Matsa Resources (ASX:MAT) received a AU$10 million deposit from AngloGold Ashanti Australia under a revised tenement option agreement, under which AngloGold Ashanti exercised its option early to acquire specific tenements of Matsa's Lake Carey Gold Project in Western Australia, according to a Friday Australian bourse filing.

The company said ministerial consent has been received, satisfying a significant condition precedent, with further conditions now to be met.

The balance of AU$45 million is payable at completion, scheduled for 15 business days following satisfaction of the final completion conditions, which include obtaining a limited number of third-party consents, including the assignment of contractual access rights linked to the sale assets, the filing added.