Matsa Resources Finalises $1.19M Sale of Lake Rebecca Stake to Ramelius
Matsa Resources has completed the sale of its 20% interest in part of the Lake Rebecca Gold Project to Ramelius Resources, receiving the final payment and solidifying its strategic position.
- Final $200,000 payment received from Ramelius Resources
- Total proceeds of $1.192 million in cash and shares from partial sale
- Matsa retains 20% free carried interest in Lake Rebecca Gold Project
- Project adjoins Ramelius’ 1.4Moz Rebecca and 1.8Moz Roe Gold Projects
- Sale enhances Matsa’s liquidity and strategic focus
Completion of Partial Sale
Matsa Resources Limited has announced the receipt of the final $200,000 payment from Ramelius Resources, completing the partial sale of its 20% interest in a 1.35km2 portion of the Lake Rebecca Gold Project. This milestone concludes a transaction that began in early 2021, with total consideration amounting to $1.192 million in a combination of cash and Ramelius shares.
Strategic Retention and Project Context
Despite the partial divestment, Matsa retains a 20% free carried interest in the remaining parts of the Lake Rebecca Gold Project. This stake is strategically significant given the project’s proximity to Ramelius’ substantial gold assets, including the 1.4 million ounce Rebecca Gold Project and the nearby 1.8 million ounce Roe Gold Project. The adjacency to these major deposits underscores the potential upside for Matsa’s retained interest.
Financial and Market Implications
The completion of this sale provides Matsa with an immediate liquidity boost, reinforcing its balance sheet and potentially funding ongoing exploration or development activities. With a market capitalisation of approximately A$38.1 million and a share price of 5.2 cents as of mid-February 2025, this transaction may also enhance investor confidence by demonstrating Matsa’s ability to monetise assets while maintaining exposure to promising gold projects.
Looking Ahead
While the sale process is now complete, the future performance of Matsa’s retained interest in Lake Rebecca remains a key variable. The company’s ongoing exploration success and the broader gold market dynamics will be critical in determining the ultimate value realised from this asset. Meanwhile, the relationship with Ramelius as a partner on the project could open further collaborative opportunities.
Bottom Line?
Matsa’s completed sale sharpens its focus and finances, but the true test lies in unlocking value from its retained Lake Rebecca interest.
Questions in the middle?
- How will Matsa leverage the proceeds from this sale in its broader exploration strategy?
- What are the terms and potential triggers for Matsa’s free carried interest in the remaining Lake Rebecca project?
- Could further collaboration or asset sales with Ramelius be on the horizon?
