AuKing Mining Ltd ( (AU:AKN) ) has shared an update.
AuKing Mining Ltd announced significant developments in its quarterly report for the period ending March 31, 2025. The company has entered a joint venture with Cobalt Blue for the Koongie Park copper/zinc project and secured a strategic investment agreement with Gage Capital, involving a $300k share placement and the sale of non-core prospecting licenses in Tanzania. Additionally, AuKing has made substantial progress with the Cloncurry Gold Project, revising its agreement with Orion to acquire a 50% interest by investing $5M by June 2027, and entering a new joint venture for the Tick Hill gold project, which could provide early cash flow. The company also plans to advance drilling and development at Mt Freda, aiming to establish a central gold and copper processing hub in the region.
More about AuKing Mining Ltd
AuKing Mining Ltd is an exploration company engaged in the development of gold, uranium, copper, and niobium/REE projects across Australia, Canada, and Tanzania.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.02M
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