AustChina Holdings Limited (AU:AUH) has released an update.
Cassius Mining Limited has commenced due diligence coring at its Tanzanian lithium project, targeting high-priority lithium pegmatites. AustChina Holdings Limited is conducting the coring as part of a Share Sale Agreement to acquire Cassius Mining’s subsidiary and the holder of the exploration licenses. The initial drilling has revealed a shallow pegmatite from 6m depth, with laboratory analysis by SGS South Africa pending.
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