Slide 1: Noosa Mining Conference Presentation (ASX Release)
Auking Mining Limited ASX:AKN Suite 34, Level 10 ABN 29 070 859 522 320 Adelaide Street Phone 07 3535 1208 Brisbane Queensland 4000 www.aukingmining.com 23 July 2025 ASX RELEASE Noosa Mining Conference Presentation AuKing Mining Limited (ASX: AKN, AuKing) is pleased to confirm that its Managing Dire
Slide 2: Cloncurry Gold Project
For personal use only AUKING MINING LIMITED (ASX:AKN) CLONCURRY GOLD PROJECT A processing plant, several permitted mining leases and a strong gold price outlook Noosa Mining Conference, 23 July 2025 PRIVATE AND CONFIDENTIAL 1
Slide 3: Disclaimer
DISCLAIMER The information contained in this presentation has been prepared by this presentation or for any errors, omissions or misstatements or for For personal use only AuKing Mining Limited (AKN). This presentation is not an offer, any loss, howsoever arising, from the use of this presentation.
Slide 4: Myoff Creek, British Columbia, Canada (Niobium/Rare Earths)
MYOFF CREEK, BRITISH COLUMBIA, CANADA – (NIOBIUM/RARE EARTHS) In July 2024, AuKing announced that it had completed the acquisition of a 100% interest in the Myoff Creek project which comprises eight mineral claims in south-eastern British Columbia. Highlights of the project include the following: Fo
Slide 5: Investment Overview – Cloncurry Gold Project
INVESTMENT OVERVIEW – CLONCURRY GOLD PROJECT For personal use only Existing Historical Record Putting the Substantial processing plant gold mining high gold old operating future and permitted region price team back expansion mining leases together upside PRIVATE AND CONFIDENTIAL 4 NOOSA MINING CONFE
Slide 6: The Opportunity – Short Runway to Reserves and Cashflow
THE OPPORTUNITY – SHORT RUNWAY TO RESERVES AND CASHFLOW • Orion Resources (“Orion”) has contracted to acquire a portfolio of 20 mining tenements and the fully permitted For personal use only Lorena processing plant near Cloncurry, north-western Queensland. • AUD$12M acquisition price of direct tenem
Slide 7: Cloncurry Portfolio
CLONCURRY PORTFOLIO • A mine-ready project with potential to deliver significant free cashflow for 3 years from the first stage of operations restart, based on consultant For personal use only scoping review (Mt Freda/Golden Mile). • Previously owned by Tombola Gold Limited (now in Receivership). •
Slide 8: AuKing Earn-In Agreement Summary
AUKING EARN-IN AGREEMENT SUMMARY Orion has entered into an agreement with ASX-listed AuKing Mining Limited to provide for the following: For personal use only AKN has the right to incur up to $5M on project related expenditure in order to earn a 50% shareholding interest in Orion. The AKN earn-in mu
Slide 9: Additional Resource/Reserve Upside – Mt Freda Region
ADDITIONAL RESOURCE/RESERVE UPSIDE – MT FREDA REGION For personal use only PRIVATE AND CONFIDENTIAL 8 NOOSA MINING CONFERENCE | JULY 2025 8
Slide 10: Additional Resource/Reserve Upside – Mt Freda
ADDITIONAL RESOURCE/RESERVE UPSIDE – MT FREDA • Mt Freda has an existing publicly- reported JORC 2012 resource For personal use only (indicated and inferred). • Significant potential to expand existing Mt Freda resource as it remains open in along strike and at depth. • Proposed further drilling at
Slide 11: Additional Resource/Reserve Upside – Golden Mile
ADDITIONAL RESOURCE/RESERVE UPSIDE – GOLDEN MILE For personal use only PRIVATE AND CONFIDENTIAL 10 NOOSA MINING CONFERENCE | JULY 2025 10
Slide 12: Major Growth Potential – Mt Scheelite Prospect
MAJOR GROWTH POTENTIAL – MT SCHEELITE PROSPECT Orion has identified a number of areas of strong future potential sources of nearby ore feed for the Lorena processing plant, For personal use only based on previous exploration results. The first prospect is Mt Scheelite, which is situated about 600m w
Slide 13: Early Cashflow Potential – Tick Hill Tailings
EARLY CASHFLOW POTENTIAL – TICK HILL TAILINGS • 50/50 JV with current owner of Tick Hill gold mine, south of Mt Isa to process existing tailings and waste rock stockpiles. For personal use only • Tick Hill was one of Australia’s richest gold deposits, with total production of 665k oz @ 25g/t (534k o
Slide 14: What Are the Next Steps?
WHAT ARE THE NEXT STEPS? For personal use only AKN will assist Orion to complete its funding requirements for the Cloncurry Gold acquisition, due August 2025. AKN proposes to undertake a significant capital raising – to provide funding to complete the Cloncurry Gold acquisition and additional workin
Slide 15: Board and Management
BOARD AND MANAGEMENT For personal use only Mr Peter Tighe Mr Mark Fisher Dr Kylie Prendergast Mr Nick Harding Mr Lincoln Ho Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Well-known Brisbane B.Sc. (Geological Engineering) PhD (Econo
Slide 16: Corporate Overview
CORPORATE OVERVIEW For personal use only Our share price has grown steadily since the start of the year Shareholders Overview 23% • 688M shares on issue Board and Substantial Shareholders • 251M options on issue Balance of Top 20 Holders • Market Capitalisation - $4.12M (21 July 2025) 49% Remaining
Slide 17: Appendices
For personal use only APPENDICES PRIVATE AND CONFIDENTIAL 16
Slide 18: Five-Year Gold Price Chart
FIVE-YEAR GOLD PRICE CHART For personal use only PRIVATE AND CONFIDENTIAL 17 NOOSA MINING CONFERENCE | JULY 2025 17
Slide 19: Koongie Park, Western Australia (Copper/Zinc)
KOONGIE PARK, WESTERN AUSTRALIA (COPPER/ZINC) Joint Venture with ASX-listed Cobalt Blue Holdings (COB) on a 51% (COB)/49% (AKN) basis. COB has issued results of a Scoping For personal use only Study*. Key findings of the COB Scoping Study include: • 10.5yr mine life • A$70M initial Capex • Onedin de
Slide 20: Mkuju, Tanzania (Uranium)
MKUJU, TANZANIA (URANIUM) Situated in southern Tanzania, near the world class Nyota deposit (152Mlbs U3O8), Mkuju is a 780sq km portfolio of highly prospective uranium licences, held 100% by AKN’s For personal use only Tanzanian subsidiary, 92U Tanzania Ltd. Nyota was acquired by Uranium One in 2011
Slide 21: Contact Details
For personal use only CONTACT DETAILS Auking Mining Ltd Level 10, 320 Adelaide Street, Brisbane QLD 4000 Office: +61 7 3535 1208 Paul Williams, Managing Director Mobile: +61 419 762 487 Email: p.williams@aukingmining.com www.aukingmining.com PRIVATE AND CONFIDENTIAL 20