AustChina (ASX:AUH) launches maiden drill program at Chenene Lithium Project

AustChina Holdings commenced its debut drill program at the Chenene Lithium Project in Tanzania, slated to begin within seven to ten days.

The company has enlisted a drilling contractor and is finalising negotiations with a South African geological firm to oversee on-site operations.

Four exploration targets have been identified, supported by rock chip assays indicating up to 1.08% Li2O. Initial drilling will encompass eight holes, with potential for expansion.

The initiative forms part of AustChina's due diligence in acquiring four licenses from Cassius Mining (ASX:CMD). Drill results are anticipated within a 60-day examination period.