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AuKing Mining Limited (ASX:AKN)

ALERT: Price-sensitive ASX Announcement for AKN
Current share price for AKN : $0.016 -0.002 (-11.11%)+
Announcement
Release
17 Aug 2026 8:05AM
Price at Release
$0.018
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 Malawi. The first diamond drill hole at Tundulu has intersected extensive carbonatite formations, extending to 510.62 meters, surpassing the initial projection of 300 meters. These findings broaden the geological model of the area, indicating a larger and deeper carbonatite complex than previously thought. The company has secured export permits for drill samples, which are being processed for assay in Perth. These developments are vital for the planned maiden Mineral Resource Estimate set for later in the year.
Key Points
  • First diamond drill hole at Tundulu extends to 510.62m.
  • Carbonatite formations confirmed beyond initial projections.
  • Geological model of the area is broader and deeper.
  • Export permits secured for sample processing in Perth.
  • Aim to complete maiden Mineral Resource Estimate this year.
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.