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AustChina Holdings Limited (ASX:AUH)

ALERT: Price-sensitive ASX Announcement for AUH
Current share price for AUH : $0.002 0 (0%)+
Announcement
Release
27 Oct 2025 9:01AM
Price at Release
$0.002
Full Release
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Summary
AustChina Holdings Limited (ASX: AUH) has entered a binding Heads of Agreement (HOA) with First Au Ltd (FAU) for an exclusive 19-month option to acquire the Eastern Victorian Goldfield Project in Victoria. The project encompasses exploration opportunities for gold, base metals, rare earth elements (REE), and other critical minerals. AustChina will pay an option fee of $75,000 in cash and $150,000 in AUH shares, and upon exercising the option, will further pay $200,000 in cash and $500,000 in shares. The acquisition aims to strategically complement AustChina's existing projects in Tasmania and Queensland, enhancing their mineral resource portfolio. The HOA includes provisions for due diligence, capital raising, shareholder approvals, and FAU's right to appoint a non-executive director to AustChina's board if they hold a substantial shareholding at the time.
Key Points
  • AustChina enters binding HOA with First Au Ltd for acquiring Eastern Victorian Goldfield Project.
  • Option fee of $75,000 cash and $150,000 in shares, with 19 months exclusive option period.
  • Acquisition involves gold, base metals, REE, and critical minerals.
  • Exercise of option requires $200,000 cash and $500,000 in AUH shares.
  • Project complements existing projects in Tasmania and Queensland.
  • Conditions include due diligence, capital raising, and shareholder approvals.
  • FAU can nominate a non-executive director to AUH board if holding substantial shares.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.