Cassius Mining's Due Diligence Update on Chenene Lithium Sale

Cassius Mining Limited (ASX: $CMD) has provided an update on the Due Diligence work by AustChina Holdings Limited (ASX: $AUH) under the Share Sale agreement at the Company's Lithium project in Tanzania. The Due Diligence work involves coring at the Dulu 1 pegmatite targeting multiple high priority Lithium targets, with the initial hole intercepting shallow pegmatite from 6m to 14.45m with visible Spodumene noted. AustChina expects drill results once SGS South Africa completes laboratory analysis.

Executive Commentary on Chenene Lithium Sale

The Due Diligence work by AustChina Holdings Limited is progressing well, and we are pleased with the visible Spodumene observed in the initial hole at the Dulu 1 pegmatite. This development marks an important step in the evaluation process, and we look forward to the drill results following the laboratory analysis by SGS South Africa.

Summary of Chenene Lithium Sale Update

Cassius Mining Limited (ASX: $CMD) has provided an update on the Due Diligence work by AustChina Holdings Limited (ASX: $AUH) under the Share Sale agreement at the Company's Lithium project in Tanzania. The Due Diligence work involves coring at the Dulu 1 pegmatite targeting multiple high priority Lithium targets, with the initial hole intercepting shallow pegmatite from 6m to 14.45m with visible Spodumene noted. AustChina expects drill results once SGS South Africa completes laboratory analysis. The Share Sale Agreement with AustChina is to sell 100% of the issued capital of its subsidiary Cassius Mining (T) Limited, the holder of the licenses. The agreement includes various milestone benefits based on the outcomes of the Due Diligence work, demonstrating the potential value of the transaction for Cassius Mining Limited. The Chenene Lithium Project in Tanzania has shown promising assay results, and the Company remains optimistic about the future prospects of the project.