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An update from AustChina Holdings Limited ( (AU:AUH) ) is now available.
AustChina Holdings Limited has completed the acquisition of Penwortham Exploration Pty Ltd, gaining full control over the Sulphide Creek Gold Antimony Project and the Mersey Volcanogenic Massive Sulphide Base Metals and Gold Project in Tasmania. This acquisition allows AustChina to diversify into high-demand commodities such as gold, antimony, and copper, enhancing its exploration portfolio in a prolific minerals belt. The company plans to initiate field work and drilling programs shortly, aiming to capitalize on these strategic assets.
More about AustChina Holdings Limited
AustChina Holdings (ASX: AUH) is a junior ASX-listed company focused on energy and mineral resources. It aims to expand its presence in developing energy markets through strategic investments in minerals and energy projects. The company’s current portfolio includes the Blackall Coal Project in Queensland, copper exploration interests, and a stake in Organic Waste developer Utilitas Group Pty Ltd.
Current Market Cap: A$2.42M
For an in-depth examination of AUH stock, go to TipRanks’ Stock Analysis page.