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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.019 -0.008 (-29.63%)+
Announcement
Release
20 Jul 2026 6:05PM
Price at Release
$0.027
Full Release
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Summary
The quarterly cash flow report for AuKing Mining Limited as of 30 June 2026 highlights several financial activities. The company reported a net outflow of $2.362 million from operating activities, largely due to costs associated with exploration, evaluation, and administration. Financing activities raised $3.304 million and concluded with net proceeds of $2.758 million after transaction costs. Overall, cash and cash equivalents increased from $931,000 at the beginning of the quarter to $1.331 million at its end. Additionally, the company plans to continue its drilling program at the Tundulu project and has secured commitments for a $5 million placement to ensure continued operations.
Key Points
  • Net cash outflow from operating activities of $2.362 million.
  • Cash inflow from financing activities of $3.304 million.
  • Net cash increase to $1.331 million by end of quarter.
  • Commitment for $5 million placement to support operations.
  • Continued drilling at Tundulu project planned.
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.