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AuKing Mining Ltd ( (AU:AKN) ) has provided an announcement.
In its quarterly report for the period ending December 31, 2024, AuKing Mining Ltd announced several strategic developments, including closing a prospectus for a rights issue entitlement offer and partnering with Benwest Investment Services for the shortfall. The company also extended a short-term loan facility and entered an agreement to earn a 15% interest in the Cloncurry Gold Project with Orion Resources. Additionally, they have postponed a drilling program in Tanzania until early 2025 and succeeded in a joint venture bid for the ‘Shaib Marqan’ project with a Saudi partner. These developments could enhance AuKing’s operational capabilities and strategic positioning in the mining sector.
More about AuKing Mining Ltd
AuKing Mining Ltd is an exploration company engaged in gold, uranium, copper, and niobium/REE projects, with operations in Canada, Australia, and Tanzania.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.32M
Find detailed analytics on AKN stock on TipRanks’ Stock Analysis page.
