https://newsletter.en.creamermedia.com
Gold|PROJECT|Resources|Operations
Gold|PROJECT|Resources|Operations
gold|project|resources|operations

AngloGold clears FIRB hurdle in A$101m Lake Carey gold deal

Matsa's Red October camp with Lake Carey in the background.

Matsa's Red October camp with Lake Carey in the background.

10th April 2025

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Gold major AngloGold Ashanti has received approval from Australia’s Foreign Investment Review Board (FIRB) for its proposed acquisition of Matsa Resources’ Lake Carey project in Western Australia, marking a milestone in the A$101-million transaction.

The FIRB approval was a condition precedent to the deal, and with it now satisfied, AngloGold has cleared its final specific hurdle to proceed with the acquisition. 

Matsa, for its part, is progressing with the remaining conditions, including securing written waivers from all right-of-first-refusal holders over tenements included in the deal.

AngloGold entered into an option agreement with Matsa in February to acquire the majority of the Lake Carey project, which is located near its Sunrise Dam operations. The deal followed 12 months of negotiations and grants AngloGold an 18-month option period over the strategic gold asset.

Lake Carey has a global resource of 949 000 oz at 2.5 g/t and reserves of 104 000 oz at 2.4 g/t. Matsa will retain ownership of several key assets, including the Devon Pit, Fortitude North, and the Red October accommodation village.

 

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

UP showcases mining VR centre
UP showcases mining VR centre
16th April 2025

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:0.107 0.202s - 170pq - 2rq
Subscribe Now