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AustChina Holdings Limited ( (AU:PXR) ) has shared an announcement.
Pacific Resources Limited has outlined an active December quarter, highlighted by the execution of a 19‑month option to acquire the Eastern Victorian Goldfields Project from First Au Ltd, giving it potential exposure to high-grade gold, base metals and critical minerals in Victoria’s East Gippsland region. The company is advancing next-phase fieldwork at its Sulphide Creek Gold-Antimony Project and launching initial exploration at the Mersey VMS Base Metals and Gold Project in Tasmania, while also completing a A$1.5 million capital raising and rebranding under the new name Pacific Resources Limited and ASX code PXR, moves that collectively strengthen its project pipeline and funding base as it seeks to build a more diversified resource portfolio.
The most recent analyst rating on (AU:PXR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on AustChina Holdings Limited stock, see the AU:PXR Stock Forecast page.
More about AustChina Holdings Limited
Pacific Resources Limited (ASX: PXR) is a junior energy and mineral resources company with a portfolio spanning coal and metals. Its assets include the Blackall Coal Project in Queensland, investment interests in copper exploration, and two 100%-owned projects in Tasmania: the Sulphide Creek Gold-Antimony Project and the Mersey VMS Base Metals and Gold Project. The company is expanding into high-grade gold, base metals and critical minerals through an option to acquire the Eastern Victorian Goldfields Project in Victoria.
Current Market Cap: A$7.2M
For an in-depth examination of PXR stock, go to TipRanks’ Overview page.