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An announcement from AuKing Mining Ltd ( (AU:AKN) ) is now available.
AuKing Mining’s latest quarterly report highlights progress across its exploration portfolio, including final airborne survey results at the Myoff Creek niobium and rare earths project in Canada that suggest a possible extension of known carbonatite mineralisation, and continued advancement of the Koongie Park copper-zinc project under its earn-in joint venture with Cobalt Blue, which has already delivered a positive scoping study. The company bolstered working capital through a A$400,000 raising with GBA Capital and announced post-period board changes, but it also confirmed that its planned acquisition of the Cloncurry Gold Project and the 100% acquisition of Orion Resources will not proceed on the original terms following ASX Listing Rule requirements, with the failed Cloncurry transaction now the subject of Supreme Court litigation initiated by Orion, introducing legal and strategic uncertainty around that asset.
The most recent analyst rating on (AU:AKN) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on AuKing Mining Ltd stock, see the AU:AKN Stock Forecast page.
More about AuKing Mining Ltd
AuKing Mining Ltd is an exploration company focused on gold, uranium, copper and critical minerals projects across Australia, Canada and Tanzania. Listed on the ASX, the company is advancing a portfolio that includes the Myoff Creek niobium/rare earths project in British Columbia and the Koongie Park copper-zinc project in Western Australia, reflecting a strategic emphasis on metals tied to energy transition and industrial demand.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.68M
Find detailed analytics on AKN stock on TipRanks’ Stock Analysis page.