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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 (-3.85%)+
Announcement
Release
15 Jul 2026 8:24AM
Price at Release
$0.026
Full Release
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Summary
AuKing Mining Limited has made significant progress in its drilling activities at the Tundulu Rare Earth Project in southern Malawi. The company has completed over 3,850 meters of reverse circulation drilling across 27 holes as part of a 15,000-meter drilling program. The drilling confirmed widespread carbonatite lithologies and intersected multiple carbonatite intrusions, reinforcing the geological model and the potential scale of the carbonatite system. The project has demonstrated extensive carbonatite geology across Nathace Hill, Kamilala Hill, and Tundulu Hill, highlighting the project's district-scale potential. Data from geological logging and laboratory assays will be integrated to refine the geological model and guide future diamond drilling activities.
Key Points
  • Completion of over 3,850 meters of reverse circulation drilling.
  • Confirmation of carbonatite lithologies in every drill hole.
  • Multiple carbonatite intrusions intersected on the western and eastern sectors of Tundulu Hill.
  • Drilling delineated extensive carbonatite geology across Nathace Hill, Kamilala Hill, and Tundulu Hill.
  • Project highlights district-scale potential of the carbonatite system.
  • Further drilling planned, including a combination of RC and diamond drilling.
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.