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An update from AustChina Holdings Limited ( (AU:AUH) ) is now available.
AustChina Holdings Limited has received a non-binding letter of intent from Bluestone Energy Holdings Limited to potentially invest up to $1.5 million in the company. This investment would support acquisitions, exploration, feasibility activities, and general business development. However, the agreement is not binding, and there is no certainty that the transaction will proceed, pending shareholder approval and further discussions.
More about AustChina Holdings Limited
AustChina Holdings Limited is a junior ASX-listed company focused on energy and mineral resources. The company aims to expand its presence in developing energy markets through strategic investments in minerals and energy. Its current projects include the Blackall Coal Project in Queensland, as well as gold, base metals, and copper interests in Tasmania.
Current Market Cap: A$4.54M
See more insights into AUH stock on TipRanks’ Stock Analysis page.