AustChina Holdings Limited (AU:AUH) has released an update.
AustChina Holdings Limited, amid endeavors to diversify its asset portfolio, has secured an exclusive option to acquire the Chenene Lithium Project in Tanzania, with promising assay results of 1.08% Li2O in one of the exploration targets. The company plans to commence drilling operations at the site to further investigate high-priority targets. Concurrently, the company nearly doubled the indicated resources of its Blackall Coal project and is exploring low-carbon extraction technologies.
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