AuKing Mining Ltd (AU:AKN) has released an update.
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AuKing Mining Ltd has announced its plans to earn a 15% interest in the Cloncurry gold project in Queensland by investing $1.5 million by the end of 2025. This investment will support a range of activities, including a mining study, resource review, and drilling initiatives, to bolster confidence in the project’s gold resource estimates. The collaboration with Orion Resources is expected to enhance mining and processing operations around the Lorena facility, potentially securing a lucrative gold-producing asset.
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