AustChina Drops Cassius Lithium Project Acquisition

Cassius Mining Ltd (AU:CMD) has released an update.

AustChina Holdings Limited has opted not to proceed with the acquisition of Cassius Mining’s Chenene Lithium Project after due diligence drilling results showed lithium presence was sparse and did not meet their criteria. The assay results were disappointing and further extension for due diligence was denied by the project vendors. The company will continue to explore other energy market opportunities, including their Blackall Coal Project.

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