ASTRAL RESOURCES NL — Capital/Financing Update 2021

Dec 8, 2021

AuKing Mining Limited ABN 29 070 859 522

Suite 27, Level 7, 320 Adelaide Street Brisbane QLD 4000 GPO Box 216 Brisbane QLD 4001 Tel: +61 7 3535 1208

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9 December 2021

The Manager Listings Compliance ASX, SYDNEY

RE: COMPLETION OF FIRST EARN-IN MILESTONE

The Board of AuKing Mining Limited (“AKN”) is pleased to advise that AKN has completed the First Earn-in Milestone under their Koongie Park Joint Venture agreement with Anglo Australian Resources NL (“AAR”).

Under the Joint Venture agreement, AKN had the right to acquire a further 25% interest in the Koongie Park project (taking its total interest to 50%) by completing expenditure of $1.5M within a period of 24 months from commencement of the Joint Venture (by 15 June 2023). This milestone has been achieved by AKN by 22 November 2021 - well in advance of the due date. In addition, under the Joint Venture agreement, upon AKN acquiring this interest, the two mining licences (where the Sandiego and Onedin deposits are situated), now form part of the joint venture property.

AKN has notified AAR of its intention to proceed to earn the final 25% interest in the Koongie Park project, by incurring a further $1.5M within the next 12 months.

Drilling activities will continue at the Onedin deposit for the next 10-14 days, with further assay results to be announced as soon as they become available.

This announcement is authorised by:

Paul Williams Chief Executive Officer p.williams@aukingmining.com +61 419 762 487

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