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AuKing Mining Ltd ( (AU:AKN) ) just unveiled an announcement.
AuKing Mining Limited, in collaboration with Orion Resources, has signed a non-binding indicative term sheet for an A$8M financing deal with Nebari Natural Resources Credit Fund II, LP. This funding will support Orion’s acquisition of the Cloncurry Gold Project assets, marking a significant step towards advancing the project into gold production. The financing is contingent upon due diligence and other conditions, with the financial close expected by July 2025.
More about AuKing Mining Ltd
AuKing Mining Limited is a company operating in the mining industry, focusing on the extraction and development of mineral resources. The company is involved in projects such as the Cloncurry Gold Project in northern Queensland, aiming to advance towards near-term gold production.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.02M
See more insights into AKN stock on TipRanks’ Stock Analysis page.