AuKing Mining

Investor Insight

AuKing Mining offers investors exposure to uranium, copper and critical minerals through a diversified international portfolio, highlighted by its proposed 100 percent owned Tasmanian tin acquisition, the 100% Mkuju uranium project, and the advanced Koongie Park copper-zinc JV project in Western Australia. The company is focused on progressing quality assets while pursuing new opportunities aligned with strong commodity demand.

Overview

AuKing Mining (ASX:AKN) is an exploration and development company with a portfolio of assets focused on uranium, copper and critical minerals across Australia (Koongie Park and Tasmania tin), Tanzania (Mkuju) and North America. The company aims to become a mid-tier producer through the acquisition and development of near-term production assets.

In February 2025, AuKing Mining entered into a strategic agreement with Gage Resources, an Australian subsidiary of Beijing-based Gage Capital Management. The agreement included a strategic equity investment and the sale of certain non-core prospecting licences in Tanzania, strengthening AuKing’s balance sheet and supporting ongoing exploration and development activities.

Company Highlights

• AuKing Mining is an exploration and development company with a portfolio of copper, uranium and critical minerals assets across Australia, Tanzania and North America.
• Strategic Acquisitions and Partnerships:
  • Signed an agreement to acquire a 100 percent interest in tin and silver exploration licence applications in Tasmania adjacent to the Renison Bell tin mine (subject to due diligence, licence grant and shareholder approval).
  • Entered a joint venture in February 2025 with ASX-listed Cobalt Blue Holdings (COB), whereby COB can earn up to a 75 percent interest in the Koongie Park project in Western Australia and continues to sole-fund project development activities.
  • Formed a strategic partnership with a large Beijing-based resources fund, Gage Capital, in February 2025.
• AuKing is led by an experienced management team executing the company’s strategies to increase shareholder value.

Key Projects

Koongie Park

The Halls Creek project, also known as the Koongie Park project, is located approximately 25 km southwest of Halls Creek in Western Australia’s Halls Creek Mobile Belt. The project hosts the Onedin, Sandiego and Emull deposits, containing copper, zinc, gold, silver and lead mineralisation.

Cobalt Blue Holdings continues to solely fund development activities under the February 2025 earn-in joint venture. In June 2025, Cobalt Blue released a scoping study outlining positive project economics on a 100 percent project basis, and work during the December 2025 quarter continued to advance the project.

Mkuju Uranium Project

Mkuju is situated immediately to the southeast of the world class Nyota uranium project that was the primary focus of exploration and development feasibility studies by then ASX-listed Mantra Resources (ASX:MRU). Not long after completion of feasibility studies for Nyota in early 2011, MRU announced a AU$1.16 billion takeover offer from the Russian group ARMZ. The takeover was finalised in mid-2011.

Mkuju remains AuKing’s primary focus of exploration activity in Tanzania. A detailed exploration drilling program has been approved by local authorities and is expected to commence when sufficient funding is available.

Tasmanian Tin Project

AuKing recently announced the proposed acquisition of certain licence interests that are prospective for tin, tungsten and silver. The licence areas are situated close to the world class Renison Bell tin mine.

Management Team

Peter Tighe – Non-executive Chairman

Peter Tighe started his career in the family-owned JH Leavy & Co business, which is one of the longest established fruit and vegetable wholesaling businesses in the Brisbane Markets at Rocklea. As the owner and managing director of JH Leavy & Co, Tighe expanded the company along with highly respected farms and packhouses that have been pleased to supply the company with top quality fruit and vegetables for wholesale/export for over 40 years. Tighe has been a director of Brisbane Markets Limited (BML) since 1999 and is currently the deputy chairman. BML is the owner of the Brisbane Markets site and is responsible for the ongoing management and development of its $400 million asset portfolio. As the proprietor of the site, BML has over 250 leases in place including selling floors, industrial warehousing, retail stores and commercial offices. BML acknowledges its role as an economic hub of Queensland, facilitating the trade of $1.5 billion worth of fresh produce annually, and supporting local and regional businesses of the horticulture industry.

Paul Williams – Managing Director

Paul Williams holds both Bachelor of Arts and Law Degrees from the University of Queensland and practised as a corporate and commercial lawyer with Brisbane legal firm HopgoodGanim Lawyers for 17 years. He ultimately became an equity partner of HopgoodGanim Lawyers before joining Eastern Corporation as their chief executive officer in August 2004. In mid-2006, Williams joined Mitsui Coal Holdings as general counsel, participating in the supervision of the coal mining interests and business development activities within the multinational Mitsui & Co group. Williams is well-known in the Brisbane investment community as well as in Sydney and Melbourne and brings to the AKN board a broad range of commercial and legal expertise – especially in the context of mining and exploration activities. He also has a strong focus on corporate governance and the importance of clear and open communication of corporate activity to the investment markets.

Lincoln Ho – Non-executive Director

Lincoln Ho brings over eight years of ASX-listed directorship experience, with a strong background in corporate strategy, mining exploration, and administration across both Australian and international jurisdictions. He has played a key role in guiding companies through transactions in local and overseas markets, working closely with corporate financiers in the emerging companies space. He is currently a non-executive director of Askari Metals and has previously served on the boards of Aldoro Resources, Redcastle Resources, and Red Mountain Mining.

Paul Marshall – Chief Financial Officer and Company Secretary

Paul Marshall is a chartered accountant with a Bachelor of Law degree, and a postgraduate Diploma in Accounting and Finance. He has 30 years of professional experience having worked for Ernst and Young for 10 years, and subsequently twenty years spent in commercial roles as company secretary and CFO for a number of listed and unlisted companies, mainly in the resources sector. Marshall has extensive experience in all aspects of company financial reporting, corporate regulatory and governance areas, business acquisition and disposal due diligence, capital raising and company listings and company secretarial responsibilities.