AUKING MINING LIMITED

September 2021 Quarterly Activities Report

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ABN 29 070 859 522

(ASX Code: AKN, AKNO)

AKN is a resource exploration and development company seeking to develop the Koongie Park copper/zinc project in Western Australia.

Issued Capital:

60,289,651 Ordinary shares 17,500,000 Options (30 June 2023 @ 25c each)

19 October 2021

Highlights:

AKN’s initial exploration drilling program of at least 7000m of combined RC and diamond core drilling commenced at the Koongie Park copper/zinc project at the end of July 2021.
First assay results obtained from the drilling program. Highgrade, near surface copper, zinc, silver, and other mineral intersections across all holes drilled, including:

124m @ 1.03% Cu, 1.08% Zn, 1.54% Pb & 50g/t Ag from 8m (hole AOWB003)

20m @ 1.50% Cu, 5.80% Zn, 0.91% Pb & 102g/t Ag from 148m (hole AORC001)
34m @ 0.51% Cu, 1.05% Zn, 0.23% Pb & 8.5g/t Ag from 62m (hole AORC002)

99m @ 0.33% Cu, 0.79% Zn, 0.81% Pb & 20g/t Ag from 18m (hole AORC003)

123m @ 0.39% Cu, 0.59% Zn, 0.96% Pb & 11g/t Ag from 16m (hole AORC004)

Directors:

Dr Mark Elliott Chairman Peter Tighe Non-Executive Director Ian Hodkinson Non-Executive Director Shizhou Yin Non-Executive Director

AKN has also identified several significant intersections of cobalt mineralisation from previous drilling at Koongie Park, at the Sandiego deposit including the following:

14.52m @ 7.33% Cu, 0.8g/t Au & 0.33% Co from 393m (hole SRCD064) including

9.6m @ 9.7% Cu, 1.10g/t Au & 0.49% Co from 394m and including 3.0m @ 11.64% Cu, 1.08g/t Au & 0.96% Co from 399m

Chief Executive Officer:

Paul Williams

Company Secretary:

Paul Marshall

73m @ 4.8% Cu, 7.3% Zn, 70g/t Ag & 0.06% Co from 101m (hole SRC061) including

17m @8.8% Cu, 1.7% Zn, 4.1% Pb, 0.18g/t Au, 198g/t Ag and 0,25% Co from 101m and

7m @ 2.70% Cu, 0.65g/t Au, 3.60% Zn, 53g/t Ag & 0.31% Co from 134m and

AUKING MINING LTD

Suite 27, Level 7, 320 Adelaide Street BRISBANE Q 4000 Ph: +61 7 3535 1208 E: [email protected]

19.9m @ 1.3% Cu, 19.9% Zn, 2.1% Pb, 129g/t Ag, 0.17g/t Au and 0.09% Co from 168m including

2.9m @ 3.42% Cu, 0.4g/t Au, 15.61% Zn, 200g/t Ag & 0.33% Co from 168m (hole SRCD059)

[* See AAR releases to ASX – 23/07/2010 and 30/8/2010 respectively]

Contact:

Paul Williams Chief Executive Officer E:[email protected] Mob: +61 419 762 487

7,500m combined RC and diamond drill program ~ 50% complete. Drilling to continue into late November, with ongoing assays reported until the end of year.

September 2021 Quarterly Activities Report 19 October 2021

The activities of AuKing Mining Limited ( “AKN ” and “ the Company ”) during the three month period to 30 September 2021 are highlighted as follows:

1. Commencement of drilling at Koongie Park

Koongie Park drilling program

AKN commenced its drilling program at the Koongie Park copper/zinc project in later July 2021 and made excellent progress during the September Quarter. Approximately 3,500m of a combined reverse circulation (RC) and diamond drilling have been drilled. The initial focus of drilling was to secure suitable water bore sites for both the Onedin and Sandiego deposit areas. This was followed by the drilling of several RC drill holes and the current focus is now on the deeper diamond drilling operations that are operating on a 24-hour basis. (See photo below of diamond drilling activities at Sandiego).

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The program is expected to continue for another two months into late November/early December, depending on weather conditions. The ongoing drilling program will provide a steady flow of information for the remainder of CY2021.

The drilling program has the following objectives:

Infill drilling at the highly prospective Onedin and Sandiego deposits to improve geological interpretation and resource confidence;
Test potential mineralised extensions, especially at depth;
Obtain fresh samples for further metallurgical testwork – especially from the near-surface oxide and transition ores at Onedin;
Enhance confidence and geological understanding of the extensive amount of previous drilling and exploration data;
Obtain other technical data including geotechnical information and density data; and

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September 2021 Quarterly Activities Report 19 October 2021

Equip most drill holes for follow-up downhole geophysics to assist in identifying possible off-hole conductors for future drill hole targeting.

Initial results overview

Significant Results can be seen below with full results included in the ASX Announcement ‘AuKing intersects 124m of 1.03% Cu at Koongie Park’ of 4 October 2021.

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Figure 1 – Initial Onedin drillhole locations

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September 2021 Quarterly Activities Report 19 October 2021

Hole AOWB003

124m @ 1.03% Cu, 1.08% Zn, 1.54% Pb & 50g/t Ag from 8m including: 23m @ 0.72% Cu, 1.24% Zn, 0.96% Pb & 1g/t Ag from 25m

28m @ 1.12% Cu, 1.17% Zn, 1.50% Pb & 1g/t Ag from 56m 22m @ 2.02% Cu, 0.44% Zn, 0.27% Pb & 63g/t Ag from 92m and 12m @ 1.87% Cu, 3.54% Zn, 8.58% Pb 387g/t Ag & 0.27% Mo from 120m

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Figure 2 – Onedin Cross-section 20040N (hole AOWB003)

This hole was drilled as a proposed water bore hole using RC drilling but was sampled due to its proximity to previously intersected mineralised zones. The results show a 124m continuous near-surface, high-grade zone of > 1% grade copper, lead and zinc mineralisation. Other key features include:

High grade zones of silver mineralisation;

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High-grade zone of molybdenum (Mo) towards the lower end of the hole, despite limited evidence of Mo being assayed from previous activities at Onedin. This result will require further assessment and consideration; and
Hole was terminated at 132m for water bore purposes, but assays indicate significant mineralisation at the end of hole. As a result, existing drill hole AORC005 will be extended by a further 170m in order to attempt to intersect an extension of the mineralisation at further depth.

Hole AORC001

8m @ 0.24% Cu, 1.08% Zn, 0.61% Pb & 3g/t Ag from 28m 23m @0.17% Cu, 0.91% Zn, 0.11% Pb & 2g/t Ag from 44m 8m @ 0.11% Cu, 3.49% Zn, 1.05% Pb & 3g/t Ag from 114m and 20m @ 1.50% Cu, 5.80% Zn, 0.91% Pb & 102g/t Ag from 150m including 7m @ 3.36% Cu, 6.77% Zn, 0.11% Pb & 148g/t Ag from 151m

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Figure 3 – Onedin Cross-section 19930N (hole AORC001)

This hole was primarily designed to infill the existing drilling pattern and ‘close off’ mineralisation on the eastern edge. The results are substantially better than those previously reported in ORC30 20m to the south and ORC24 20m to the north. Immediately north of

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September 2021 Quarterly Activities Report 19 October 2021

AORC001 is lightly drilled territory all the way to the lower grade intersection at the bottom of ORC08, 75m north of ORC24.

Hole AORC002

4m @ 0.21% Cu, 0.37% Zn, 0.92% Pb & 3g/t Ag from 18m 31m @ 0.24% Cu, 1% Zn, 0.62% Pb & 9g/t Ag from 27m including 3m @ 0.60% Cu, 2.29% Zn, 0.95% Pb, 9g/t Ag & 0.04% Mo from 33m 34m @ 0.51% Cu, 1.05% Zn, 0.23% Pb and 8.5g/t Ag from 62m including 2m @ 2.61% Cu, 2.39% Zn, 0.23% Pb & 66g/t Ag from 78m and 6m @ 1.08% Cu, 1.92% Zn, 0.34% Pb & 6g/t Ag from 87m 3m @ 1.51% Cu, 2.44% Zn, 0.39% Pb & 10g/t Ag from 88m

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Figure 4 – Onedin Cross-section 19990N (hole AORC002)

Similar to AORC001, this hole was also directed towards infilling the existing drilling pattern and closing off mineralisation on the eastern edge of the Onedin deposit. As was the case with AORC001, the results for this hole demonstrated that the zone is still significantly mineralised and thereby not closed off. Furthermore, AKN will extend this drillhole by a further 60m with the diamond drilling rig over the coming weeks to test the mineralization at depth.

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September 2021 Quarterly Activities Report 19 October 2021

Hole AORC003

6m @ 0.47% Cu, 0.83% Zn, 1.66% Pb & 1g/t Ag from 0m

5m @ 0.31% Cu, 0.45% Zn, 0.92% Pb & 1g/t Ag from 9m and

99m @ 0.33% Cu, 0.79% Zn, 0.81% Pb & 20g/t Ag from 18m including

9m @ 0.57% Cu, 0.45% Zn, 2.23% Pb, 4g/t Ag from 61m and 12m @ 0.57% Cu, 2.08% Zn, 0.75% Pb & 3g/t Ag from 77m including 4m @ 0.84% Cu, 3.06% Zn, 1.23% pb & 5g/t Ag from 81m

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Figure 5 – Onedin Cross-section 20020N (hole AORC003)

As per holes AORC001 and AORC002, this hole was directed towards infilling the existing drilling pattern and seeking to close off mineralisation on the eastern edge of the Onedin

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September 2021 Quarterly Activities Report 19 October 2021

deposit. However, the continuous mineralised zone on the eastern edge demonstrates that this previously defined eastern edge at Onedin remains open and will require further investigation and drilling.

Hole AORC004

123m @ 0.39% Cu, 0.59% Zn, 0.96% Pb & 11g/t Ag from 16m including
5m @ 0.85% Cu, 0.99% Zn, 0.81% Pb & 21g/t Ag from 73m
5m @ 0.82% Cu, 0.38% Zn, 0.90% Pb & 17g/t Ag from 83m
15m @ 0.72% Cu, 0.51% Zn, 3.21% Pb, 8g/t Ag & 0.17% Mo from 118m
12m @ 0.75% Cu, 0.53% Zn, 3.43% Pb, 9g/t Ag & 0.19% Mo from 119m (>0.1% Mo cut-off grade) and
4m @ 0.12% Cu, 4.14% Zn, 0.11% Pb & 1g/t Ag from 136m (> 2% Zn cut-off grade)

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Figure 6 – Onedin Cross-section 20070N (hole AORC004)

Being located in the upper-central zone of known mineralisation at Onedin, hole AORC004 was designed mostly for infill drilling and resource definition purposes. Identifying a

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September 2021 Quarterly Activities Report 19 October 2021

continuous near-surface zone of mineralisation of more than 120m was beyond expectations but completes the objectives for this hole. The hole also confirms the significant zone of Mo that was intersected at the nearby water bore hole AOWB003.

Initial results summary

The results from AKN’s first five drill holes have exceeded expectations. Highlights include:

Substantial continuously-mineralised intersections of more than 120m with two holes and nearly 100m in a third;
All holes indicating near-surface mineralization, with one hole assaying minerals from surface;
High grades of copper, zinc, lead and silver identified across all holes;
A high-grade zone of molybdenum identified in holes AORC004/AOWB003 at 120m; and
The eastern edge of the Onedin deposit (based on earlier drilling) is still in mineralization and by no means closed off.

These results provide important information that will be incorporated into AKN’s existing understanding of the Onedin resource. With further drilling scheduled for Onedin over the coming months, AKN expects to provide additional information that will be complementary to the results reported above.

2. Significant cobalt intersections identified at Koongie Park

In the course of the preparatory work associated with the proposed metallurgical testwork program, AKN recognised significant zones of cobalt mineralisation that were intersected by drilling carried out more than 10 years ago. All of the identified cobalt intersections are found in previously reported drill holes at the Sandiego deposit. It should be noted however, that no drill holes prior to 2009/2010 were assayed for cobalt, leaving a significant number of those previous holes open to being re-assayed to identify the extent of cobalt present in the mineralisation. Significant intervals include:

Hole SRCD059

19.9m @ 1.3% Cu, 19.9% Zn, 0.17g/t Au, 129g/t Ag & 0.09% Co from 168.1m including 2.9m @ 3.42% Cu, 15.61% Zn, 0.4g/t Au, 200g/t Ag and 0.33% Co from 168.1m

Hole SRCD063

6.0m @ 3.68% Cu, 0.50g/t Au, 10g/t Ag & 0.10% Co from 291m

Hole SRCD064

14.52m @ 7.33% Cu, 0.8g/t Au & 0.34% Co from 393.73m including 9.6m @ 9.7% Cu, 1.10g/t Au & 0.49% Co from 394.5m and 3.0m @ 11.64% Cu, 1.08g/t Au & 0.96% Co from 399m

Hole SRC060

9m @ 2.36% Cu, 0.21g/t Au, 3.70% Zn, 152g/t Ag & 0.23% Co from 111m

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September 2021 Quarterly Activities Report 19 October 2021

Hole SRC061

73m @ 4.8% Cu, 7.3% Zn, 2.1% Pb, 70g/t Ag & 0.06% Co from 101m including 17m @ 8.8% Cu, 1.7% Zn, 4.1% Pb, 198g/t Ag, 0.18g/t Au and 0.25% Co from 101m and 7m @ 5.75% Cu, 0.65g/t Au, 11.95% Zn, 36g/t Ag & 0.13% Co from 134m

Hole SRC062

19m @ 0.77% Cu, 5.64% Zn, 62g/t Ag & 0.11% Co from 130m

[See AAR ASX release 23 July 2010 (Holes SRC060, 061 and 062) and release 30 August 2010 (Holes SRCD059, SRCD063 and SRCD064)]

Previously unreported cobalt intersections from older AAR drill holes identified during the recent analysis by AKN include:

Hole SRCD028A

9m @ 4.19% Cu, 0.38g/t Au, 50g/t Ag & 0.13% Co from 270m

Hole SRCD030

16m @ 4.10% Cu, 1.71g/t Au, 12.04% Zn, 118g/t Ag & 0.11% Co from 208m including 2m @ 2.70% Cu, 0.65g/t Au, 3.60% Zn, 53g/t Ag & 0.31% Co from 219m and 3m @ 1.51% Cu, 1.19g/t Au, 9.53% Zn, 461g/t Ag & 0.28% Co from 232m

Hole SRCD031

35m @ 7.82% Cu, 2.15% Pb, 12.12% Zn, 139g/t Ag & 0.12% Co from 100m including 21m @ 12.40% Cu, 1.35% Pb, 6.80% Zn, 119g/t Ag & 0.18% Co from 100m and 21m @ 7.87% Cu & 0.10% Co from 148m

A close spatial correlation is noted between the high-grade copper mineralisation and the associated cobalt assays, suggesting a genetic relationship. Although a number of the highergrade cobalt intersections are located within the transitional zone, there is no suggestion that the cobalt concentration reflects any kind of supergene enrichment. The true distribution of cobalt in the Sandiego mineralised zone remains unclear due to the absence of cobalt assays in much of the early drilling. Drill collar details (historic cobalt intersections at Sandiego) are included in Appendix 3 and the JORC Table 1 for those results is attached to this Report.

The existence of significant grades of cobalt mineralisation at Sandiego has added a further dimension to the scope of a potential future mining operation at this deposit. This is now possible as a result of the contemporary focus on a high cobalt price and the application of this mineral in the “battery metals” sector – something that was not the case when the above drilling results were originally published. Previous feasibility studies also focussed only on the development of an underground mine at Sandiego. In the event of AKN confirming a significant presence of cobalt within the mineralisation that is nearer to surface, the possible introduction of an open pit operation at Sandiego can be considered.

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September 2021 Quarterly Activities Report 19 October 2021

AKN intends to factor into its future drilling plans at Koongie Park provision to assess the extent of the near-surface mineralisation (including cobalt) at Sandiego.

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Figure 7 – Sandiego long section – significant cobalt intersections

3. Koongie Park Summary

Koongie Park copper/zinc project overview

Koongie Park is situated in north-eastern Western Australia in the highly mineralised Halls Creek region. The Koongie Park project comprises 10 licences (two mining and eight

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exploration) covering an area of over 500km[2] . The asset has existing JORC 2012 resources of 6.8Mt at 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag* .

[* See full resources table in Appendix 2 of this Release and CSA Global Independent Report, AKN Prospectus dated 9 March 2021 ]

Koongie Park remains significantly under explored at depth and along strike and highly prospective for further VMS base metal mineralisation discoveries in the tenement package. The Company has identified multiple drill targets to expand on the existing known resources at both the Sandiego and Onedin deposits. Both deposits remain open at depth and to the south.

Koongie Park Earn-in

In February 2021, AKN entered into an earn-in and joint venture agreement (“JVA”) with Anglo Australian Resources NL (ASX: AAR) providing AKN with the right to earn up to a 75% interest in the Koongie Park project by completing exploration expenditure of $3m over a 3- year period. This expenditure is in addition to the $1m already paid by AKN to secure an initial 25% interest in the JV. The JVA commenced on 15 June 2021 upon AKN’s re-quotation on the ASX.

4. New Licence Application – Tanami Region, WA (“Blondie”)

During the Quarter, AKN lodged an application to the WA DMIRS for the grant of a 20km[2] exploration licence in the Tanami region on the WA/NT border, approximately 190km southeast of Halls Creek and 50kms north of the former Coyote gold mine. The prospect is called “Blondie” and comprises a broad, irregular zone of anomalous copper geochemistry covering an area of approximately 1 km x 1 km. The anomaly coincides with an area of patchy outcrop/subcrop of suspected Stubbins Formation of the Paleo-Proterozoic Tanami Group. Previous exploration in the region has been mostly focussed on identifying gold occurrences.

Steps will be taken by the Company to secure grant of this new exploration licence in the near future, prior to establishing an initial exploration program for the area.

5. ASX Compliance and Disclosures

Exploration Activities (ASX LR 5.3.1)

AKN conducted significant exploration activities during the Quarter with both RC and diamond drilling contractors engaged throughout the period. Total exploration expenditure for the June Quarter was $1,296,000.

Mine Production Activities (ASX LR 5.3.2)

There were no mine production or development activities conducted during the Quarter.

Comparison of Expenditure (ASX LR 5.3.4)

AKN successfully re-listed on the ASX on 15 June 2021. Set out below is a comparison of actual expenditure since reinstatement to ASX Official Quotation against the Proposed Use

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September 2021 Quarterly Activities Report 19 October 2021

of Funds as set out in the Company’s Prospectus dated 9 March 2021, together with an explanation of any material variances.

Use of Funds	Estimate for first 2 years after ASX Re-listing	Actual expenditure post reinstatement on 15 June 2021
Initial Koongie Park payment	$900,000	$900,000
Drilling, metallurgical testwork and other exploration	$2,250,000	$1,467,471
Admin costs and other expenses	$900,000	$482,932
Employment and Consultant costs	$800,000	$247,561
Repayment of Tighe Loan	$150,000	$150,000
Brokerage fees associated with public offer	$600,000	$600,402
Public offer costs (excl brokerage)	$400,000	$496,421
Total Expenditure	$6,000,000	$4,344,788

AKN is significantly exceeding its initial project budget expenditure associated with exploration activities at Koongie Park due to several factors, including the following:

(a) (as advised previously), due to AKN raising an additional $1M in subscriptions under the 9 March 2021 prospectus, a more aggressive approach was taken towards the size and scope of the current drilling program;
(b) There is extensive demand for exploration contractors (drilling, excavation and assaying in particular) in the WA resources sector – resulting in very tight availability for these firms and the necessity to accept commercial terms in order to have work undertaken;
(c) Similarly, demand for experienced geological and exploration personnel is very high - due not only to the busy WA resources sector, but also limitations on personnel being able to access WA due to ongoing border and travel restrictions. This demand has created a very competitive market for these personnel and impacted commercial rates accordingly; and
(d) Halls Creek, while situated on the National Highway, is still remote from the perspective of securing and transporting consumables for exploration activities – adding costs that were not initially contemplated in the program budget process.

6. Corporate Information

Financial Reports

The Company lodged its audit-reviewed financial report and statements for the half-year ended 30 June 2021 with ASX on 11 August 2021.

Annual General Meeting

The Company held its 2021 annual general meeting of shareholders on Friday, 30 July 2021 and all resolutions were passed with substantial majorities.

Related Party Payments

During the September 2021 Quarter, AKN paid a total of $40,739 to related parties and their associated entities, representing director fees.

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Board and Senior Management

Dr Mark Elliott, Non-Executive Chairman Mr Paul Williams, Chief Executive Officer Mr Peter Tighe, Non-Executive Director Mr Ian Hodkinson, Non-Executive Director Mr Shizhou Yin, Non-Executive Director Mr Paul Marshall, CFO and Company Secretary

Financial Position

As at 30 September 2021, AKN had cash reserves of $2,649,025. Further details of AKN’s financial activities during the September 2021 quarter are set out in the Appendix 5B Quarterly Cashflow Statement which accompanies this Report.

Share Information

Issued share capital of 60,289,651 ordinary shares and 17,500,000 options to subscribe for ordinary AKN shares at an exercise price of 25c each and exercisable on or before 30 June 2023. Market capitalisation – as at the date of this Report, the Company’s market capitalisation was $13.6M (@22.5c per share).

Top 10 shareholders of AKN as 30 September 2021:

Rank	Name	Number of Shares	%
1	Bienitial International Industrial Co Ltd#	9,245,092	15.33
2	Mr Pavle Tomasevic	2,450,000	4.06
3	Mr Peter Gerard Tighe & Mrs Patricia Joan Tighe Peter Tighe Super Fund A/c>	1,883,500	3.12
4	Yunnan Copper Industry (Group)Co., Ltd	1,499,612	2.49
5	N&M Greenhalgh Nominees Pty Ltd Super Fund>	1,333,334	2.21
6	JHB Super Investments Pty Ltd Fund>	1,134,074	1.88
7	Mr Paul R Williams	1,116,195	1.85
8	Syracuse Capital PtyLtd	1,093,371	1.81
9	Emandel Super PtyLtd	910,000	1.51
10	Alitime Nominees PtyLtd	909,229	1.51
TOTAL		21,574,407	35.78

#Denotes Substantial Shareholder

Other Details

Head Office Level 7, Suite 27 320 Adelaide Street Brisbane Q 4000 Phone: +61 7 3535 1208 Website: www.aukingmining.com

Share Registry Link Market Services Limited Level 12, 300 Queen Street Brisbane Q 4000 Phone: 1300 554 474

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This announcement is authorised by the Board:

Paul Williams Chief Executive Officer [email protected] +61 419 762 487

Competent Persons’ Statements

The information in this report that relates to exploration results at the Koongie Park Project (both current and historic) is based on information compiled by Mr Ian Hodkinson who is a member of the Australian Institute of Geoscientists and the Society for Geology Applied to Mineral Deposits. Mr Hodkinson is a non-executive director of AuKing Mining Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Hodkinson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Mineral Resources at the Koongie Park Project is based on information compiled by Mr David Williams who is a member of the Australian Institute of Geoscientists. Mr Williams is a Principal Consultant Geologist (Brisbane) of CSA Global and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr Williams consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information relating to the Mineral Resources at the Koongie Park Project is extracted from the Independent Technical Report of CSA Global (the CSA Global Report), which is included in the Company’s Prospectus that is dated 9 March 2021 and which was lodged with ASIC on the same date.

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September 2021 Quarterly Activities Report 19 October 2021

APPENDIX 1 - AKN’s mining tenement interests

Project/Location	Tenement Reference	Current Holder	AKN % Interest	Comment
WESTERN AUSTRALIA
Koongie Park, Halls Creek	E80/ 4389	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	E80/ 4766	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	E80/ 4957 (Emull)	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	E80/ 4960	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	E80/ 5076	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	E80/ 5087	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	E80/ 5127	Anglo Australian Resources NL	25	Refer Note 1 and 3
Koongie Park, Halls Creek	E80/ 5263	Anglo Australian Resources NL	25	Refer Note 1
Koongie Park, Halls Creek	M80/ 276 (Sandiego)	Anglo Australian Resources NL	Refer Note 2
Koongie Park, Halls Creek	M80/ 277 (Onedin)	Anglo Australian Resources NL	Refer Note 2
Koongie Park, Halls Creek	E80/5707	Koongie Park Pty Ltd	25	Refer Note 4
Koongie Park, Halls Creek	P80/ 1878	Koongie Park Pty Ltd	25	Refer Note 4
Koongie Park, Halls Creek	P80/ 1879	Koongie Park Pty Ltd	25	Refer Note 4
Koongie Park, Halls Creek	P80/ 1880	Koongie Park Pty Ltd	25	Refer Note 4
Koongie Park, Halls Creek	P80/ 1881	Koongie Park Pty Ltd	25	Refer Note 4
Koongie Park, Halls Creek	P80/ 1882	Koongie Park Pty Ltd	25	Refer Note 4
Tanami Region	E80/ 5688 (Blondie)	AKN (Koongie Park) Pty Ltd	100	Refer Note 5

Notes:

1. AKN has acquired an initial 25% interest in the Koongie Park Joint Venture, which has been established by an agreement dated 8 February 2021. The Joint Venture is based on each of the Exploration Licences set out above.

2. The two Mining Licences are not to be incorporated into the Koongie Park Joint Venture until AKN has completed the first earn-in milestone of $1.5M in expenditure over a 24 month period. The Joint Venture provides for AKN to have access to these Mining Licence areas immediately for the purpose of exploration and development activities.

3. Former Prospecting Licences P80/1802 and 1803 have been amalgamated into the area of E 80/ 5127.

4. Each of these tenures are pending grant by the WA DMIRS. In addition, Koongie Park Pty Ltd is a wholly-owned subsidiary of Anglo Australian Resources NL.

5. This tenure is also pending grant by the WA DMIRS.

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APPENDIX 2 – Koongie Park resource estimate

In the CSA Global Report, a full combined Mineral resource estimate for the Koongie Park project deposits is as follows:

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[Note: CSA Global cautions that the two deposits and three oxidation zones have different metallurgical properties and/or cut-off grades, and this needs to be considered when assessing the combined totals]

APPENDIX 3 – Drill collar details (historic Cobalt intersections at Sandiego)

Hole No.	MGA52 Easting	MGA52 Northing	RL (m)	Hole Depth (m)	Hole Dip (°)	Azimuth MGA (°)	Drill Type
SRC060	339,725.5	7,968,371.1	423.0	204.0	-60.0	115.8	RC
SRC061	339,731.9	7,968,390.4	424.0	200.0	-58.0	115.8	RC
SRC062	339,728.6	7,968,432.8	424.0	204.0	-55.0	115.8	RC
SRCD028A	339,648.0	7,968,340.9	418.5	360.7	-60.0	109.8	RC/Diamond
SRCD030	339,650.8	7,968,382.6	418.7	357.7	-60.0	115.8	RC/Diamond
SRCD031	339,750.8	7,968,427.1	425.3	224.0	-60.0	115.8	RC/Diamond
SRCD059	339,707.8	7,968,378.9	421.0	276.0	-58.0	115.8	RC/Diamond
SRCD063	339,999.6	7,968,316.0	419.0	346.7	-60.0	295.8	RC/Diamond
SRCD064	340,050.1	7,968,293.9	418.0	450.6	-60.0	295.8	RC/Diamond

Page 17

JORC Code, 2012 Edition – Table 1 (Sandiego cobalt results)

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling	• Nature and quality of sampling (e.g., cut channels, random chips, or	NQ diamond core samples were half cored prior to submission to the
techniques	specific specialised industry standard measurement tools appropriate	analytical laboratory. Reverse circulation (RC) drilling was used to obtain
	to the minerals under investigation, such as down hole gamma	1 m samples, which were reduced in size to produce a sample of
	sondes, or handheld XRF instruments, etc.). These examples should	approximately 1–2 kg in weight, which were ticketed prior to dispatch to
	not be taken as limiting the broad meaning of sampling.	the analytical laboratory. No further discussions surrounding RC drilling
	• Include reference to measures taken to ensure sample representivity	were documented by the previous operators of the Koongie Park project.
	and the appropriate calibration of any measurement tools or systems	It is assumed RC drilling and sampling were carried out in accordance
	used.	with industry standards at the time of drilling. The Competent Person
	• Aspects of the determination of mineralisation that are Material to the	considers the diamond core and RC sampling methods to be appropriate
	Public Report.	for the style of mineralisation.
	• In cases where ‘industry standard’ work has been done this would be
	relatively simple (e.g., ‘reverse circulation drilling was used to obtain 1
	m samples from which 3 kg was pulverised to produce a 30 g charge
	for fire assay’). In other cases more explanation may be required,
	such as where there is coarse gold that has inherent sampling
	problems. Unusual commodities or mineralisation types (e.g.,
	submarine nodules) may warrant disclosure of detailed information.
Drilling	• Drill type (e.g., core, reverse circulation, open-hole hammer, rotary air	Diamond drillholes at Sandiego were either HQ or NQ diameter. The
techniques	blast, auger, Bangka, sonic, etc.) and details (e.g., core diameter,	Competent Person considers the diamond core and RC drilling
	triple or standard tube, depth of diamond tails, face-sampling bit or	techniques to be appropriate for the style of mineralisation.
	other type, whether core is oriented and if so, by what method, etc.).
Drill sample	• Method of recording and assessing core and chip sample recoveries	No documentation has been located regarding sample recoveries for the
recovery	and results assessed.	RC drilling. Diamond core recovery was generally excellent. With high
	• Measures taken to maximise sample recovery and ensure	recovery, the relationship between recovery and grade was not an issue.
	representative nature of the samples.	The Competent Person considers the level of sample recoveries to be
	• Whether a relationship exists between sample recovery and grade	appropriate for supporting the assay results included in the Report.
	and whether sample bias may have occurred due to preferential
	loss/gain of fine/coarse material.
Logging	• Whether core and chip samples have been geologically and	RC chip samples were geologically logged to a level of detail sufficient to
	geotechnically logged to a level of detail to support appropriate	support the assay results in the Report. All diamond drill core sampled
		upto 2006 was relogged bya single,experiencedgeologist to ensure

Criteria	JORC Code explanation	Commentary
	Mineral Resource estimation, mining studies and metallurgical	consistency in the geological logging. The same geological logging
	studies.	template was used for subsequent diamond drilling up until the
	• Whether logging is qualitative or quantitative in nature. Core (or	preparation of the 2009 Mineral Resource estimate. Photographs of all
	costean, channel, etc.) photography.	core were taken. The Competent Person considers the geological
	• The total length and percentage of the relevant intersections logged.	logging procedures to be appropriate for the style of mineralisation
Sub-sampling	• If core, whether cut or sawn and whether quarter, half or all core	Diamond core was cut in half using a diamond saw, with one half of the
techniques	taken.	sample bagged for transportation to the analytical laboratory. No
and sample	• If non-core, whether riffled, tube sampled, rotary split, etc. and	documentation is available regarding the sampling of RC drillholes. It is
preparation	whether sampled wet or dry.	assumed that procedures adopted were to industry standard at the time
	• For all sample types, the nature, quality and appropriateness of the	of drilling. The sampling techniques are considered to be appropriate
	sample preparation technique.	such that the samples could be used to support the Mineral Resource
	• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.	estimate. Field duplicates were not utilised for the RC drilling. Sample sizes are considered appropriate to the grain size of the material being sampled. The Competent Person considers the sampling preparation techniques and sample sizes are considered appropriate to the grain size of the material being sampled.
	• Whether sample sizes are appropriate to the grain size of the material
	being sampled.
Quality of	• The nature, quality and appropriateness of the assaying and	Diamond drill core and RC chip samples were submitted to Genalysis
assay data	laboratory procedures used and whether the technique is considered	Laboratory Services in Perth, Western Australia. Each sample was
and	partial or total.	analysed for gold, silver, copper, lead, zinc, barium, arsenic, bismuth,
laboratory	• For geophysical tools, spectrometers, handheld XRF instruments,	antimony, nickel, cobalt, iron and magnesium. Ore grade samples were
tests	etc., the parameters used in determining the analysis including	subjected to a modified four-acid (HF, HNO3, HClO3, HCl) digest
	instrument make and model, reading times, calibrations factors	followed by optical emission spectroscopy (OES) analysis for all
	applied and their derivation,	elements excluding gold. Gold was analysed by Fire Assay with atomic
	• Nature of quality control procedures adopted (e.g., standards, blanks,	absorption spectroscopy finish (AAS) using a 50 g charge. This
	duplicates, external laboratory checks) and whether acceptable levels	technique is considered total. Samples without visible mineralisation
	of accuracy (i.e. lack of bias) and precision have been established.	were treated by a normal four-acid (HF, HNO3, HClO3, HCl) digest
		followed by OES analysis for all elements excluding gold. These samples
		were analysed for gold by aqua regia digest of a 50 g charge followed by
		solvent extraction and flame AAS (Code B5/SAAS). Quality control (QC)
		procedures utilised included certified reference materials (CRMs, or
		“standards”) and blanks. Field duplicates were not taken during the
		sampling programs. The standards have performed well over time,
		providing a good indication of laboratory precision and accuracy during
		the analyses of the Sandiego samples. The Competent Person considers
		the analytical techniques used and theQCprotocols and results to be

Criteria	JORC Code explanation	Commentary
		appropriate for the style of mineralisation and support the assay results
		included in the Report.
Verification of	• The verification of significant intersections by either independent or	Significant intercepts were verified by independent geologists from CSA
sampling and	alternative company personnel.	Global during the 2006 drilling and relogging program, and by senior
assaying	• The use of twinned holes.	Anglo Australian Resources NL (AAR) geological personnel. Twin drilling
	• Documentation of primary data, data entry procedures, data	was not used. CSA Global managed the drillhole database during the
	verification, data storage (physical and electronic) protocols.	2006 drilling and relogging program and imported all assays into a
	• Discuss any adjustment to assay data.	secure relational database. CSA Global procedures were followed regarding data entry and storage. No adjustments were made to assay
		data. The Competent Person considers the data verification work carried
		out was sufficient to support the assay results included in the Report.
Location of	• Accuracy and quality of surveys used to locate drill holes (collar and	Drillhole collars were surveyed by licensed surveyors using a differential
data points	down-hole surveys), trenches, mine workings and other locations	global positioning system (GPS). Historical holes were surveyed in
	used in Mineral Resource estimation.	Australian Map Grid (AMG) and these collars were later translated to
	• Specification of the grid system used.	GDA. All holes were translated to a local mine grid using a two-point
	• Quality and adequacy of topographic control.	transformation. A topographic digital terrain model (DTM) was
		constructed using contour data derived from aerial photography flown in
		November 2007, with a horizontal spatial accuracy of 4 cm and vertical
		accuracy of 3 cm. The DTM is considered of adequate quality to support
		the Mineral Resource estimate. The Competent Person considers the
		survey work carried out was sufficient to support the assay results
		included in the Report.
Data spacing	• Data spacing for reporting of Exploration Results.	Drillholes are mostly orientated along an east-west line, with holes
and	• Whether the data spacing and distribution is sufficient to establish the	spaced between 25 m and 50 m along strike (north-south) and spaced
distribution	degree of geological and grade continuity appropriate for the Mineral	25 m along the drill line. Drillhole spacing is considered sufficient to
	Resource and Ore Reserve estimation procedure(s) and	establish the degree of geological and grade continuity appropriate for
	classifications applied.	the Mineral Resource estimation procedures and classifications applied.
	• Whether sample compositing has been applied.	Drillholes were not composited prior to geological modelling or Mineral
		Resource estimation.
Orientation of	• Whether the orientation of sampling achieves unbiased sampling of	The orientation of the drillholes is orthogonal to the strike of
data in	possible structures and the extent to which this is known, considering	mineralisation and limits the amount of bias in drill sampling as much as
relation to	the deposit type.	possible. The Competent Person considers the orientation of drillholes
geological	• If the relationship between the drilling orientation and the orientation	with respect to the attitude of the lithologies and/or structures hosting
structure	of key mineralised structures is considered to have introduced a	mineralisation was sufficient to support the assay results included in the
	sampling bias, this should be assessed and reported if material.	Report.

Criteria	JORC Code explanation	Commentary
Sample	• The measures taken to ensure sample security.	Following the sampling procedures carried out at the drill site, the
security		samples were transported by company personnel to the project sample
		yard in Halls Creek, where the diamond core samples were prepared,
		and all samples bagged and ticketed. All samples were placed in large
		poly-weave bags for road transportation to the analytical laboratory in
		Perth by a local courier service. The Competent Person considers the
		security of sample data through the sampling and analytical processes
		was sufficient to support the assay results included in the Report
Audits or	• The results of any audits or reviews of sampling techniques and data.	All historical drill samples were geologically relogged in 2006 by CSA
reviews		Global personnel, to remove inconsistencies in logging as had been
		noted by AAR personnel. No reviews are known to have been carried out
		for sampling procedures. The Competent Person was provided a level of
		comfort following a review of reports compiled during the time of drilling
		and sample analyses.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	• Type, reference name/number, location and ownership including	Sandiego is located wholly within M80/276. The Mining Licence is located
tenement and	agreements or material issues with third parties such as joint	25km southwest of Halls Creek township near the Great Northern Highway
land tenure	ventures, partnerships, overriding royalties, native title interests,	and 312km south-southwest of Kununurra, WA.
status	historical sites, wilderness or national park and environmental settings.	The tenement is in good standing.
	• The security of the tenure held at the time of reporting along with any	AKN’s joint venture with AAR in respect of the group of tenures called
	known impediments to obtaining a licence to operate in the area.	“Koongie Park” commenced in June 2021. The primary mineral assets, the
		Onedin and Sandiego copper-zinc-gold-silver deposits lie within the
		granted mining leases M80/277 and M80/276 respectively. These tenures
		expire in 2031.
		Both mining licences M80/277 and M80/276 were granted in 1989 and
		therefore prior to the Native Title Act 1993 (“NTA”). The Koongie-Elvire
		Native Title Claim WC 1999/040 was also registered after grant of the
		mining licences and they are not subject to the future act provisions
		under the NTA.

Criteria	JORC Code explanation	Commentary
Exploration	• Acknowledgment and appraisal of exploration by other parties.	The Koongie Park project area has been explored for base and precious
done by other		metals on an intermittent basis since 1972. In 1972–1977, Kennecott
parties		pegged tenements over known copper-lead-zinc gossans as part of its
		Gordon Downs 3 project. Work included geological and structural
		mapping, rock chip and soil sampling, diamond and percussion drilling.
		This work outlined significant base metal mineralisation hosted by chert,
		banded iron formations and carbonate rich assemblages at Onedin,
		Sandiego, Hanging Tree and Gosford. Drilling immediately followed at
		these four prospects, with 29 RC holes with diamond tails, with the most
		significant deposit defined from this work at Sandiego. During 1978–
		1979, Newmont continued testing the known mineralisation, using
		extensive trenching, percussion and diamond drilling, detailed
		geophysics including ground magnetic surveys and low-level
		aeromagnetic surveys, which failed to locate significant extensions of the
		mineralisation in the known prospects. In 1980, North Broken Hill
		concentrated on testing the supergene enriched zone at the base at
		Sandiego. In 1983–1988, Asarco Australia Ltd carried out rotary air blast
		(RAB) drilling in the Mimosa sub-member, along strike of the known
		mineralisation, locating several significant geochemical anomalies,
		although not of sufficient grade to support a Mineral Resource estimate.
		The drilling was to fixed depth and only the bottom of the hole was
		sampled. Asarco also completed limited work on the supergene gold and
		base metal potential at Sandiego. This work indicated a resource at
		Sandiego of 0.33 Mt of supergene ore at 6.7% Cu and 288 g/t Ag and
		4.3 Mt of primary ore grading 0.5% Cu, 0.8% Pb, 7.9% Zn and 31 g/t Ag.
		Limited testing was undertaken for gold in the sulphide deposits. In
		1988–1989, BP Minerals and RTZ Mining went into a joint venture (JV)
		with Asarco and continued testing the gold potential by re-assaying split
		core samples for gold, which did not identify any significant base metal
		mineralisation. RTZ Mining sold the property to AAR in 1989. In 1989–
		1994, Billiton Australia and AAR identified extensions of known
		mineralisation at Onedin. Billiton carried out a broad-based exploration
		program including limited RC and diamond drilling. A grade-tonnage
		estimate for the Onedin prospect was prepared, for 1 Mt @ 11% Zn, 1%
		Cu and 1% Pb.
		In 1995–2002, Lachlan Resources and AAR concentrated on identifying
		shallow resources at Sandiego and Onedin with percussion and diamond
		drilling programmes. Two polygonal Mineral Resources were estimated
		for Sandiego in 1996 and 1997. AAR was sole tenure holder of the

Criteria	JORC Code explanation	Commentary
		properties between 2002 and 2020. AAR drilled 245 RC and diamond
		drillholes encompassing 50,417 m, focusing on Mineral Resource,
		metallurgical and geotechnical drilling at the Sandiego and Onedin base
		metal deposits. Since 2011, AAR has focused on gold exploration, with
		little exploration for base metals occurring on the property. The
		Competent Person considers the historical work incrementally over time
		built up an understanding of the geological characteristics of the deposit,
		and all historical work provides useful information.
Geology	• Deposit type, geological setting and style of mineralisation.	Rocks of the Koongie Park property are assigned to the Lamboo
		Province, of Palaeoproterozoic age (1910–1805 Ma), which formed
		within the northwest trending Halls Creek Orogen. The Central Zone of
		the Lamboo Province comprises turbiditic metasedimentary and mafic
		volcanic and volcaniclastic rocks of the Tickalara Metamorphics,
		deposited by 1865 Ma. These rocks were intruded by tonalitic sheets and
		deformed and metamorphosed between 1865–1856 Ma and 1850– 1845
		Ma. A younger succession of rocks comprising the sedimentary rocks
		and mafic and felsic volcanic rocks of the Koongie Park Formation (KPF)
		were deposited in a possible rifted arc setting at around 1843 Ma.
		Layered mafic–ultramafic bodies were intruded into the Central Zone at
		1856 Ma, 1845 Ma and 1830 Ma. Large volumes of granite and gabbro
		of the Sally Downs Supersuite intruded the Central Zone during the Halls
		Creek Orogeny at 1835–1805 Ma. Researchers interpret the Central
		Zone to be an arc-like domain developed on a continental fragment. The
		KPF within the Koongie Park property is broadly characterised as
		metamorphosed low-grade composed of mafic and felsic volcanic and
		associated sedimentary facies including sandstone, mudstone,
		carbonate, chert and ironstone intruded by rhyolitic to rhyodacitic sills,
		dolerite bodies and basalt dykes. The KPF hosts numerous base metal
		occurrences and two significant base metal deposits. The upper unit of
		the KPF composes felsic volcanic units, carbonate, ironstone, chert,
		mudstone, quartz-bearing volcaniclastic beds and lithic sandstone.
		Currently known base metal prospects are concentrated in the upper
		KPF at Koongie Park (i.e. the trend which includes Sandiego and Onedin
		deposits). Both the Sandiego and Onedin deposits are situated within the
		limbs of intensely folded, higher order, double-plunging anticlinal
		structures that have been interpreted from magnetic images. The axial
		planes of the fold structures appear to be upright to south-southeast
		dipping. They trend northeast, sub-parallel to the regional transcurrent
		and anastomosingfault systems that dominate the Halls Creek Orogen.

Criteria	JORC Code explanation	Commentary
		The massive sulphide deposits of Koongie Park have been traditionally
		classified as volcanogenic massive sulphide (VMS) deposits. A PhD
		study concluded in 2002 proposed that the best model for the base metal
		occurrence is as a sub-horizontal basin floor replacement VMS. CSA
		Global concurs and considers the weight of evidence supports their
		interpretation as VMS deposits. Thus, the deposits are interpreted to
		have been formed around the time of deposition of the host volcanic and
		sedimentary strata in which they are bound and generally in bedding
		parallel lenses. Hydrothermal fluids associated with volcanic activity is
		interpreted to have been the source of the metals and other constituents
		of the mineralisation. The mineralogy of the primary mineralisation at
		Sandiego is pyrite-sphalerite-pyrrhotite-chalcopyrite ± galena which is
		largely hosted in the magnetite-rich exhalative suite of rocks where it
		occurs as a massive conformable wedge-shaped lens 200 m in length
		with a maximum thickness of 75 m. Weak to moderate sulphide vein and
		stringer mineralisation occur at the base of the exhalite package in the
		underlying tuffs. Mineralisation is relatively rare in the carbonate zone but
		may extend into the talc-chlorite schists. Overall, there is poor spatial
		correlation between copper and zinc mineralisation at Sandiego.
		Moreover, discrete zinc-rich and copper-rich zones have been identified
		from core logging and assay results in the vertical dimension (Elliott et
		al., 2006). Supergene mineralisation at Sandiego is poorly developed
		although a supergene copper Mineral Resource is reported. The KPF
		exhibits a deep weathered profile at Sandiego, resulting in three
		weathering domains – oxidised zone at surface, primary zone at depth,
		and the transition zone in between. Each zone has very different mineral
		assemblages and consequently very different metallurgical properties.
		Supergene mineralisation at Sandiego is well developed although the
		bulk of the deposit located in the transition and primary zones. Significant
		supergene enrichment of copper has occurred with a range of secondary
		copper minerals present: malachite, chrysocolla, bornite, covellite,
		chalcocite, cuprite, digenite and native copper. Localised occurrences of
		secondary zinc are also present in the form of smithsonite; however, zinc
		is generally depleted in the oxide zone.
Drill hole	• A summary of all information material to the understanding of the	A full table of drill collar details relating to the information in the body of
Information	exploration results including a tabulation of the following information	the release has been included – refer to_Appendix 3: Drill collar details._
	for all Material drill holes: `o` easting and northing of the drill hole collar	The reported intersections are listed in body of the Report.
	`o` elevation or RL(Reduced Level – elevation above sea level in

Criteria	JORC Code explanation	Commentary
	metres) of the drill hole collar
	`o` dip and azimuth of the hole
	`o` down hole length and interception depth
	`o` hole length.
	• If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from
	the understanding of the report, the Competent Person should clearly
	explain why this is the case.
Data	• In reporting Exploration Results, weighting averaging techniques,	Length weighted averages are reported in the highlights and body of the
aggregation methods	maximum and/or minimum grade truncations (e.g., cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade	announcement. Previously reported (AAR) intersections were primarily based on a cut-off grade of 0.5% Cu lower cut with 12m maximum internal waste. All intervals reported are downhole intervals.
	results and longer lengths of low-grade results, the procedure used	Previously unreported, elevated Co intersections within the
	for such aggregation should be stated and some typical examples of	accompanying release are based on a 0.1% Co cut-off grade with a
	such aggregations should be shown in detail.	maximum of 2m internal waste.
	• The assumptions used for any reporting of metal equivalent values should be clearly stated.	Length weighted averages have been applied where necessary to calculate composite intervals. Calculations were performed in excel
		using the sumproduct function to calculate the length weighted average
		grades.
		No metal equivalents are reported.
		No top cutting of data or grades has been undertaken by either AAR or
		AKN.
		Appropriate rounding of results has been applied.
Relationship	• These relationships are particularly important in the reporting of	The orientation of the drillholes is generally orthogonal to the strike of the
between	Exploration Results.	mineralisation and thus limits the amount of bias in drill sampling as
mineralisation	• If the geometry of the mineralisation with respect to the drill hole	much as possible.
widths and intercept lengths	angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g., ‘down hole length, true width not known’).	All intersections are reported as downhole lengths. Based on the current structural interpretation, which indicates that the Sandiego mineralised zone is steeply dipping, intersections are necessarily somewhat oblique to the mineralised zone.
Diagrams	• Appropriate maps and sections (with scales) and tabulations of	A long section of the Sandiego deposit showing the location of the
	intercepts should be included for any significant discovery being	reported intersections is presented in the body of the Report.
	reported These should include, but not be limited to a plan view of
	drill hole collar locations and appropriate sectional views.

Criteria	JORC Code explanation	Commentary
Balanced	• Where comprehensive reporting of all Exploration Results is not	All information has been reported.
reporting	practicable, representative reporting of both low and high grades
	and/or widths should be practiced to avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and material, should be reported	No other exploration data is considered meaningful and material to this
substantive	including (but not limited to): geological observations; geophysical	announcement
exploration	survey results; geochemical survey results; bulk samples – size and
data	method of treatment; metallurgical test results; bulk density,
	groundwater, geotechnical and rock characteristics; potential
	deleterious or contaminating substances.
Further work	• The nature and scale of planned further work (e.g., tests for lateral	Extensional drilling along strike, up and down dip is scheduled to be
	extensions or depth extensions or large-scale step-out drilling).	completed. Further drilling to follow up the earlier Co results will also be
	• Diagrams clearly highlighting the areas of possible extensions,	planned.
	including the main geological interpretations and future drilling areas,
	provided this information is not commercially sensitive.

AI assistant

AUKING MINING LIMITED — Interim / Quarterly Report 2021

64355_rns_2021-10-18_f463cd3a-b5f4-48a4-9702-b8becc6c128a.pdf