Auking Mining Ltd · ASX:AKN
Auking Mining — Proactive Investors Webinar (February 2022)
21 slides from Auking Mining's conference presentation, Feb 8, 2022
Slide 1: Proactive Investors Webinar Presentation
AuKing Mining Limited (ASX:AKN) 8 FEBRUARY 2022 Exploration & Development PROACTIVE INVESTORS WEBINAR PRESENTATION
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by AuKing Mining Limited (AKN). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in AKN. This presentation has been
Slide 3: Six reasons to invest in AKN
Six reasons to invest in AKN • Koongie Park copper/zinc project is situated in a Tier 1 mining jurisdiction – Western Australia • AKN holds 75% of Koongie Park – a project with an existing resource estimate of 6.8Mt, based on previous drilling • 75M shares (and 17.5M options) on issue, Top 20 holder
Slide 4: Koongie Park | Project overview
Koongie Park | Project overview Koongie Park Cu/Zn project is situated in north-eastern WA, in the highly mineralised Halls Creek region Existing significant JORC 2012 resources of 6.8Mt @ 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag * * Refer Competent Persons Statement on Slide 2 and full resource on
Slide 5: Koongie Park | Tenures
Koongie Park | Tenures • Koongie Park comprises several mining, exploration and prospecting licences covering > 500sq km • Sandiego and Onedin deposits are within existing mining licences granted pre-Native Title Act AuKing Mining Limited (ASX:AKN) 5
Slide 6: What was achieved in 2021?
What was achieved in 2021? • Completed ASX listing in June 2021 • Established a fully functional office and core storage facility at Halls Creek in northern Western Australia • Employed a competent and experienced onsite workforce to oversee exploration activities • Completed the initial 29 drill ho
Slide 7: What was achieved in 2021 (cont.)?
What was achieved in 2021 (cont.)? • Discovered the existence of potentially significant cobalt, molybdenum and rare earths (REEs), not previously identified at Koongie Park • Gained a strong understanding of target areas of potential mineralization across the 500sq km Koongie Park tenure package •
Slide 8: Koongie Park | 2021 Completed drill holes
Koongie Park | 2021 Completed drill holes AuKing Mining Limited (ASX:AKN) 8
Slide 9: 2022 Exploration and Development Program
2022 Exploration and Development Program The work conducted in 2021 established the platform for a significant number of activities for the development of Koongie Park in 2022. These are summarized as follows: Sandiego (a) Test 700m target zone to north of known mineralization (b) Testing mineraliza
Slide 10: 2022 Exploration and Development - Sandiego
2022 Exploration and Development - Sandiego (a) Test 700m target zone to north of known mineralization • Drill hole ASWB001 contained near-surface Cu grade mineralization • The Cu mineralisation displayed the now typical Sandiego geochemical association with elevated Co and Ce/La/Y grades. • This al
Slide 11: 2022 Exploration and Development – Sandiego (cont.)
2022 Exploration and Development – Sandiego (cont.) (b) Testing mineralization at depth • All holes drilled by AKN intersected high grade Cu/Zn mineralization at depth • Eg: ASRD002 and ASRD003 intersected Cu/Zn between 340- 525m • Strong suggestion mineralization remains open at depth Refer ASX ann
Slide 12: 2022 Exploration and Development – Sandiego (cont.)
2022 Exploration and Development – Sandiego (cont.) (c) Downhole geophysics • Sandiego drill holes were cased with polypipe – enabling downhole geophysics tools to be used to test potential displaced mineralization within a ~ 100m radius of the drill hole • Potential to identify further significant
Slide 13: 2022 Exploration and Development – Onedin
2022 Exploration and Development – Onedin (a) Possible eastern extension of mineralisation • Some AKN holes continued to intersect high grade Cu/Zn mineralization beyond known eastern boundary • Eg: AORC001 from 150m • Further assessment and possible downhole geophysics to close off or expand this e
Slide 14: 2022 Exploration and Development – Onedin (cont.)
2022 Exploration and Development – Onedin (cont.) (b) Test other nearby anomalous zones • 3 clear magnetic anomalies have been identified near the Onedin deposit • These areas will be the focus of immediate geophysics and drilling, pending heritage surveys AuKing Mining Limited (ASX:AKN) 14
Slide 15: Onedin metallurgical testwork program
2022 Exploration and Development – Onedin Metallurgy Onedin metallurgical testwork program • Parameters of the testwork program have been finalized – seeking to identify suitable processing solution for the near-surface oxide and transition ores at Onedin • Awaiting final assays from diamond drillin
Slide 16: Koongie Park Resource Update
2022 Exploration and Development – Koongie Park Resource Update Koongie Park Resource Update • Existing JORC (2012) Koongie Park resource estimate of 6.8Mt @ 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag* • CSA Global has been engaged to prepare an update of this resource estimate based on greater inform
Slide 17: 2022 Exploration and Development – Emull Drilling
2022 Exploration and Development – Emull Drilling Significant drilling program proposed for Emull prospect (E80/4957) • 10-12 holes up to max 250m depth • Drilling subject to heritage access approval, scheduled for late February • Drilling is proposed to test previous drilling by Northern Star Resou
Slide 18: 2022 Exploration and Development (cont.)
2022 Exploration and Development (cont.) Regional Exploration • Detailed summary of historic aerial and land-based geophysics completed by Perth-based Southern Geoscience Consultants (SGC) • Series of high-priority target areas identified as a result (see next Slide) • Target areas to be assessed wi
Slide 19: 2022 Exploration and Development (cont.)
2022 Exploration and Development (cont.) Regional high priority target areas (16 in total) from SGC survey AuKing Mining Limited (ASX:AKN) 19
Slide 20: Contact Details
AuKing Mining Limited (ASX:AKN) CONTACT DETAILS Exploration & Development Auking Mining Ltd 320 Adelaide Street, Brisbane QLD 4000 Office: +61 7 3535 1208 Paul Williams: +61 419 762 487 Email: p.williams@aukingmining.com www.aukingmining.com
Slide 21: Appendix I | Koongie Park JORC Resources
Appendix I | Koongie Park JORC Resources CSA Global provided a full updated resource estimate of the Koongie Park resources (in accordance with the JORC 2012 reporting standards in AKN’s Prospectus dated 9 March 2021. Set out below is the full resource details: AuKing Mining Limited (ASX:AKN) 21
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