en.Wedoany.com Reported - Australia's Matsa Resources (ASX:MAT) has received a payment from AngloGold Ashanti, which has extended its option over the Lake Carey gold project to December.

AngloGold Ashanti Australia paid Matsa Resources the third and final option installment of $1.65 million under the previously signed Tenements Option Agreement for the Lake Carey gold project.

Under the agreement, this payment allows AngloGold Ashanti's option to continue, enabling it to make a final decision on whether to exercise the option by December 20, 2026.

Matsa has received a total of $9.5 million from AngloGold Ashanti through option installments and prior reimbursement of tenement-related costs.

The company now awaits AngloGold Ashanti's decision on whether to exercise the option by the December deadline.

AngloGold Ashanti's final decision will determine the ownership of the Lake Carey gold project, a significant asset in Matsa's portfolio.

Until AngloGold Ashanti makes its decision, Matsa Resources will continue to receive option fees and retain project ownership. The December deadline provides a clear timeline for the settlement arrangement.

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