Auking Mining Ltd · ASX:AKN
Auking Mining — Noosa Mining Conference 2021
21 slides from Auking Mining's conference presentation, Nov 10, 2021
Slide 1: Investor Presentation | Noosa Mining Conference, 10-12 November 2021
For personal use only AuKing Mining Limited (ASX:AKN) I N V E S T O R P R E S E N TAT I O N | N O O S A M I N I N G CONFERENCE, 10-12 NOVEMBER 2021 Exploration & Development DEVELOPING THE KOONGIE PARK COPPER/ZINC PROJECT, WA
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 For personal use only recommendation with respect to the subscription for, purchase or sale of any securities in AKN. This
Slide 3: Why Invest in AKN?
Why Invest in AKN? For personal use only • Koongie Park sits in a Tier 1 mining location (WA) with access to advanced copper and zinc deposits • Existing JORC 2012 resource estimate of 6.8Mt @ 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag* • Significant intersections of Cu, Zn, Ag, Co and Mo from initial
Slide 4: Corporate snapshot
Corporate snapshot Capital Structure Board and management For personal use only ASX Code AKN Paul Williams Chief Executive Officer Market Cap $12M Dr Mark Elliott Independent Chairman ($0.20/share) Ian Hodkinson Non-Executive Director Shares on issue 60,289,651 Peter Tighe Non-Executive Director Opt
Slide 5: Project overview
Koongie Park | Project overview For personal use only 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 * Drill targets already identified - significant
Slide 6: Tenures
Koongie Park | Tenures For personal use only • Koongie Park comprises several mining, exploration and prospecting licences covering > 500km2 • Sandiego and Onedin deposits are within existing mining licences granted pre-Native Title Act • Existing Nicolsons gold mining operation (Pantoro) is situate
Slide 7: Development strategy
Koongie Park | Development strategy For personal use only Drill to expand existing JORC 2012 mineral resources at Sandiego and A clear Onedin down plunge and along strike development strategy has been prepared for the Regional exploration program using electromagnetic and magnetic exploration of geo
Slide 8: Initial drill program
Koongie Park | Initial drill program For personal use only Drilling program summary: Drilling program is intended to: • 7,500m drilling program at • Infill drilling around previous Koongie Park that commenced in holes to improve early August 2021 interpretation and reliability of • Drilling at both
Slide 9: Initial drill program - Sandiego
Koongie Park | Initial drill program - Sandiego For personal use only Emull AuKing Mining Limited (ASX:AKN) 9
Slide 10: Initial drilling results - Onedin
Koongie Park | Initial drilling results - Onedin For personal use only AuKing Mining Limited (ASX:AKN) 10
Slide 11: Initial drilling results - Sandiego
Koongie Park | Initial drilling results - Sandiego For personal use only Deep Cu/Zn intersections (between 340m-525m) AuKing Mining Limited (ASX:AKN) 11
Slide 12: Drilling Program | Key Initial Results
Koongie Park Drilling Progam | Key Initial Results For personal use only • Substantial continuously-mineralised intersections of many holes at Onedin; • Highlight drill hole AOWB03 – 124m @ 1.03% Cu, 1.08% Zn, 1.54% Pb, and 50g/t Ag from 8m; • Wide intervals of high grades of copper and zinc at deep
Slide 13: Significant cobalt intersections
Koongie Park | Significant cobalt intersections Significant intersections of cobalt have been For personal use only identified from previous drilling at Sandiego including: SRCD064 14.52m @7.37% Cu, 0.8g/t Au and 0.33% Co from 393m including 9.6m @ 9.7% Cu, 1.1g/t Au and 0.49% Co SRC061 17m @ 3.42%
Slide 14: Rare earths discovery
Koongie Park | Rare earths discovery For personal use only Initial drilling has confirmed the presence of Ce+La+Nd+Pr at Sandiego Further sampling and analytical work by AKN to determine extent of REEs Already a number of REE projects in the Halls Creek region AuKing Mining Limited (ASX:AKN) 14
Slide 15: Regional exploration
Koongie Park | Regional exploration For personal use only Under-explored at depth and highly prospective for further VMS base mineralisation due to: • Favourable geological setting • Abundant mineralisation at numerous locations throughout a specific stratigraphic sequence • Known presence of at lea
Slide 16: Metallurgy
Koongie Park | Metallurgy For personal use only Previous feasibility studies have established the Sandiego ores can be processed to produce commercial grade concentrates. However, Onedin has not been included in any feasibility assessment due to an inability to identify a suitable processing solutio
Slide 17: Contact details
For personal use only AuKing Mining Limited (ASX:AKN) CONTACT DETAILS Exploration Direct & 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 18: Appendix I | Board and management
Appendix I | Board and management DR MARK ELLIOTT For personal use only Independent Chairman Dr Elliott is a Chartered Professional (CP) geologist with over 45 years’ experience in economic geology, exploration, mining, project development and in corporate management roles as chairman and managing d
Slide 19: Appendix II | Copper and Zinc outlook
Appendix II | Copper and Zinc outlook Copper Zinc For personal use only Price has risen to 10-year highs in recent months, exceeding Accelerating demand for zinc via major infrastructure stimulus US$10,000/t, in recent weeks post-Covid • Improved manufacturing activity in the US, China and EU has •
Slide 20: Appendix III | Koongie Park JORC Resources
Appendix III | Koongie Park JORC Resources For personal use only 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
Slide 21: Appendix IV | Koongie Park Earn-in terms
Appendix IV | Koongie Park Earn-in terms For personal use only AKN has entered into an agreement with ASX-listed Anglo Australian Resources NL (AAR) where AKN can acquire up to a 75% interest in Koongie Park by incurring the following expenditures: • An initial $1M* to secure an initial 25% JV inter