AustChina Holdings Limited (AU:AUH) has released an update.
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AustChina Holdings Limited, amid endeavors to diversify its asset portfolio, has secured an exclusive option to acquire the Chenene Lithium Project in Tanzania, with promising assay results of 1.08% Li2O in one of the exploration targets. The company plans to commence drilling operations at the site to further investigate high-priority targets. Concurrently, the company nearly doubled the indicated resources of its Blackall Coal project and is exploring low-carbon extraction technologies.
For further insights into AU:AUH stock, check out TipRanks’ Stock Analysis page.
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