Matsa Resources Limited ( (AU:MAT) ) has provided an update.
Matsa Resources Limited has entered into a significant agreement with AngloGold Ashanti, allowing the latter to acquire the majority of the Lake Carey Gold Project for A$101 million. This transaction enables Matsa to concentrate on its other projects, potentially enhancing its market position and providing clarity on the company’s value to shareholders.
More about Matsa Resources Limited
Matsa Resources Limited is a mining company focused on gold exploration and production. The company operates primarily in Western Australia and retains interests in projects such as the Devon Pit Gold Mine and Fortitude North, emphasizing exploration potential and near-term production.
YTD Price Performance: 70.0%
Average Trading Volume: 24,551
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.41M
For a thorough assessment of MAT stock, go to TipRanks’ Stock Analysis page.