ASX-listed Matsa Resources has executed a A$7-million agreement with fellow-listed diversified miner IGO subsidiary IGO Newsearch, whereby it can earn a 70% interest in Matsa’s Symons Hill nickel project over the next three years.
The project is based in the Fraser Range, in Western Australia, and is highly prospective for nickel and copper. The project is situated 6 km southwest of IGO’s Nova nickel operation.