AustChina Holdings Limited ( (AU:AUH) ) has provided an announcement.
AustChina Holdings Limited has successfully acquired Penwortham Exploration Pty Ltd, gaining 100% ownership of the Sulphide Creek Gold Antimony Project and the Mersey Volcanogenic Massive Sulphide Base Metals and Gold Project in Tasmania. This acquisition allows AustChina to expand into high-demand commodities such as gold, antimony, and copper, enhancing its portfolio with prospective exploration projects in a prolific mineral belt. The company has engaged a geological team with extensive Tasmanian experience and commenced exploration work at the Sulphide Creek project, targeting gold and antimony mineralization in a world-class mining jurisdiction.
More about AustChina Holdings Limited
AustChina Holdings Limited is a junior company focused on energy and mineral resources, with projects including the Blackall Coal Project in Queensland and investment interests in copper exploration.
Current Market Cap: A$2.75M
Learn more about AUH stock on TipRanks’ Stock Analysis page.