AuKing Mining Ltd (AU:AKN)
ASX:AKN
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AuKing Mining Ltd
(Sydney:AKN)
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Rating:41Neutral
Price Target:
AU$0.02
â–²(70.00% Upside)
Action:Reiterated
Date:05/21/26
The score is weighed down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow), indicating continued reliance on external funding. Technicals are neutral-to-soft with price below the 20-day average and only mild momentum signals. Valuation provides limited support due to negative earnings and no stated dividend yield.
Positive Factors
Positive equity and low leverage
A tangible equity base with modest debt ratios provides structural financial flexibility for an exploration company. It reduces immediate solvency risk, supports funding of drilling or studies, and makes the firm a more credible partner for farm-outs or JV deals over the coming months.
Negative Factors
Zero revenue and persistent losses
No operating revenue and recurrent net losses indicate the company has not yet translated exploration efforts into commercial income. Over the medium term this limits self-funding ability, increases dependency on external capital, and creates uncertainty around achieving a sustainable business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity and low leverage
A tangible equity base with modest debt ratios provides structural financial flexibility for an exploration company. It reduces immediate solvency risk, supports funding of drilling or studies, and makes the firm a more credible partner for farm-outs or JV deals over the coming months.
Read all positive factors
AuKing Mining Ltd (AKN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$40.56M
Dividend YieldN/A
Average Volume (3M)600.68K
Price to Earnings (P/E)―
Beta (1Y)2.05
Revenue GrowthN/A
EPS Growth77.37%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,028,142,100
10 Day Avg. Volume600,683
30 Day Avg. Volume600,683
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.48
Price to Sales (P/S)0.00
P/FCF Ratio-1.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AuKing Mining Ltd Business Overview & Revenue Model
Company Description
AuKing Mining Limited, an early-stage exploration company, acquires, explores for, and develops mineral projects in Australia. The company primarily focuses on exploring copper, gold, and other base metals. It has an agreement to earn up to 75% in...
How the Company Makes Money
AuKing Mining Ltd’s revenue model is primarily tied to the commercialisation of mineral exploration and development assets rather than the sale of manufactured products or retail services. The company can make money by (1) advancing exploration pr...
AuKing Mining Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -20.95K | -40.78K | -47.40K | -38.94K | -13.67K |
| EBITDA | -2.57M | -5.09M | -11.54M | -2.31M | -1.06M |
| Net Income | -2.84M | -5.55M | -12.66M | -2.35M | -1.76M |
Balance Sheet | |||||
| Total Assets | 8.11M | 8.23M | 9.37M | 10.28M | 7.73M |
| Cash, Cash Equivalents and Short-Term Investments | 113.69K | 33.86K | 396.31K | 1.66M | 2.50M |
| Total Debt | 900.95K | 801.62K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.81M | 1.95M | 377.58K | 417.31K | 626.48K |
| Stockholders Equity | 6.30M | 6.27M | 8.99M | 9.86M | 7.10M |
Cash Flow | |||||
| Free Cash Flow | -2.36M | -2.22M | -4.44M | -6.29M | -6.39M |
| Operating Cash Flow | -2.36M | -1.98M | -3.67M | -1.85M | -1.85M |
| Investing Cash Flow | 257.71K | -161.47K | -509.57K | -3.87M | -4.54M |
| Financing Cash Flow | 2.18M | 1.78M | 2.92M | 4.87M | 8.87M |
AuKing Mining Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$6.10M | -0.74 | -380.56% | ― | ― | -38.24% | |
45 Neutral | AU$4.82M | -0.26 | -72.11% | ― | -100.00% | -214.43% | |
45 Neutral | AU$6.34M | -4.87 | -27.10% | ― | ― | 60.00% | |
45 Neutral | AU$4.10M | 5.65 | 3.77% | ― | ― | ― | |
41 Neutral | AU$40.56M | -6.34 | -47.54% | ― | ― | 77.37% |
* Basic Materials Sector Average
AU:AKN
AuKing Mining Ltd
0.02
0.01
100.00%
AU:DTM
Dart Mining NL
0.02
-0.05
-69.33%
DE:RM9
Enterprise Metals Limited
0.01
0.00
0.00%
AU:C29
C29 Metals Limited
0.03
>-0.01
-20.00%
AU:EMT
eMetals Limited
0.01
0.00
0.00%
AU:SBR
Sabre Resources Ltd
0.01
0.00
0.00%
AuKing Mining Ltd Corporate Events
AuKing Mining updates market on director Lincoln Ho’s expanded shareholding
May 13, 2026
AuKing Mining has disclosed a change in director Lincoln Ho’s interests following the vesting of performance rights into ordinary shares. The conversion saw Ho acquire 12,500,000 fully paid ordinary shares at nil consideration, increasing hi...
AuKing Mining Issues 37.5 Million Shares After Director Performance Rights Vest
May 13, 2026
AuKing Mining has issued 37,500,000 fully paid ordinary shares following the vesting of an equivalent number of director performance rights, which were triggered after the company’s share price achieved a specified 20-day VWAP condition. The...
AuKing Mining Seeks Quotation for 37.5 Million New Shares on ASX
May 13, 2026
AuKing Mining Ltd has applied to the ASX for quotation of 37,500,000 new ordinary fully paid shares under its code AKN. The issuance of these additional securities, arising from the exercise or conversion of existing instruments, will expand the c...
AuKing Mining Schedules Investor Webinar on Exploration Progress
May 12, 2026
AuKing Mining Limited will host an investor webinar to provide an operational update on its exploration activities across its project portfolio. Managing director Paul Williams will present the online briefing to shareholders and interested partie...
AuKing Mining issues over 21 million new shares on option exercise
May 8, 2026
AuKing Mining has issued 21,235,480 fully paid ordinary shares following the exercise of an equivalent number of listed options expiring on 31 December 2026 at an exercise price of $0.006. The new shares, which form part of an existing quoted clas...
AuKing Mining Seeks ASX Quotation for 21.2 Million New Shares
May 8, 2026
AuKing Mining Ltd has lodged an application with the ASX for quotation of 21,235,480 new ordinary fully paid shares. The new securities, issued on May 8, 2026, expand the company’s quoted capital base, potentially providing additional fundin...
AuKing Mining Issues 50 Million Unquoted Employee Performance Rights
May 8, 2026
AuKing Mining Ltd has notified the market of the issue of 50,000,000 unquoted Employee Performance Rights, dated 8 May 2026, under its ASX Appendix 3G filing. The new securities form part of the company’s equity-based remuneration framework ...
AuKing Mining defends timing of Tundulu deal and capital-raising disclosures
May 1, 2026
AuKing Mining has clarified the timing and materiality of information disclosed in an earlier market announcement concerning its agreement to acquire the Tundulu Rare Earths Project and a related capital raising of about $3 million. The company to...
AuKing moves to mid-May drilling start at Malawi Tundulu rare earths project
Apr 30, 2026
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 fro...
AuKing Mining shores up cash with equity raise despite quarterly outflows
Apr 27, 2026
AuKing Mining reported a net operating cash outflow of A$985,000 for the March 2026 quarter, driven by exploration and evaluation spending, staff costs and administration expenses, underscoring its status as a non‑revenue generating explorer...
AuKing Mining pivots to rare earths with Tundulu deal and fresh capital
Apr 27, 2026
AuKing Mining reported an active March quarter marked by portfolio reshaping and fresh capital, including the acquisition of tin and silver exploration interests in north-western Tasmania and the planned purchase of the Tundulu Rare Earths Project...
AuKing Mining Investor Loses Substantial Holder Status After Share Placement
Apr 27, 2026
AuKing Mining Limited has disclosed that investor Ms. Chunyan Niu has ceased to be a substantial shareholder in the company following a recent share placement. Her relevant interest was diluted after the company issued 200 million additional ordin...
AuKing to Brief Investors on Tundulu Rare Earths Acquisition in Malawi
Apr 23, 2026
AuKing Mining Limited will host an investor webinar on 27 April 2026 to brief shareholders on its recently acquired Tundulu Rare Earths Project in Malawi and outline the strategic rationale for the deal. Managing Director Paul Williams will presen...
AuKing Mining confirms regulatory status of 200 million-share placement
Apr 23, 2026
AuKing Mining Limited has completed the issue of 200,000,000 fully paid ordinary shares as part of a previously announced share placement, with the new stock forming part of its existing quoted class on the Australian Securities Exchange. The comp...
AuKing Mining Sets 2026 AGM and Moves Further Toward Digital Shareholder Engagement
Apr 22, 2026
AuKing Mining has scheduled its 2026 Annual General Meeting for 27 May in Brisbane, advising shareholders that meeting materials will be provided electronically via its investor portal and the ASX platform rather than by default hard-copy mail-out...
AuKing Mining Sets 2026 AGM With Digital-First Shareholder Voting
Apr 22, 2026
AuKing Mining Ltd has called its next Annual General Meeting for 27 May 2026 in Brisbane, with shareholders able to access the full notice and explanatory material online or via the ASX platform rather than receiving hard copy documents by default...
AuKing Mining issues 2 million new shares after option exercise
Apr 20, 2026
AuKing Mining Limited has issued 2,000,000 fully paid ordinary shares following the exercise of an equivalent number of unlisted options expiring on 31 December 2029 at an exercise price of $0.005. The new shares form part of an existing quoted cl...
AuKing Mining Seeks ASX Quotation for 2 Million New Shares
Apr 20, 2026
AuKing Mining has applied to the ASX for quotation of 2,000,000 new ordinary fully paid shares, to be issued on April 21, 2026. The shares arise from the exercise or conversion of existing options or other convertible securities, modestly expandin...
AuKing Mining Converts RiverFort Loan to Equity, Issues 49 Million Shares
Apr 20, 2026
AuKing Mining has issued 49,111,111 new fully paid ordinary shares following the conversion of 442,000 convertible notes associated with its RiverFort loan facility at $0.009 per share. The conversion covers the entire outstanding $500,000 loan pl...
AuKing Mining Cancels 58,000 Lapsed Convertible Notes
Apr 20, 2026
AuKing Mining has notified the market that 58,000 AKNAT convertible notes have ceased, following the lapse of conditional rights attached to these securities. The lapse occurred because the conditions for conversion were not met or had become inca...
AuKing Mining Seeks ASX Quotation for 49 Million New Shares
Apr 20, 2026
AuKing Mining Ltd has applied to the ASX for quotation of 49,111,111 new ordinary fully paid shares, expanding its listed securities on the Australian market. The enlarged share base is likely intended to support the company’s ongoing corpor...
AuKing Mining plans major issue of employee performance rights
Apr 20, 2026
AuKing Mining Ltd has notified the ASX of a proposed issue of up to 50 million employee and consultant performance rights. The new class of securities, intended as a placement or similar issue, is scheduled for issue on 20 April 2026.The performan...
AuKing Mining Plans Major Share and Performance Securities Issue
Apr 17, 2026
AuKing Mining has outlined plans for a significant new securities issue, comprising up to 83,333,333 ordinary fully paid shares and 57,142,857 unlisted performance shares maturing in May 2029. The proposed placement, scheduled for issue in early M...
AuKing Mining Plans Major Share and Option Issue to Boost Capital Base
Apr 17, 2026
AuKing Mining Limited has outlined plans for a substantial capital raising through the proposed issue of up to 200 million new ordinary fully paid shares and 40 million options. The new securities are to be issued via a placement or similar struct...
Tusker Minerals Sells Malawi Rare Earths Project to AuKing in $5.55m Refocus
Apr 17, 2026
Tusker Minerals has agreed to sell its 100% interest in the Tundulu Rare Earth Elements project in southern Malawi to AuKing Mining for total consideration of $5.55 million in staged cash and equity. The deal is structured as non-dilutive funding,...
AuKing to Acquire High-Grade Tundulu Rare Earths Project in Malawi
Apr 17, 2026
AuKing Mining has agreed to acquire 100% of the Tundulu Rare Earth Elements Project in south-eastern Malawi, a 91.5 square kilometre carbonatite complex regarded as one of the country’s largest and least explored rare earth systems. The proj...
AuKing Mining Expands Share Capital Through Exercise of Options
Apr 14, 2026
AuKing Mining Limited has issued 3,000,000 fully paid ordinary shares following the exercise of an equivalent number of December 2026 options priced at $0.006, expanding its quoted share capital on the Australian Securities Exchange. The company c...
AuKing Mining Seeks ASX Quotation for 3 Million New Shares
Apr 14, 2026
AuKing Mining has applied for quotation on the ASX of 3,000,000 new ordinary fully paid shares, with an issue date of 14 April 2026. The newly quoted securities arise from the exercise or conversion of existing options or other convertible instrum...
AuKing Mining Files Updated Corporate Governance Statement with ASX
Mar 25, 2026
AuKing Mining Ltd has lodged its updated corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 31 December 2025. The governance statement, current as of 25 March 2026 and approved by the board, is ho...
AuKing Mining updates governance statement, flags gaps on diversity targets
Mar 25, 2026
AuKing Mining Ltd has released its updated Corporate Governance Statement as at 25 March 2026, outlining how its board oversees the company in line with the ASX Corporate Governance Principles and Recommendations. The statement confirms compliance...
AuKing Mining Details Corporate Structure in 2025 Annual Report
Mar 25, 2026
AuKing Mining Limited has released its annual financial report for the year ended 31 December 2025, detailing its corporate governance framework and key administrative arrangements. The report highlights the company’s board and management st...
AuKing Mining Issues 310 Million Unquoted Options to Support Future Capital Needs
Mar 24, 2026
AuKing Mining Ltd has notified the market of the issue of 310,000,000 unquoted options, exercisable at $0.005 and expiring on 31 December 2029. The options, which are not intended to be quoted on the ASX, form part of previously announced transact...
AuKing Mining Issues 143 Million Shares to Complete Goldtrace Acquisition
Mar 24, 2026
AuKing Mining has issued 142,857,143 fully paid ordinary shares following shareholder approval at its 10 March 2026 extraordinary general meeting to complete the acquisition of Goldtrace Exploration Pty Ltd. The new shares, which are of a class al...
AuKing Mining Seeks ASX Quotation for 142.9 Million New Shares
Mar 24, 2026
AuKing Mining has applied to the ASX for quotation of 142,857,143 new fully paid ordinary shares, with an issue date of 24 March 2026. The substantial increase in quoted securities is expected to expand the company’s free float and capital b...
AuKing Mining Switches Share Registry Provider to Automic
Mar 20, 2026
AuKing Mining has changed its shareholder registry service provider from MUFG Corporate Markets to Automic Pty Ltd, effective 23 March 2026. The move shifts registry administration to Automic’s Melbourne- and Sydney-based operations, with al...
AuKing Mining grants 50m performance rights to director Peter Tighe
Mar 18, 2026
AuKing Mining Ltd has updated the market on a change in director Peter Tighe’s interests, reflecting the issue of performance-based securities rather than any sale or purchase of existing shares. The announcement confirms that his substantia...
AuKing Mining issues over 450 million unlisted options
Mar 16, 2026
AuKing Mining Ltd has notified the market of the issue of a substantial volume of unquoted equity securities in the form of options. The company has created two new classes of unlisted options, each exercisable at $0.005 and expiring on 31 Decembe...
AuKing Mining Issues Large Tranche of Unquoted Performance Rights and Options
Mar 16, 2026
AuKing Mining has notified the market of the issue of a substantial volume of new unquoted equity securities, including 150,000,000 director performance rights and 142,857,142 unlisted options exercisable at $0.005 and expiring on 31 December 2029...
AuKing Mining Confirms Regulatory Compliance on Major Share Issue
Mar 12, 2026
AuKing Mining has issued 340,428,571 fully paid ordinary shares following shareholder approval at an extraordinary general meeting held on 10 March 2026. The new shares form part of the company’s existing quoted class on the ASX and were iss...
AuKing Mining Seeks ASX Quotation for 142.9 Million New Shares
Mar 12, 2026
AuKing Mining Ltd has applied to the ASX for quotation of 142,857,142 new ordinary fully paid shares, with an issue date of 13 March 2026. The move significantly increases the company’s quoted share base, indicating a substantial capital-rel...
AuKing Mining Seeks ASX Quotation for 197.6 Million New Shares
Mar 12, 2026
AuKing Mining Ltd has applied for quotation on the ASX of 197,571,429 new ordinary fully paid shares, expanding its listed securities base. The new shares, issued on 13 March 2026 under a previously announced transaction, will increase the company...
AuKing Mining plans major equity issuance with options and performance rights
Mar 11, 2026
AuKing Mining has lodged an Appendix 3B with the ASX outlining a proposed issue of new securities, including 142,857,142 fully paid ordinary shares and large tranches of unlisted options and director performance rights. The placement, scheduled fo...
AuKing Wins Shareholder Backing for Major Capital Raising and Tin Acquisition
Mar 9, 2026
AuKing Mining shareholders have approved a broad suite of capital-raising and incentive measures at an extraordinary general meeting, including ratification of a prior share placement and authorization for further share issues and free-attaching o...
AuKing Mining Expands Capital Base With Exercise of Options and New Share Issue
Mar 2, 2026
AuKing Mining Limited has issued 16,666,667 new fully paid ordinary shares following the exercise of an equivalent number of December 2026 options priced at $0.006. The new shares form part of the company’s existing quoted class on the ASX, ...
AuKing Mining Seeks ASX Quotation for 16.7 Million New Shares
Mar 2, 2026
AuKing Mining has applied to the Australian Securities Exchange for the quotation of 16,666,667 new fully paid ordinary shares. The securities, issued on 3 March 2026 following the exercise or conversion of existing instruments, will expand the co...
AuKing Mining Expands Share Capital Through Option Exercise
Feb 24, 2026
AuKing Mining has issued 946,979 fully paid ordinary shares following the exercise of an equivalent number of December 2026 options priced at $0.006, expanding its quoted share capital on the ASX. The company confirmed the shares were issued witho...
AuKing Mining Seeks ASX Quotation for Nearly 947,000 New Shares
Feb 24, 2026
AuKing Mining has applied for quotation on the ASX of 946,979 new fully paid ordinary shares, to be traded under its existing ticker AKN. The new securities, issued on 24 February 2026 following the exercise or conversion of existing instruments, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.