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Tusker Minerals Ltd (ASX:TSK)

ALERT: Price-sensitive ASX Announcement for TSK
Current share price for TSK : $0.073 0 (0%)+
Announcement
Release
18 Aug 2026 9:18AM
Price at Release
$0.073
Full Release
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Summary
AuKing Mining Limited has announced its plan to acquire 100% of Green Exploration Limited, a Malawian company that holds various exploration licences across Malawi. This acquisition includes significant projects like the Machinga Heavy Rare Earths, Salambidwe Rare Earths, Ngala Hill Copper/PGE, and Karonga Copper projects. The acquisition is aimed at expanding AuKing's asset portfolio in Malawi and is conditional upon ASX approval. The company plans to immediately commence exploration on these assets once the acquisition is completed. Historical exploration by Tusker Minerals Ltd and others has indicated potential for significant discoveries in these areas, which AuKing intends to explore further.
Key Points
  • AuKing to acquire 100% of Green Exploration Limited.
  • Assets include Machinga, Salambidwe, Ngala Hill, and Karonga projects.
  • Acquisition expands AuKing's Malawi asset portfolio.
  • Exploration to commence immediately upon acquisition completion.
  • Historical data indicates significant potential for rare earths and copper/PGE.
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.