https://www.miningweekly.com
Dewatering|Gold|PROJECT|Resources|Road|Maintenance
Dewatering|Gold|PROJECT|Resources|Road|Maintenance
dewatering|gold|project|resources|road|maintenance

Matsa in talks with AngloGold Ashanti

31st July 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Matsa Resources on Monday revealed that it has entered into negotiations with gold miner AngloGold Ashanti Australia over the Lake Carey gold project, in Western Australia.

The company told shareholders that an existing confidentiality agreement has been extended until the end of July 2024, and included a three-month exclusivity period to conduct due diligence and to discuss and negotiate a potential transaction over Lake Carey.

AngloGold Ashanti has agreed to pay the maintenance and dewatering cost of the Red October gold mine by paying a lump sum of A$500 000 within seven days.

Lake Carey is estimated to host a mineral resource of 936 000 oz, located within the Red October, Devon and Fortitude deposits. AngloGold Ashanti’s Sunrise Dam processing plant is 35 km from the Fortitude deposit and is connected via an existing haul road owned by Matsa.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.74 0.845s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: