Auking Mining Ltd · ASX:AKN
Auking Mining — Investor Presentation (July 2021)
19 slides from Auking Mining's investor presentation, Jul 21, 2021
Slide 1: Investor Presentation July 2021 - Koongie Park Copper/Zinc Project
AuKing Mining Limited (ASX:AKN) I N V E S T O R P R E S E N TAT I O N | J U LY 2 0 2 1 Exploration & Development KOONGIE PARK COPPER/ZINC PROJECT
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 recommendation with respect to the subscription for, purchase or sale of any securities in AKN. This presentation has been
Slide 3: Company overview
Company overview AKN is an exploration and development company pursuing copper, gold, zinc and other base metal projects: • Recently completed a $7m capital raise to progress a 75% earn-in of the Koongie Park copper/zinc project • Focused on becoming on a substantial mid-tier mining group, acquiring
Slide 4: Corporate snapshot
Corporate snapshot Capital Structure Board and management ASX Code AKN Paul Williams Chief Executive Officer Market Cap $9.6m Dr Mark Elliott Independent Chairman ($0.16/share) Ian Hodkinson Non-Executive Director Shares on issue 60,289,651 Peter Tighe Non-Executive Director Options on issue 17,500,
Slide 5: Koongie Park project overview
Koongie Park | Project overview Koongie Park Cu/Zn project is situated in north-eastern WA, in the highly mineralised Halls Creek region Existing significant JORC 2012 resources of 6.36Mt @ 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag * Drill targets already identified - significant opportunity to expan
Slide 6: Tenures
Koongie Park | Tenures Koongie Park comprises 10 licences (2 mining and 8 exploration) covering >500km2 Sandiego and Onedin deposits are within existing Mining Licences granted pre-Native Title Act Nicolsons gold mining operation (Pantoro) is situated about 15km south-west from the Sandiego deposit
Slide 7: Development strategy
Koongie Park | Development strategy 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 geophysics, and geochemis
Slide 8: Initial drill program
Koongie Park | Initial drill program Drilling program summary: Drilling program is intended to: • 7,000m drilling program at • Infill drilling around previous Koongie Park planned to holes to improve commence in early August 2021 interpretation and reliability of • Scheduled to commence in early ore
Slide 9: Initial drill program - Sandiego
Koongie Park | Initial drill program - Sandiego Emull AuKing Mining Limited (ASX:AKN) 9
Slide 10: Initial drill program - Onedin
Koongie Park | Initial drill program - Onedin AuKing Mining Limited (ASX:AKN) 10
Slide 11: Regional exploration
Koongie Park | Regional exploration 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 least 2 sizeable VMS depo
Slide 12: Metallurgy
Koongie Park | Metallurgy 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 solution for the near-surface
Slide 13: Copper & Zinc outlook
Copper & Zinc outlook Copper Zinc 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 • Zinc demand is tied to economic develo
Slide 14: Investment summary
Investment summary Koongie Park Cu/Zn project is situated in a tier 1 north-eastern WA location, in the highly mineralised Halls Creek region 10 licences (2 mining and 8 exploration) covering an area of >500km2 – all significantly under explored Existing JORC 2012 resource estimate of 6.36Mt @ 1.3%
Slide 15: Contact details
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 16: Appendix I | ASX re-listing
Appendix I | ASX re-listing After a successful capital raise securing $7m in new funds, AKN resumed trading on the ASX Tuesday, 15 June 2021 • 60,289,651 ordinary shares and 17.5m attaching options are on issue • 22% of the total issued shares are the subject of between 12 and 24 month escrow condit
Slide 17: Appendix II | Koongie Park Resources
Appendix II | Koongie Park Resources 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 Limited (ASX:AKN) 17
Slide 18: Appendix III | Earn-in terms
Appendix III | Earn-in terms 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 interest • $1.5M on exploration activit
Slide 19: Appendix IV | Board and management
Appendix IV | Board and management DR MARK ELLIOTT 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 director for a number