News and Announcements
Matsa Resources (ASX: MAT) agrees to sale of the Killaloe Project to Liontown Resources Limited
- Published August 21, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Matsa Resources Limited recently executed an agreement for the sale of the Killaloe Project to Liontown Resources Limited.
- With the sale of the Killaloe Project to Liontown, Matsa has more freedom to focus on its landholding within the Lake Carey project.
Matsa Resources Limited recently executed an agreement for the sale of the Killaloe Project to Liontown Resources Limited. As a result, Matsa will receive up to 20 million Liontown paid ordinary shares and a 1% royalty on minerals recovered.
Liontown must complete its legal due diligence within 2 weeks for the transaction to be settled properly. There also must be consent and approvals from the Minister, which are necessary for the transfer of tenements.
With the sale of the Killaloe Project to Liontown, Matsa has more freedom to focus on its landholding within the Lake Carey project. In addition, Matsa will retain exposure to Killaloe via its shareholding in Liontown.
If you’re interested in Matsa, click the register interest button below.
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.
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