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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.028 0.02 (250%)+
Announcement
Release
19 Jan 2026 5:12PM
Price at Release
$0.008
Full Release
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Summary
The quarterly cash flow report for AuKing Mining Limited, for the period ended 31 December 2025, details significant cash movements. The company reported a net cash outflow of $535,000 from operating activities primarily due to exploration, evaluation, staff costs, and administration expenses. Investing activities resulted in a net cash inflow of $293,000, largely from the disposal of non-current assets. Financing activities contributed a net cash inflow of $229,000, with proceeds from equity issues and borrowings. As of the end of the quarter, AuKing Mining held $113,000 in cash and cash equivalents. The company has a loan facility with Director Peter Tighe and a significant $5,000,000 facility with RiverFort Global Capital Ltd to finance the Orion project. The report also highlights the company's strategy to secure additional funding through equity placements and emphasizes its confidence in continuing operations and meeting business objectives, contingent on successful future funding.
Key Points
  • Net cash outflow from operating activities of $535,000.
  • Investing activities resulted in a net cash inflow of $293,000.
  • Financing activities contributed a net cash inflow of $229,000.
  • Cash and cash equivalents at end of period were $113,000.
  • Loan facilities include a $650,000 agreement with Peter Tighe and a $5,000,000 facility with RiverFort Global Capital.
  • Confidence in continuing operations based on successful additional funding efforts.
  • Proposed exploration and development activities are contingent on secured funding.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.