Australia's Matsa Resources gains on regulatory approval for gold project sale

Matsa Resources

10/04/2025 03:25

** Shares of Australian gold miner Matsa Resources MAT.AX rise as much as 5.5% to A$0.058, its highest level since April 3

** Stock set for its second consecutive session of gains, if trend holds

** Co says South Africa-based AngloGold Ashanti has received regulatory approval to acquire Matsa's Lake Carey Gold project

** Matsa, on February 27 said it gave AngloGold Ashanti an option to acquire the majority of the Lake Carey Gold project for A$101 million ($61.89 million)

** Stock has risen 57.1% this year, as of last close

($1 = 1.6319 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))