AuKing moves to mid-May drilling start at Malawi Tundulu rare earths project

AuKing Mining Ltd ( (AU:AKN) ) just unveiled an update.

AuKing Mining has appointed southern African drilling contractor Thompson Resources to conduct a minimum 5,500 metres of reverse circulation and diamond drilling at its Tundulu rare earths project in Malawi, with mobilization of rigs scheduled from mid-May and early June. The program is designed to test extensions, structural controls and depth continuity of rare earth mineralisation across targets at Nathace Hill, Tundulu Hill and Kamilala Hill, with capacity to expand drilling based on results.

The company has also finalised and lodged all required documentation with Malawi’s mining regulator to transfer the Tundulu exploration licence to its local subsidiary, with a final approval decision expected shortly. Successful completion of the licence transfer and execution of the expanded drilling campaign would mark a significant step in de-risking and advancing the Tundulu project, strengthening AuKing’s footprint in the rare earths space and potentially enhancing its appeal to investors exposed to critical minerals.

More about AuKing Mining Ltd

AuKing Mining Limited is an Australia-listed resources company focused on the exploration and development of mineral projects, with a growing emphasis on rare earth elements. Through its Malawi subsidiary, Tundulu Rare Earths Limited, the company is advancing the Tundulu rare earths project in southern Africa, positioning itself in the strategic critical minerals sector.

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