AGAA will receive the First option and endeavour to treat all gold ore produced within the areas listed under the MoU. Additionally, the companies with share infrastructure and will have appropriate technical information sharing in place.
About Matsa Resources Limited (ASX: MAT)
Matsa is an ASX listed explorer/developer who has become a gold producer following the acquisition and development of the Fortitude gold mine. Fortitude forms part of the Lake Carey gold project south of Laverton. Matsa has a pipeline of quality projects within Australia and central Thailand. Matsa has recently acquired the Red October Gold mine near Lake Carey which boosts the mining potential within the area.
Company Updates
Forget Startups: Why Magnetic Alliance is Betting on “Boring” Mid-Market Turnarounds
While Australia’s venture capital scene spent years chasing unprofitable tech startups and speculative high-growth plays, Mark Lim was quietly taking a radically different path. The Managing Partner of Magnetic Alliance Capital sees the nation’s richest investment opportunities hiding in plain sight: inside thousands of unglamorous, profitable, but operationally sluggish mid-market businesses. Speaking on Wholesale Investor’s […]
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Backed By Leading Investment Groups and Family Offices
