Auking Mining Ltd · ASX:AKN
Auking Mining — Investor Presentation (June 2026)
24 slides from Auking Mining's investor presentation, Jun 11, 2026
Slide 1: Investor Presentation
I N V E S T O R P R E S E N TAT I O N For personal use only A critical minerals explorer, anchored by a large-scale carbonatite REE asset in Malawi 11 JUNE 2026 | aukingmining.com
Slide 2: Disclaimer and qualifying statement
LEGAL NOTICES Disclaimer and qualifying statement For personal use only Disclaimer This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security in AuKing Mining Limited (ASX: AKN). AuKing makes no representation or warranty as to the accuracy
Slide 3: Strategic Foundation
For personal use only SECTION 01 Strategic Foundation 3 INVESTOR PRESENTATION | ASX: AKN | aukingmining.com
Slide 4: A deliberate critical minerals pivot
S T R AT E G I C F O C U S A deliberate critical minerals pivot. For personal use only In early 2026, AuKing’s reset its strategic focus to critical minerals, and rebuilt the portfolio around that thesis. Portfolio Build Critical Minerals Exposure Koongie Park JV FEB 2025 Cobalt Blue (ASX: COB) earn
Slide 5: Why the current valuation does not reflect the platform
THE INVESTMENT CASE Why the current valuation does not reflect the platform. For personal use only 1 Tundulu - large carbonatite REE in the same Malawi district as Lindian and Mkango. 3 Critical minerals exposure across four commodities. 5 km ring complex. 24 historical holes ended in mineralisation
Slide 6: The market has started to notice
SHARE PRICE PERFORMANCE The market has started to notice. For personal use only A$0.0270 +285.7% A$0.015 A$53.0M Close · 24 Apr 2026 1-year total return Apr 2026 placement Market cap (intra-day) Key Catalysts JAN 2026 Big Wilson Sn/W announced FEB 2026 Critical minerals strategy reset 17 APR 2026 Tu
Slide 7: Four assets. Four jurisdictions. One thesis.
PORTFOLIO SNAPSHOT Four assets. Four jurisdictions. One thesis. For personal use only Western Malawi Tasmania Tanzania Australia Tundulu Rare Big Wilson Koongie Park Mkuju Earths Project Licence pending JORC resource Approvals granted Acquired April 2026 100% AuKing COB JV-funded 100% AuKing 100% Au
Slide 8: Tundulu carbonatite ring complex - the marquee asset
For personal use only SECTION 02 Tundulu 5 km carbonatite ring complex - the marquee asset 8 INVESTOR PRESENTATION | ASX: AKN | aukingmining.com
Slide 9: Tundulu Rare Earths Project, Malawi
T U N D U L U R A R E E A R T H S P R O J E C T, M A L AW I Tundulu For personal use only A 5 km carbonatite ring complex - large, under-explored, high grade. TENEMENT EL 0731/24 • 91.5 km² • 100% AuKing LOCATION Phalombe District, Southern Malawi PROXIMITY E~70 km SE of Zomba • ~90 km east of Blant
Slide 10: Tundulu
T U N D U L U R A R E E A R T H S P R O J E C T, M A L AW I Tundulu For personal use only 10 INVESTOR PRESENTATION | ASX: AKN | aukingmining.com
Slide 11: Tundulu - Historical Drilling
TUNDULU - HISTORICAL DRILLING 24 historical drill holes ended in mineralisation. For personal use only Drilling History Best Historical Intercepts JICA 1987 • Initial REE program 41 m at 3.70% TREO from 8 m M OTA-ENGIL 2014-15 • Optichem joint program 35 m at 2.70% TREO AVG DEPTH 127 m • Most holes
Slide 12: Tundulu - District Context
TUNDULU - DISTRICT CONTEXT Same district. Same rocks. Different valuation. For personal use only Tundulu sits in the same Malawi geological province as Lindian Resources' Kangankunde and Mkango's Songwe Hill – all three are carbonatite-hosted REE projects with similar low-thorium chemistry. TUNDULU
Slide 13: Tundulu: Commencement of Exploration
For personal use only SECTION 03 Tundulu Commencement of Exploration 13 INVESTOR PRESENTATION | ASX: AKN | aukingmining.com
Slide 14: Tundulu Airborne Survey – Untested Mineral System
TUNDULU – The Carbonatite Story Tundulu Airborne Survey – Untested Mineral System For personal use only AuKing completed an airborne magnetics and LiDAR survey across the Tundulu region in late April 2026 The survey materially advances the Company’s understanding of Tundulu from a historically surfa
Slide 15: Commencement of maiden Tundulu drilling program
TUNDULU – The Carbonatite Story Commencement of maiden Tundulu drilling program For personal use only AuKing has commenced its planned 10,000m RC/diamond drilling program at Tundulu Well-known southern African drilling contractor, Thompson Resources has been engaged to undertake a planned 10,000m pr
Slide 16: Targeting the Real Anomalies
TUNDULU – The Carbonatite Story Targeting the Real Anomalies For personal use only Historic vs. AuKing Phase 1 Drilling 47 % of Historic Holes <100m 8 of 24 holes ended in mineralisation grading >2% TREO - open at depth. Because we’re not looking at small, discrete occurrences -The depth and consist
Slide 17: Critical Mineral Assets
For personal use only SECTION 4 Critical Mineral Assets Big Wilson, Koongie Park, Mkuju 17 INVESTOR PRESENTATION | ASX: AKN | aukingmining.com
Slide 18: Big Wilson
BIG WILSON, TASM AN I A Big Wilson For personal use only Renison Bell-adjacent tin and tungsten in a world-class Australian district. District Context TENEMENT ELAs 22/2025 + 23/2025 · 100% AuKing (subject to grant + DD) AREA ~203 km² in north-western Tasmania ~292,000 t BIG WILSON Greisen + skarn t
Slide 19: Koongie Park
KOONGIE PARK, WESTERN AUSTRALI A Koongie Park For personal use only Advanced Cu/Zn VMS - JORC resource, positive scoping, JV-funded. See ASX release by Cobalt Blue Holdings on 6 June 2025 A$176.9M 39.7% A$134M 2.45 yrs 11 yrs Pre-tax NPV at 8% IRR Capex Payback LOM JV Structure DEPOSIT MT CU % ZN %
Slide 20: Mkuju
MKUJU, TANZ ANI A Mkuju For personal use only Uranium optionality adjacent to a world-class uranium project. District Precedent OWNERSHIP 100% AuKing LOCATION Immediately south-east of the Nyota uranium project A$1.16 billion DRILLING Program approved by Tanzanian authorities • Awaiting funding ARMZ
Slide 21: Capital and Corporate
For personal use only SECTION 05 Capital and Corporate Structure, board and contact 21 INVESTOR PRESENTATION | ASX: AKN | aukingmining.com
Slide 22: Capital Structure and Board of Directors
S T R AT E G I C F O C U S A deliberate critical minerals pivot. For personal use only Capital Structure Board of Directors and Management SHARES ON ISSUE 2.033B Peter Tighe | Non-Executive Chair APRIL 26 A$3M PLACEM ENT AT A$0.015 200,000,000 new SHARE PRICE $0.024 Paul Williams | Managing Director
Slide 23: In Closing
IN CLOSING Critical Minerals. For personal use only Anchored by Tundulu. 1 Strategic critical minerals platform, Board reset adopted early 2026 Contact 2 Tundulu - large carbonatite REE asset in the same Malawi district as Lindian (~A$1.6B+) and Mkango (~A$370M). 3 Big Wilson - Sn / W on the Austral
Slide 24: External sources and data attributions
APPENDIX External sources and data attributions. For personal use only Tundulu - Malawi Kangankunde / Songwe Hill Comparators Historical REE / gallium drill results: JICA Malawi REE Survey (1987); Mota-Engil / Optichem Kangankunde MRE: 261 Mt at 2.19% TREO (Lindian ASX 3 Aug 2023). Reserve 23.7 Mt a