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AustChina Holdings Limited ( (AU:AUH) ) has issued an announcement.
AustChina Holdings Limited has been granted Exploration Licence EL6/2021 by the Tasmanian Government for the Mersey VMS and Gold Project in north-west Tasmania. This development allows the company to initiate its first phase of fieldwork, which includes geological mapping, sampling programs, and surveys to identify potential massive sulphide targets. The project is situated in a historically rich mining area, sharing geological similarities with notable deposits such as Hellyer and Rosebury, and is adjacent to active exploration sites like Flynn Gold’s Firetower Gold Project. This advancement is expected to enhance AustChina’s exploration activities and strengthen its position in the Tasmanian mining sector.
More about AustChina Holdings Limited
AustChina Holdings Limited is a company involved in the exploration and development of mineral resources, focusing on base metals and gold. The company has a particular interest in projects located in Tasmania, Australia, and has recently expanded its portfolio with the acquisition of Penwortham Exploration Pty Ltd, which includes the Mersey VMS and Sulphide Creek Gold-Antimony Projects.
Current Market Cap: A$3.03M
See more data about AUH stock on TipRanks’ Stock Analysis page.