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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.022 0.001 (4.76%)+
Announcement
Release
31 Jul 2026 8:34AM
Price at Release
$0.021
Full Release
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Summary
AuKing Mining Limited has announced the commencement of diamond drilling at their Tundulu Rare Earths Project in southern Malawi. Following the completion of the reverse circulation (RC) drilling phase, which comprised 4,300 meters across 31 holes and confirmed carbonatite intersections in 28 holes, the project has now advanced to the diamond drilling phase. This next phase includes plans for up to 10,000 meters of drilling to explore the depth continuity of the carbonatite system beneath Nathace Hill, Tundulu East, and Kamilala Hill. The company has received export permits for 2,992 RC drill samples, and additional samples are undergoing the export approval process. The first assay results from these samples are expected soon. This drilling program is part of AuKing's maiden 15,000-meter exploration initiative at Tundulu, aiming to substantiate the preliminary findings from the RC drilling and explore further into the geological model.
Key Points
  • Commencement of diamond drilling at Tundulu Project.
  • Completion of 4,300m RC drilling across 31 holes.
  • Confirmation of carbonatite intersections in 28 holes.
  • Plan for up to 10,000m of diamond drilling for further exploration.
  • Export permits obtained for 2,992 RC samples; more pending.
  • First assay results from RC drilling samples expected soon.
  • 15,000m maiden drilling program focused on rare earth exploration.
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.