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The latest announcement is out from AustChina Holdings Limited ( (AU:AUH) ).
AustChina Holdings Limited has successfully completed due diligence for the acquisition of Penwortham Exploration Pty Ltd, which holds significant exploration assets in north-west Tasmania. The acquisition includes the Sulphide Creek Gold Antimony Project and the Mersey Volcanogenic Massive Sulphide Base Metals and Gold Project. AustChina plans to initiate targeted exploration at Sulphide Creek, with the aim of starting drilling programs within six months, potentially enhancing its position in the mineral exploration industry.
More about AustChina Holdings Limited
AustChina Holdings Limited is involved in the exploration and development of mineral resources, focusing on gold, antimony, and base metals, including copper, in active tier-1 mineral districts.
Current Market Cap: A$2.42M
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