InvestSMART

AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.025 0.004 (19.05%)+
Announcement
Release
5 Jun 2026 8:33AM
Price at Release
$0.021
Full Release
download
Summary
AuKing Mining Limited has announced the results from its recent high-resolution airborne magnetics and LiDAR survey over the Tundulu Rare Earth Project in southern Malawi. The survey revealed that historical drilling only tested a small portion of a larger carbonatite intrusive complex at Tundulu, identifying several new drill-ready targets under shallow cover. The interpretation, validated by a former senior Rio Tinto geophysicist, highlighted the geometry and boundaries of the carbonatite system centered on Nathace Hill, pointing to multiple untested intrusive areas as priority drill targets. The company has commenced mobilization of equipment for a planned 10,000-meter drilling program to further explore the potential of this large-scale carbonatite system.
Key Points
  • High-resolution airborne magnetics and LiDAR survey completed.
  • Historical drilling tested only a small part of a larger complex.
  • Former senior Rio Tinto geophysicist validated survey interpretation.
  • Identified new drill-ready targets beneath shallow cover.
  • Geometry and boundaries of carbonatite system defined at Nathace Hill.
  • Priority drill targets identified in untested areas.
  • Mobilization for 10,000-meter drilling program commenced.
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.