Matsa Resources (ASX:MAT) received early AU$1.5 million as an option fee payment from AngloGold Ashanti Australia per the terms of their tenements option agreement, according to a Tuesday Australian bourse filing.

The option fee payment due on Dec. 20 is part of the company's agreement with AngloGold in which AngloGold has the option to acquire the majority of the Lake Carey gold project in Western Australia.

The next payment to the company by AngloGold is due June 20, 2026, the filing said.

Shares of the company rose 4% in recent Tuesday trade.