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AustChina Holdings Limited ( (AU:AUH) ) has issued an announcement.
AustChina Holdings Limited has entered into a binding Heads of Agreement with First Au Ltd for an option to acquire the Eastern Victorian Goldfield Project in East Gippsland, Victoria. This project is rich in gold, base metals, and critical minerals, with previous drilling indicating high-grade gold deposits. The acquisition, if completed, would strategically enhance AustChina’s portfolio, complementing its existing assets and potentially strengthening its position in the mineral resources sector.
More about AustChina Holdings Limited
AustChina Holdings Limited is a company involved in the mineral resources industry, focusing on projects related to gold, base metals, and critical minerals. The company has existing assets such as the Sulphide Creek Gold-Antimony Project and the Mersey VMS Base Metals and Gold Project in Tasmania, as well as the Blackall Coal Project in Queensland.
Current Market Cap: A$6.05M
Find detailed analytics on AUH stock on TipRanks’ Stock Analysis page.