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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.025 0.001 (4.17%)+
Announcement
Release
9 Jun 2026 8:31AM
Price at Release
$0.024
Full Release
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Summary
AuKing Mining Limited has commenced its maiden drilling program at the Tundulu Rare Earths Project in southern Malawi, with the assistance of Thompson Resources. The program, which involves 10,000 meters of combined reverse circulation (RC) and diamond drilling, aims to explore the extensions and structural controls of rare earth element mineralisation across the Tundulu Project. It builds upon recent airborne magnetics and LiDAR surveys, and targets previously untested portions of the carbonatite complex. Initial drilling will focus on Nathace Hill and associated high-grade geochemical targets, with assay results to be submitted to Intertek’s Perth laboratory soon.
Key Points
  • AuKing Mining Limited has started a drilling program at the Tundulu Rare Earths Project.
  • The project is located in southern Malawi.
  • The drilling program is conducted by Thompson Resources, targeting 10,000 meters with RC and diamond drilling.
  • The program aims to test extensions and structural controls of REE mineralisation.
  • Historical drilling had only tested a limited part of the Tundulu carbonatite complex.
  • Priority drilling will focus on southwest extensions and southern mineralised corridors at Nathace Hill.
  • Additional RC scout drilling will evaluate satellite targets with high-grade surface geochemistry.
  • The initial assay results will be processed in Intertek’s Perth laboratory.
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.