MATSA RESOURCES LIMITED (MAT)

The company lodges its notice of cessation of securities.

The company lodges its Quarterly Report for September 2026.

The company has proposed a Deed of Company Arrangement for its wholly owned subsidiaries, Matsa Gold Pty Ltd and Devon Gold Mining Pty Ltd, both under administration. Creditors will consider the Proposed DOCA at their second meetings on Friday, 6 November 2026. The administrators, Richard Tucker and Jared Palandri from KordaMentha, have provided a report recommending that creditors support the Proposed DOCA.

The company will be holding its Annual General Meeting at 9:30 am (WST) on Friday 27 November 2026 at Suite 11, 139 Newcastle Street Perth in Western Australia.

The company releases its annual report to shareholders.

The company announced the completion of its Revised Tenement Option Agreement with AngloGold Ashanti Australia Limited for specific tenements in the Lake Carey Gold Project. Matsa has received the final payment of $45 million from AngloGold Ashanti, totaling $70,125,000 including GST for the agreement. Additionally, AngloGold Ashanti retains a first right of refusal for the Fortitude North tenement for twelve months until 21 September 2027, allowing them to match any bona fide third-party offer for the property.

The company releases its full year statutory accounts, appendix 4G, and corporate governance statement.

The company has confirmed that all conditions have been finalized for the Tenement Option Agreement with AngloGold Ashanti. AngloGold Ashanti has opted to acquire specific tenements of Matsa's Lake Carey Gold Project. Settlement is set to occur within 15 business days, with Matsa expecting a final payment of $45 million, following an initial $10 million deposit received on 25 September.

The company and its subsidiary, Matsa Gold Pty Ltd, secured a $20 million loan facility from substantial shareholder Deutsche Balaton AG, totaling $37.5 million. An additional $4 million facility will refinance existing loans. Security documents will be amended to include this and specified assets. The board believes these terms are favorable and less dilutive than equity raising.

The company's 2026 Annual General Meeting is scheduled for about 27 November 2026; director nominations close on 16 October 2026.

Shareholders in this company should consider crystallising a capital loss in 2026/27 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The company has received a $10 million deposit from AngloGold Ashanti following their revised Tenement Option Agreement for specific tenements of Matsa's Lake Carey Gold Project. Ministerial consent has been obtained, fulfilling an essential condition, with additional conditions remaining. The remaining $45 million is due at completion, anticipated in 15 business days, contingent on a few third-party consents. Matsa will update shareholders through further ASX announcements regarding the final completion payment and the intended use of funds.

The company has early exercised a revised tenement option agreement with Matsa, fixing the exercise price at $55 million. Matsa will receive a $10 million deposit within three business days and the remaining $45 million upon completion, expected within 15 business days after fulfilling option conditions. The agreement replaces a variable price with a fixed amount. Matsa retains most of its Lake Carey Gold Project, while AngloGold has a one-year first right of refusal for the Fortitude North tenement.

Devon Gold Project faces operational suspension initiated by contractor Blue Cap Mining Pty Ltd due to alleged unpaid invoices and requests for accelerated payments, including a $6M initial working capital. Despite Matsa Gold Pty Ltd's payment of $22.8M for outstanding invoices, BCM claims further amounts owed, including potential profits from the Devon Mine, and has appointed KPMG as Receivers and Managers for Devon Gold Pty Ltd and associated assets. In response, Matsa has appointed KordaMentha as Administrators for the affected companies and will vigorously defend against BCM's claims. An operational review was initiated on August 21, 2026, prompted by a performance evaluation against the February 2025 feasibility study. Efforts include confirming the geological model and improving production techniques. To settle BCM's invoices, Matsa has expanded its loan facility with Deutsche Balaton Aktiengesellschaft from $17.5m to $37.5m, while extending its repayment date to June 30, 2027, and has secured a new $4M loan facility with DBA.

The company requested a suspension of its securities pending an announcement on the Devon Pit Gold Project operations and a funding proposal. The voluntary suspension was granted until 31 August 2026 and extended to 2 September 2026. As of 2 September 2026, MAT cannot release an announcement to reinstate its securities, which will remain suspended under Listing Rule 17.3 until ASX confirms MAT's compliance with Listing Rules, including Rule 3.1.

The company requests an extension of its voluntary suspension effective immediately, prior to trading on 31 August 2026, as per Listing Rule 17.2. The extension aims to finalize an announcement on the Devon Pit Gold Project and a funding proposal, remaining in effect until normal trading resumes on 2 September 2026 or the announcement is released. The Company knows of no reasons against granting the suspension and has no additional relevant information for the market.

The company's securities will be suspended from quotation under Listing Rule 17.2 at MAT's request, pending an announcement. They will remain suspended until MAT's requested period ends or the announcement is released, unless ASX decides otherwise.

The suspension of trading in the securities of Matsa Resources Limited will be lifted immediately following the release by MAT of an announcement regarding a material transaction involving the disposal of a project.

The company has executed a Tenement Option Agreement with AngloGold Ashanti Australia Ltd, allowing AngloGold Ashanti to acquire the majority of Matsa's Lake Carey Gold Project for A$101M. Matsa retains the Devon Pit Gold Mine, Fortitude North project, and Red October Village, while AngloGold Ashanti has the option to acquire the majority for A$101M.

The company lodges its application for quotation of securities.

The securities of Matsa Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MAT, pending the release of an announcement regarding a material transaction involving the disposal of a project.

The suspension of trading in the securities of Matsa Resources Limited will be lifted immediately following the release by MAT of an announcement regarding a material corporate divestment.

Matsa has executed a binding agreement to sell the Red October and Devon gold projects to Linden Gold Pty Ltd for a consideration of $20M. The consideration consists of a mix of cash and shares in LGL totalling $15M and a deferred payment of $5M. Matsa will be a substantial shareholder of the listed company upon completion, which will contain an existing operating mine and exploration ground already held by LGL as well as the sale assets which are contiguous. The transaction allows Matsa to continue building on itssignificant gold resource base at Lake Carey Gold Project, including the Fortitude Gold Mine where the recent scoping study identified an operating cash surplus of $95M, and define new resources elsewhere including Fortitude North. The sale monetises a portion of the Lake Carey Gold Project and demonstrates the potential value of Matsa's retained exploration assets. Dependent on the final quantum of LGL shares to be issued, Matsa will hold a substantial indirect interest in not only the Red October and Devon gold projects, via its interest in LGL, expected to be a newly listed company, but also the purchaser's existing mining and exploration operations. Matsa retains the 72 room village currently at Red October and its associated infrastructure.

The securities of Matsa Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MAT, pending the release of an announcement regarding a material corporate divestment.

name changed from Kalgoorlie-Boulder Resources Ltd