Slide 1: New World Metals Investment Series Presentation
For personal use only NEW WORLD METALS INVESTMENT SERIES PRESENTATION A growing Critical Minerals resource in Western Australia’s Halls Creek region. 20 SEPTEMBER 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 Koongie Park Halls Creek Region For personal use only Auking Mining (ASX:AKN) is the majority (80%) owner of the Koongie Park Copper/Zinc Project Western Australia in north-eastern Western Australia. Total JORC Resource 2012 Onedin Deposit Perth Sandiego Deposit 8.9Mt 4.8Mt 4.1M
Slide 4: Halls Creek Region
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 or recent mining IGO’s Sentinel Prospect Prospect/Deposit Derby Savannah Nickel Mine Town IGO acreage Copernicus Nic
Slide 5: 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 @ 0.53% Cu,
Slide 6: Sandiego Deposit Prospective for Cobalt
KOONGIE PARK PROJECT SANDIEGO DEPOSIT PROSPECTIVE FOR COBALT For personal use only Further assessment of cobalt mineralisation. • Significant zones of cobalt mineralisation across the Sandiego deposit – based on drilling last year and historic results. Highlighted by drillhole SRCD0064 – 14.5m@ 0.34
Slide 7: 2022 Drilling Program, Halls Creek
Halls Creek KOONGIE PARK PROJECT 1 For personal use only Onedin Deposit 7500m RC/diamond drilling program completed in August EL4960 2022 Cosmo Prospect • 4,330m of RC drilling now completed Emull Prospect across 28 holes. • Target areas included: • Emull (8 holes) Sandiego Deposit • Cosmo (14 holes
Slide 8: Emull Prospect
KOONGIE PARK PROJECT EMULL PROSPECT For personal use only Wide, near surface copper and zinc sulphide mineralisation confirmed in August 2022. • EMRC002 – 74m @ 0.36% Cu, 0.71% Zn, and 6g/t Ag from 106m • EMRC004 – 89m @ 0.36% Cu, 1.18% Zn and 9g/t Ag from 61m • EMRC007 – 25m @ 0.46% Cu, 1.55% Zn an
Slide 9: Cosmo Prospect
KOONGIE PARK PROJECT COSMO PROSPECT For personal use only First four drill holes confirm significant near-surface copper mineralisation in August 2022. • ACORC22006 – 11m @ 0.44% Cu, 0.42% Zn and 5g/t Ag from 72m including 3m @ 0.75% Cu, 0.41% Zn and 7g/t Ag from 75m • ACORC22007 – 25m @ 0.38% Cu, 1
Slide 10: Onedin Deposit Metallurgy
KOONGIE PARK PROJECT ONEDIN DEPOSIT METALLURGY For personal use only 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. • Testwork commenced in Mar
Slide 11: Why Auking?
WHY AUKING? For personal use only Halls Creek Low market Location capitalisation for 9Mt JORC resource Highly - Strong Prospective Copper-Zinc- 2022 Drilling + Cobalt Program marketability 11
Slide 12: 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 12
Slide 13: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Anna Nahajski- Shizhou Yin Shares on issue Staples Non-Executive Director Non-Executive Chair, from 1 October 2022 104.1 million CAPITAL STRUCTURE Market Capitalisation Paul Williams Chief Executive Officer Ian Hodkinson Non-Executive Director $8.1 million 19
Slide 14: Appendix: Onedin Mineral Resource Estimate
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 15: Appendix: Sandiego Mineral Resource Estimate
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