AustChina Holdings (ASX:AUH) Releases Quarterly Activities Report
Project Development
AustChina is reviewing investment options across several mineral resource-based projects, aiming to gain exposure to base and potentially precious metals.
Coal Projects
The mining study for the Blackall Coal Project was completed in the September quarter, identifying optimal mining locations and methods. AustChina is also exploring alternative technologies for coal value extraction, including low-carbon and microwave processing.
Corporate Investments
AustChina has invested in Revolver Resources Holdings Limited (ASX:RRR), which continues the development of its Dianne Copper Project and the exploration of the Osprey project. Revolver aims to commence copper production from the Dianne Copper Mine in the latter half of 2025.
Financial Performance
During the quarter, AustChina paid a total of $26,920 to directors and their associates for salaries, director fees, and superannuation.
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