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AngloGold, Matsa sign MoU

Matsa Minerals’ (ASX:MAT) has signed a memorandum of understanding with AngloGold Ashanti (JSE:ANG) that should benefit its plans in the wider Lake Carey area of Western Australia’s goldfields.

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Matsa executive chairman Paul Poli

During trial mining at Matsa's Fortitude, tonnes and grade were lower than budgeted leading to production coming in at 9,522 ounces, around 80% of the target, while all-in costs were A$386 (US$285)