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AuKing Mining Ltd ( (AU:AKN) ) has provided an announcement.
AuKing Mining has issued a clarification regarding an earlier market update about Orion Resources’ proposed acquisition of the Cloncurry Gold Project assets in north-western Queensland. The company has withdrawn a prior statement implying that the project could not practically proceed until Orion’s ongoing litigation was satisfactorily resolved, acknowledging that such a comment is beyond its capacity given it has no involvement in the legal dispute and making clear it offers no representation on the sales process being run by the Receivers and Liquidators for the Cloncurry assets.
The most recent analyst rating on (AU:AKN) stock is a Hold 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 interests including the Cloncurry Gold Project assets in north-western Queensland. The company operates within the mining sector, targeting opportunities in precious and base metals to build its project portfolio and enhance shareholder value.
Technical Sentiment Signal: Sell
Current Market Cap: A$4.95M
For an in-depth examination of AKN stock, go to TipRanks’ Overview page.