Matsa Resources (ASX:MAT) has executed a Memorandum of Understanding (MOU) with AngloGold Ashanti Australia (ASX:AGG) to benefit Matsa’s gold mining and exploration activities throughout the extensive Lake Carey gold project which includes the Fortitude, Red Dog and Red October gold mines.
AngloGold is to receive first option, and endeavour to treat all gold ore produced by Matsa within the MOU area subject to ore complying with technical requirements
Both parties to enter a separate technical data sharing agreement under which exploration and other technical information is to be shared and discussed.
And they will share infrastructure including airport, roads, medical and other facilities where mutually beneficial
Shares in AngloGold Ashanti Australia (ASX:AGG) last traded at $2.23 yesterday.