AUSTCHINA HOLDINGS LIMITED (ASX: AUH) has a strategy to build a platform for wider exposure to developing energy markets through targeted minerals and energy focussed investments.
AUSTCHINA’s current exposure in the resources and energy sectors include its Blackall Coal Project, investment interests in copper exploration and a holding in Energy from Organic Waste developer Utilitas Group Pty Ltd.
The Company has a JORC compliant inferred thermal coal resource of 1.3 Billion tonnes at its Blackall Coal Project in the Eromanga Basin which includes 30 million tonnes of indicated coal resource. Over 800 Mt of the overall 1.3 billion tonnes coal resource are estimated to be less than 50 metres depth.
On 28 September 2018 the Company acquired 5% of the issued capital of Sector Projects Pty Ltd (Sector), a Queensland exploration company.
Sector holds EPMs 18628, 18644, 18645, and 18647 together with EPMs 26419 and 26463 held in 100% owned subsidiary Sector Projects Australia Pty Ltd. The permits (collectively Project Osprey) are in North West Queensland with copper mineralisation being the primary target (see map below).
The Company has invested in the Energy from Organic Waste developer Utilitas, a company specialising in the design and delivery of process plants for both solid organic wastes and wastewater in the emerging biogas industry in Australasia.