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AuKing Mining Ltd ( (AU:AKN) ) just unveiled an update.
AuKing Mining Limited has announced the immediate retirement of two non-executive directors, Dr Kylie Prendergast and Nick Harding, who joined the board in late 2024 and have stepped down to pursue other interests, prompting further reshaping of the company’s governance structure. The company also reported that Orion Resources has commenced Supreme Court proceedings in Western Australia over the failed completion of the Cloncurry Gold Project asset sale, while confirming that AuKing is not a party to the litigation and, following an ASX determination that certain listing rules apply, will no longer proceed with its proposed $16.2 million acquisition of Orion on the previously announced terms, potentially altering its strategy for gaining exposure to the Cloncurry assets and related growth plans.
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 Limited is an Australian-listed resources company focused on mineral exploration and development, with key assets including the Cloncurry Gold Project in north-western Queensland. The company operates within the mining sector and is engaged in advancing resource projects through acquisition, exploration and potential development, often in partnership or transaction with other resource-focused entities.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.6M
For a thorough assessment of AKN stock, go to TipRanks’ Stock Analysis page.