Auking Mining Ltd · ASX:AKN
Auking Mining — Proactive Investors Presentation (June 2017)
15 slides from Auking Mining's conference presentation, Jun 14, 2017
Slide 1: AuKing Mining Limited Proactive Investors Presentation
For personal use only AuKing Mining Limited (ASX:AKN) Exploration & Development PROACTIVE INVESTORS PRESENTATION 14 JUNE 2017 AuKing Mining Limited (ASX:AKN) 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: AKN Mexico Acquisition – A New Direction
AKN MEXICO ACQUISITION – A NEW DIRECTION For personal use only • Previously carried out extensive exploration in Mount Isa region • JCHX Group has recently become the largest shareholder in AKN – one of the largest mining contractors in China • Name change to “AuKing Mining Ltd” approved by sharehol
Slide 4: Why Mexico??
WHY MEXICO?? For personal use only • World’s largest producer of silver (about 20% of world’s total) • Several large silver/gold mines in the Sierra Madre Occidental region • Bonito Minerals founders were senior management of Bolnisi Gold – acquired and developed the Palmarejo silver/gold mine prior
Slide 5: La Dura, Mexico – Project Location
LA DURA, MEXICO – PROJECT LOCATION For personal use only AuKing Mining Limited (ASX:AKN) 5
Slide 6: La Dura – In a Region of Many Mining Projects
LA DURA – IN A REGION OF MANY MINING PROJECTS For personal use only AuKing Mining Limited (ASX:AKN) 6
Slide 7: La Dura Tenures
LA DURA TENURES For personal use only Township of El Durazno AuKing Mining Limited (ASX:AKN) 7
Slide 8: Historic "Gambusino" Workings
HISTORIC “GAMBUSINO” WORKINGS For personal use only AuKing Mining Limited (ASX:AKN) 8
Slide 9: Historical Mining at La Dura
HISTORICAL MINING AT LA DURA For personal use only • From the early 1920s small scale mining extracted approx 400k tonnes of ore from La Dura. The estimated grade of the material mined in the early days was 15g/t Au and 1000g/t Ag. • In 1975, a 20t per day beneficiation plant was installed and over
Slide 10: High Grade Gold and Silver at La Dura
HIGH GRADE GOLD AND SILVER AT LA DURA For personal use only • AKN representatives recently attended the La Dura project area and collected several samples of ore and material from the historic mining workings. • The mineralised veins contain very high grade material. Some of AKN’s assay results cont
Slide 11: Underground Workings at La Dura
UNDERGROUND WORKINGS AT LA DURA For personal use only AuKing Mining Limited (ASX:AKN) 11
Slide 12: Underground Workings at La Dura (cont)
UNDERGROUND WORKINGS AT LA DURA (CONT) For personal use only AuKing Mining Limited (ASX:AKN) 12
Slide 13: Proposed AKN/Bonito Acquisition
PROPOSED AKN/BONITO ACQUISITION For personal use only The binding term sheet between AKN and Bonito Minerals provides, in summary, the following: • AKN has a two-staged process to acquire an initial 30% shareholding in Bonito as follows: – Payment of A$350k and the issue of A$125k in AKN shares (on
Slide 14: Why Invest in AKN?
WHY INVEST IN AKN? For personal use only • A new major shareholder (that is a very large Chinese mining company) and Board that is focussed on securing high quality copper/gold/silver projects • Mexican (La Dura) partners are very experienced and have successfully developed large mining projects bef
Slide 15: AKN Corporate Information
AKN CORPORATE INFORMATION For personal use only Share and Financial Directors Information Dr. Huaisheng Peng Non-executive Co-chairman Share price (9-June-17) A$0.007 Mr Paul Williams Managing Director Number of shares 886M Mr Zewen (Robert) Yang Executive Director Market Capitalisation A$6.02M Mr Q
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