InvestSMART

Matsa Resources Limited (ASX:MAT)

ALERT: Price-sensitive ASX Announcement for MAT
Current share price for MAT : $0.061 -0.064 (-51.20%)+
Announcement
Release
4 Feb 2026 9:28AM
Price at Release
$0.125
Full Release
download
Summary
Matsa Resources Limited has announced that AngloGold Ashanti Australia Limited has commenced exploration drilling on Matsa’s Lake Carey tenement as part of the Tenement Option Agreement. This drilling program comprises a combination of reverse circulation (RC) and diamond drilling, extending from AngloGold's adjoining tenement into Matsa’s tenements. The initiation of this drilling is seen as a confirmation of AngloGold’s interest in Matsa’s assets, and results from these initial drill holes are eagerly awaited. The collaboration seeks to ensure a smooth exploration process, with expectations set for AngloGold’s 2026 activities to be guided by these findings.
Key Points
  • AngloGold Ashanti commences drilling on Matsa's Lake Carey tenement.
  • The drilling program includes both RC and diamond drilling.
  • This marks an extension of AngloGold's 2025 drilling activities.
  • The initiation signals AngloGold's interest in Matsa's assets.
  • Results from the initial drill holes are highly anticipated.
  • Matsa aims to support AngloGold's exploration activities for 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.