Auking Mining Ltd · ASX:AKN
Auking Mining — Gold Coast Investment Showcase Conference (June 2022)
19 slides from Auking Mining's conference presentation, Jun 23, 2022
Slide 1: Advancing the Koongie Park Copper/Zinc project in north-eastern WA
For personal use only GOLD COAST INVESTMENT SHOWCASE CONFERENCE Advancing the Koongie Park Copper/Zinc project in north- eastern WA 23 JUNE 2022 1
Slide 2: Disclaimer
DISCLAIMER For personal use only 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
Slide 3: Koongie Park Project
KOONGIE PARK PROJECT Halls Creek Region Koongie Park For personal use only Auking Mining (ASX:AKN) is the majority (75%) owner of the Koongie Park Copper/Zinc Project in north-eastern Western Australia. Western Australia JORC Resource 2012 8.9Mt Perth Cu Zn Au Ag Pb 1.01% 3.67% 0.16g/t 32g/t 0.77% R
Slide 4: Halls Creek Region: A popular mining address
HALLS CREEK REGION Port of Wyndham A popular mining address Kununurra For personal use only Ord River Hydro Rydges Iron Ore Mine Lake Argyle Auking asset Argyle Diamond Mine Operating mine IGO’s Sentinel Prospect Prospect/Deposit Derby Savannah Nickel Mine Town IGO acreage Copernicus Nickel Mine 1 P
Slide 5: Koongie Park Project
Halls Creek KOONGIE PARK PROJECT 1 For personal use only Onedin Deposit Exploration campaigns since June 2021: • 30% upgrade of previous JORC 6.8Mt resource estimate. Almost the entire resource is now in the Indicated classification Sandiego Deposit • Potential discovery of significant cobalt minera
Slide 6: Drilling Results 2021 Program
KOONGIE PARK PROJECT DRILLING RESULTS 2021 PROGRAM For personal use only 6,500m drilling program (29 RC and diamond holes) in late 2021 returned outstanding copper, zinc, silver and other assays including: • (AOWB003) – 124m @ 1.03% Cu, 1.08% Zn, 1.59% Pb and 50g/t Ag from 8m • (AORD001) – 106m @ 0.
Slide 7: Regional high priority target areas
KOONGIE PARK PROJECT DRILLING RESULTS 2021 PROGRAM For personal use only Regional high priority target areas (16 in total) from Southern Geoscience Consultants survey. • Detailed summary of historic aerial and land-based geophysics identified high-priority target areas. • Target areas to be assessed
Slide 8: Sandiego: Testing downhole geophysics anomaly
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only SANDIEGO Testing downhole geophysics anomaly • Certain holes drilled by AKN last year were subject to a downhole geophysics survey in March 22 • A strong conductive source was discovered, offset to the north-east of existing
Slide 9: Sandiego: Test 700m target zone to north
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only SANDIEGO Test 700m target zone to north of known mineralisation. • Drill hole ASWB001 contained near-surface Cu grade mineralisation. • The Cu mineralisation displayed the now typical Sandiego geochemical association with el
Slide 10: Sandiego: Further assessment of cobalt mineralisation
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only SANDIEGO Further assessment of cobalt mineralisation • Significant zones of Co mineralisation across the Sandiego deposit – based on drilling last year and earlier results. • Co was not assayed in drilling programs prior to
Slide 11: Onedin: Testing downhole geophysics anomaly
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only ONEDIN Existing resource shell (+0.4%Cu) Testing downhole geophysics anomaly • Certain holes drilled by AKN last year were subject to a downhole geophysics survey in March 22. • A strong conductive source was discovered, off
Slide 12: Onedin: Test nearby geophysics anomaly
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only ONEDIN Test nearby geophysics anomaly. • Two clear magnetic anomalies have been identified along trend approx 500m south of the Onedin deposit. • These areas will be the subject of up to 16 RC drill holes to a total of 3200m
Slide 13: Emull Drilling
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only EMULL DRILLING Significant drilling program proposed for Emull prospect (E80/4957). • 10-12 holes up to max 250m depth. • Heritage access approval has been obtained and drilling will commence shortly. • Drilling is targeting
Slide 14: Onedin Metallurgy
KOONGIE PARK PROJECT 2022 EXPLORATION AND DEVELOPMENT For personal use only ONEDIN METALLURGY Onedin metallurgical testwork program • Parameters of the testwork program have been finalised – seeking to identify suitable processing solution for the near-surface oxide and transition ores at Onedin. •
Slide 15: Why Auking?
WHY AUKING? For personal use only Halls Creek Low market Location capitalisation for 9Mt resource Highly - Strong Prospective Copper-Zinc- 2022 Drilling + Cobalt Program marketability 15
Slide 16: Contact Details
For personal use only CONTACT DETAILS Auking Mining Ltd Level 22, 127 Creek Street, Brisbane QLD 4000 Office: +61 7 3535 1208 Paul Williams: +61 419 762 487 Email: p.williams@aukingmining.com www.aukingmining.com 16
Slide 17: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Dr Mark Elliott Shizhou Yin Shares on issue Non-Executive Chairman Non-Executive Director 102.5 million CAPITAL STRUCTURE 16 June 2022 Market Capitalisation Paul Williams Chief Executive Officer Ian Hodkinson Non-Executive Director $8.1 million 16 June 2022 C
Slide 18: Appendix: Koongie Park JORC Resources (Onedin)
APPENDIX 1 KOONGIE PARK JORC RESOURCES For personal use only ONEDIN MINERAL RESOURCE ESTIMATE & METAL TONNES CSA Global provided a full updated resource estimate of the Koongie Park resources (in accordance with the JORC 2012 reporting standards) and this was released to ASX on 7 April 2022. Set out
Slide 19: Appendix: Koongie Park JORC Resources (Sandiego)
APPENDIX 1 KOONGIE PARK JORC RESOURCES For personal use only SANDIEGO MINERAL RESOURCE ESTIMATE & METAL TONNES Tonnes Copper Zinc Gold Silver Lead Zone Classification Mt % % (g/t) g/t % Indicated 1.7 2.3 0.8 0.3 18.0 0.2 Cu Dominant RESOURCE Inferred 0.3 1.6 3.0 0.2 5.0 0.0 Subtotal 2.0 2.2 1.1 0.3
Auking Mining — Gold Coast Investment Showcase Conference (June 2022) on 6ix