Announcement PDF AUKING MINING LIMITED ABN 29 070 859 522 Suite 34, Level 10, 320 Adelaide Street, Brisbane Queensland 4000 P 07 3535 1208 W www.aukingmining.com ASX:AKN Page 1 of 12 ASX ANNOUNCEMENT 22 October 2026 Quarterly Activities Report Ending 30 September 2026 Building strong momentum from high-grade initial results atTundulu, strengthening Malawi exploration portfolio and adding aGreenlandniobium project opportunity. Key Highlights • AuKing’s proposed 15,000m drilling program at the Tundulu Rare Earths Project progressed well during the Quarter, with more than 5,000m of combined reverse circulation (RC) and diamond drilling completed. Wide intervals of high-grade rare earth element (REE) mineralisation have been reported from initial assay results including:1 : 26NH005 - 91m @ 1.51% TREO from 40m Including 43m @ 2.00% TREO from 77m Including 15m @ 3.40% TREO from 90m 26NH029 - 80m @ 1.54% TREO from surface Including 30m @ 2.00% TREO from surface Including 11m @ 4.33% TREO from 2m Including 26m @ 2.03% TREO from 53m • Outstanding mineralisation along the western margin has expanded the known mineralised footprint at Nathace Hill, providing further evidence that the rare earth system extends laterally beyond the areas targeted by the initial RC drilling. Significant intercepts include1 : 26NH011 - 72m @ 1.51% TREO from surface Including 50m @ 2.03% TREO from surface Including 20m @ 4.26% TREO from surface 26NH002 - 22m @ 1.50% TREO from surface Including 8m @ 3.39% TREO from 2m Including 8m @ 2.09% TREO from 32m • Latest assays from Tundulu drilling have confirmed significant TREO mineralisation across multiple areas of Nathace Hill (western, north-east, and south-west), further strengthening the emerging scale of the carbonatite system1 . • Diamond drilling in two holes (26NH023 and 26NH032) extended well beyond their planned depths of 300m, reaching 400m and 510m respectively, with assay results expected within four 1 See ASX Releases dated 14 September, 21 September and 9 October 2026 respectively. Page 2 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com to six weeks. Planning also underway to drill a 1,000m diamond drill hole beneath the Nathace Hill target area. • Unusually high heavy rare earth enrichment at Tundulu, with elevated HREE+Y proportions representing a highly distinctive rare earth signature that distinguishes Tundulu from conventional carbonatite-hosted deposits. This quality is demonstrated by thick intervals of uniquely high HREO/TREO enrichment including2 : 26NH005 - 8m @ 16.09% HREE+Y/ TREO from 68m, 7m @ 12.75% HREE+Y/ TREO from 80m, and 6m @ 8.88% HREE+Y/ TREO from 120m 26NH029 - 42m @ 11.46% HREE+Y/TREO from 13m, 4m @ 9.45% HREE+Y/ TREO from 60m and 12m @ 8.54% HREE+Y/ TREO from 68m. • AuKing entered into an agreement to acquire the Machinga Heavy Rare Earths Project in south- eastern Malawi, located 40km east of Lindian Resources’ Kangankunde Project. Machinga comprises a 200.4km² area across two exploration licences within an emerging rare earths district. Historical drilling results indicate exceptional heavy rare earth enrichment, with an average HREO content of approximately 28–30%, comparable to or exceeding many ionic clay deposits, while delivering hard-rock grades of approximately 0.6–1.4% TREO, more than 10 times higher than the typical ~0.05–0.08% TREO grades mined from ionic clay deposits3 . • AuKing secured an agreement with GBA Capital Pty Ltd (GBA) to fully underwrite the exercise of the Company’s unlisted options, exercisable at $0.03 each and expiring at 5.00pm (AEST) on 30 April 2027. The agreement represents an underwriting amount of approximately $9.14 million in potential option exercise proceeds. Subsequent to the Quarter • On 13 October 2026, AuKing announced a binding earn-in agreement to acquire up to a 75% interest in the Qeqertaasaq Niobium and Rare Earths Project in western Greenland. Exceptional niobium results from historical shallow scout holes in 1975 (average depth <10m), include4 17636 - 15.9m @ 0.80% Nb2O5 from 3.6m  Including 12.69m @ 1.04% Nb2O5 from 3.6m 17629 - 10.4m @ 1.29% Nb2O5 from 1.9m 17584 - 5.22m @ 2.73% Nb2O5 from 4.15m 17622 - 9.67m @ 0.50% Nb2O5 from 4.78m  Including - 5.26m @ 0.80% Nb2O5 from 6.57m 2 See ASX Release dated 14 September 2026 3 See ASX Release dated 4 August 2026. The Company is not aware of any new information or data that materially affects the information that was included in the ASX announcement dated 4 August 2026. 4 See ASX Release dated 13 October 2026. The Company is not aware of any new information or data that materially affects the information that was included in the ASX announcement dated 13 October 2026. Page 3 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com • Qeqertaasaq’s shallow historical niobium grades compare favourably with those mined at Canada’s established underground Niobec operation, which is responsible for approximately 7–8% of global niobium consumption and hosts mineralised envelopes averaging 0.37-0.42% Nb₂O₅5 , highlighting the potential for a significant near-surface niobium system to be evaluated through modern exploration and development studies. • On 13 October 2026, AuKing completed the acquisition of all shares in Green Exploration Limited, the holder of various exploration licences in Malawi, including the Machinga Heavy Rare Earths Project. AuKing Mining Limited (ASX: AKN) (“AuKing” or “the Company”) is pleased to report its Quarterly Activities and Financial Report for the quarter ending 30 September 2026. A summary of the project-related and corporate activities undertaken during the September Quarter is set out below. Project Activities Tundulu(Rare Earths) Project, Malawi– 100% On 17 April 2026, AuKing announced the acquisition of the Tundulu Rare Earths Project in south- eastern Malawi. Tundulu is a district-scale intrusive carbonatite complex ranking among the largest and most underexplored rare earth systems in the country. AuKing commenced its proposed 15,000m combined reverse circulation (RC) and diamond drilling program in late May 2026. By the end of the September Quarter, more than 5,000m of drilling had been completed, with initial assay results received and reported. Figure 1 – Tundulu Project, highlighting the location of the main target area for drilling at Nathace Hill with nearby Kamilala Hill to the north and Tundulu Hill to the east 5 IAMGOLD NI 43-101 Technical Report, Update on Niobec Expansion, December 2013 Page 4 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Tundulu DrillingResults: The results reported by AuKing to date have demonstrated wide intervals of high-grade TREO mineralisation across the primary Nathace Hill target area. Other key features of the initial results include: • Assay grades are generally higher than historically reported results; • Evidence of high levels of heavy rare earth enrichment in several Tundulu holes; • Step-out drilling beyond the primary target zone continues to intersect significant TREO mineralisation, expanding the overall mineralised footprint at Tundulu; and • Observed carbonatite lithology indicates the potential for rare earths mineralisation to continue to significant depths, subject to confirmation from pending assays results. Figure 2– Location of AuKingdrill holes atTundulu, includinghistorical drillholes (a) InitialResults Auking announced its initial assay results from the Tundulu drilling on 14 September 2026. Exceptional high-grade REE mineralisation was reported as highlighted by the following: 26NH005 - 91m @ 1.51% TREO from 40m Page 5 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Including 43m @ 2.00% TREO from 77m Including 15m @ 3.40% TREO from 90m 26NH029 - 80m @ 1.54% TREO from surface Including 30m @ 2.00% TREO from surface Including 11m @ 4.33% TREO from 2m Including 26m @ 2.03% TREO from 53m Including 12m @ 2.74% TREO from 56m 26NH004 - 20m @ 2.06% TREO from 113m Including 12m @ 3.24% TREO from 113m And 10m @ 2.86% TREO from 84m Drill hole 26NH014 was specifically designed as a step-out hole, located further from the primary Nathace Hill target area and drilled away from the target to test a southern magnetic low identified during the airborne survey conducted in May. Several intervals of TREO mineralisation were intersected within the magnetic anomaly, providing further support for the broader extent of the mineralised system at Nathace Hill. Assay results from the first three holes also identified a notable heavy rare earth component, with discrete intervals containing elevated HREE+Y grades and HREE+Y representing up to approximately 8% of TREO within mineralised zones. Importantly, elevated HREE+Y grades show a strong association of P₂O₅ across all three holes, consistent with the documented occurrence of HREE-bearing apatite at Tundulu. In particular, drill holes 26NH005 and 26NH029 returned HREE+Y/ TREO of 2.92% over 91m and 4.53% HREE+Y/ TREO over 80m, respectively, including the following substantial intervals: 26NH005 - 8m @ 16.09% HREE+Y/ TREO from 68m 7m @ 12.75% HREE+Y/ TREO from 80m and 6m @ 8.88% HREE+Y/ TREO from 120m 26NH029 - 42m @ 11.46% HREE+Y/TREO from 13m 4m @ 9.45% HREE+Y/ TREO from 60m and 12m @ 8.54% HREE+Y/ TREO from 68m (b) Western Flank Step-outDrillingDelivers OutstandingTREOIntersections On 21 September AuKing reported assays from the next batch of five Tundulu drill holes and again exceptional high-grade REE mineralisation has been identified as highlighted by the following: 26NH011 - 72m @ 1.51% TREO from surface Including 50m @ 2.03% TREO from surface Page 6 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Including 20m @ 4.26% TREO from surface 26NH002 - 22m @ 1.50% TREO from surface Including 8m @ 3.39% TREO from 2m Including 8m @ 2.09% TREO from 32m Hole 26NH011 delivered extensive rare earth mineralisation from surface, with substantially higher-grade mineralisation identified within the upper portion of the hole. The continuity of mineralisation over this length, together with the strong near-surface grades, provides further evidence of a well-developed REE system at Nathace Hill and importantly demonstrates that significant mineralisation is not confined to recently received assay results from the initially drilled southern area of Nathace Hill. Holes 26NH002 and 26NH003 returned further significant TREO mineralisation along the western flank of Nathace Hill, with 26NH002 intersecting strong mineralisation from surface and 26NH003 intersecting significant mineralisation at greater depth. Together, these results demonstrate the presence of strong REE mineralisation at varying depths across the western part of Nathace Hill, providing further support for the continuity and scale of the broader mineralised system. (c) Multiple Compelling Further High-Grade TREO Results from Nathace Hill Auking reported on 9 October 2026 AuKing further assays from the next batch of Tundulu drill holes and again exceptional high-grade REE mineralisation was identified as highlighted by the following: 26NH001 - 59m @ 1.51% TREO from 13m Including 24m @ 2.02% TREO from 49m Including 17m @ 2.46% TREO from 50m Including 5m @ 2.96% TREO from 55m 26NH006 - 47m @ 1.50% TREO from 26m Including 14m @ 2.00% TREO from 40m Including 6m @ 3.03% TREO from 40m And 9m @ 1.53% TREO from 128m Including 4m @ 3.33% TREO from 128m Drill holes 26NH006 and 26NH027 are among the closest holes drilled to the interpreted carbonatite zone to date. The significant high-grade mineralisation intersected in 26NH006, together with broad and continuous mineralisation encountered from surface in 26NH027, confirms that the Nathace Hill system remains well developed in this area and strengthens evidence of its continuation towards the core of the large carbonatite. Drill hole 26NH001 further confirms the presence of high-grade, near surface rare earth mineralisation on the western flank of Nathace Hill. Combined with exceptional intersections reported for this prospective zone on 21 September 2026, these latest assays provide compelling Page 7 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com support for increased exploration activity across the western flank, which is emerging as a significant priority for further drilling and evaluation. Step-outdrillingin 26NH030 and 26NH009 at south-westNathace Hill has revealedhigh-grade rare earth mineralisation beyond the previously interpreted carbonatite footprint. These results indicate that the mineralised system may extend farther laterally than previously recognised and provide a strong basis for expanded exploration across this underexplored area. (d) Deep Drilling Results from Nathace Hill The exceptional assay results received from the initial RC drillholes have provided further support for the scale and significance of the mineralised system at Nathace Hill. In addition, AuKing’s first two diamond drill holes, as announced on 17 August and 1 September 2026, both intersected carbonatite lithologies through to end-of-hole, with the first hole extending to 510.6m and the second to 400.4m. Taken together, the initial assay results and continuation of carbonatite lithologies at depth have strengthened the Company’s geological interpretation of a substantial mineralised system at Tundulu. As a result, the AuKing Board has approved planning for a major diamond drill hole targeting a depth of approximately 1,000m (as part of the current budgeted program) to test the system at significantly greater depth. Future Assays As at the end of the end of the Quarter, a total of 2,242 samples had been assayed, with a further 2,047 samples awaiting assays at Intertek’s laboratory in Perth. In addition, more than 1,300m of diamond drill core samples are awaiting Malawi export permits before being prepared for assay. AuKing expects to report a steady flow of assay results over the coming months. Greenland Niobium Project – 75% Earn-in Agreement On 13 October 2026, AuKing announced details of its proposed acquisition, through an earn-in agreement, of up to a 75% interest in the Qeqertaasaq Project in western Greenland. The project comprises an exploration licence encompassing a substantial 3km x 5km carbonatite complex, establishing AuKing presence in West Greenland’s strategically important niobium and rare earths province, with no upfront acquisition payment. Exceptional niobium results from historical scout drilling undertaken in 1975 (average hole depth <10m), include6 17636 - 15.9m @ 0.80% Nb2O5 from 3.6m Including 12.69m @ 1.04% Nb2O5 from 3.6m 17629 - 10.4m @ 1.29% Nb2O5 from 1.9m 17590 - 9.04m @ 0.51% Nb2O5 from 2.65m 17584 - 5.22m @ 2.73% Nb2O5 from 4.15m 6 See ASX Release dated 13 October 2026. The Company is not aware of any new information or data that materially affects the information that was included in the ASX announcement dated 13 October 2026. Page 8 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com 17622 - 9.67m @ 0.50% Nb2O5 from 4.78m Including 5.26m @ 0.80% Nb2O5 from 6.57m Subsequent historical deeper drilling completed in 1976 also returned outstanding results. Mineralisation remains open in all directions, in multiple areas. Results include7 : Qa-11 - 84.37m @ 0.51% Nb2O5 from 13.35m  Including 43.96m @ 0.81% Nb2O5 from 32.94m  Including 32.43m @ 1.06% Nb2O5 from 44.47m Qa-25 - 53.23m @ 0.51% Nb2O5 from 35m  Including 26.18m @ 0.83% Nb2O5 from 57.3m  Including 15.93m @ 1.11% Nb2O5 from 72.3m 17593 - 41m @ 0.75% Nb2O5 from 7.2m  Including 37.51m @ 0.81% Nb2O5 from 9.66m  Including 24.99m @ 1.05% Nb2O5 from 18.52m AuKing has entered into a staged earn-in agreement with Xploration Services Greenland A/S, an established and experienced Greenland-based exploration company unrelated to AuKing. The agreement provides for exploration at Qeqertaasaq over a maximum period of six years, with the following staged financial arrangements: Exclusivity Payment A non-refundable €15,000 cash payment (already paid) to secure a 30-day exclusivity period (expiring 24 October 2026), during which time AuKing aims to complete satisfactory legal and technical due diligence. On Commencement of the Earn-in There are no acquisition payments to be made upon commencement of the Earn-in. AuKing has the right (but not obligation) to earn up to a 75% interest in the Qeqertaasaq exploration licence by sole funding exploration funding totalling €10,000,000 over the next 6 years in three stages as follows: • Stage 1 - €3,000,000 in exploration funding by 30 September 2028 to earn an initial 30% project interest; • Stage 2 - €3,000,000 in exploration funding by 30 September 2030 to earn a further 21% project interest; and • Stage 3 - €4,000,000 in exploration funding by 30 September 2032 to the final 24% project interest. During exploration activities under the Earn-in Agreement, AuKing is required to meet minimum 7 See ASX Release dated 13 October 2026. The Company is not aware of any new information or data that materially affects the information that was included in the ASX announcement dated 13 October 2026. Page 9 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com annual expenditure commitments to maintain the exploration licence in good standing. These commitments are approximately A$69,000 for 2027 and A$215,000 for 2028. Project activities will be overseen by a joint Management Committee, with fieldwork and associated logistics managed by Xploration Services Greenland A/S, which has more than 20 years’ experience in mineral exploration, logistics and administration in Greenland. Upon completion of AuKing’s earn-in, a joint venture will be formed between the project holders and in accordance with normal terms that would apply for such a joint venture. Also, at completion of the 75% earn-in by AuKing, an introduction fee amounting to 10% of the project equity will be allocated to unrelated third parties who provided the introduction of the Qeqertaasaq opportunity to AuKing. AuKing has approached ASX to confirm that full ASX quotation re-compliance will not be required under Chapter 11 of the ASX Listing Rules in relation to the proposed Qeqertaasaq transaction, and commencement of the earn-in acquisition is conditional upon ASX providing this confirmation. TasmaniaTin/Silver/Tungsten Project – 100% On 29 January 2026, AuKing announced the proposed acquisition of a 100% interest in certain tin exploration licence applications in north-western Tasmania, strategically located near the world class Renison Bell tin mine. The licence application area covers approximately 203km² and has been the subject of historical mining activity and limited exploration using modern methods, highlighting strong district-scale exploration potential. AuKing intends to design and implement a detailed exploration program following the grant of the exploration licences by Mineral Resources Tasmania which is expected in the December Quarter. Koongie Park(Copper/Zinc/Silver)Project,Western Australia –49% No activities were undertaken by AuKing at Koongie Park during the September Quarter, with Cobalt Blue Holdings Limited (ASX: COB) continuing to sole-fund project activities pursuant to the joint venture announced on 18 February 2025. Mkuju (Uranium)Project,Tanzania– 100% No exploration activities were undertaken at the Mkuju Project in southern Tanzania during the September Quarter, reflecting the normal wet season period in the region. Initial planning and preparation have commenced for an exploration and drilling program at Mkuju in the December Quarter. Myoff CreekProject,Canada– 100% No activities were conducted at the Myoff Creek project during the September Quarter. An agreement was signed for the sale of these licence interests for C$10,000 as they are no longer consistent with the Company’s strategic objectives. Finalisation of this sale is likely to occur in the December Quarter. Page 10 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Corporate Activities JulySharePlacement ($5million) On 14 July 2026, the Company successfully completed a strongly supported $5 million capital raising, with demand exceeding the amount raised and pricing achieved at a premium to VWAP. Funding has accelerated the expanded drilling program at the Tundulu Rare Earths Project, including the commencement of diamond drilling, while providing flexibility to pursue additional strategic opportunities. 3c Option Underwriting On 5 August 2026, the Company announced that it had entered into an option underwriting agreement (Underwriting Agreement) with GBA Capital Pty Ltd (GBA) to fully underwrite the exercise of unlisted options in the Company, exercisable at $0.03 each and expiring at 5.00pm (AEST) on 30 April 2027 (AKN 2027 Options). Pursuant to the Underwriting Agreement, GBA will underwrite up to 304,734,034 AKN 2027 Options which remain unexercised at the expiry date (Underwritten Options), representing an underwriting amount of approximately $9,142,021.00 by subscribing for shares on the exercise of the Underwritten Options. Full details of the terms of the Underwriting Agreement are set out in the Company’s announcement to ASX date 5 August 2026. Lodged 30June Half Year Financial Report The Company lodged its Financial Report for the Half Year to 30 June 2026 on 28 August 2026. October Extraordinary General Meeting On 10 September 2026, the Company lodged notice of meeting materials for a proposed extraordinary general meeting (EGM) to be held on 19 October 2026. (Note that all resolutions at the EGM were approved by near unanimous majorities at that meeting earlier this week). ASX Additional Information Exploration Activities ASX Listing Rule 5.3.1: Exploration activity during the September Quarter focused on the Tundulu Project in Malawi, with total exploration expenditure of $1,850,000. Mine Production Activities ASX Listing Rule 5.3.2: There were no mine production or development activities conducted during the September Quarter. Exploration and Mining Tenures See Annexure A for an updated table on the Company’s various tenure holdings and the changes that occurred during the September Quarter. Page 11 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Related PartyPayments During the September Quarter, AuKing paid director fees of $115,002 and corporate advisory fees of $50,000 to related parties and their associated entities. Board and Senior Management Mr Peter Tighe, Non-Executive Chairman Mr Paul Williams, Managing Director Mr Lincoln Ho, Non-Executive Director Mr Paul Marshall, CFO and Company Secretary Mr Ian McBride, Exploration Manager Financial Position At 30 September 2026, AuKing had cash reserves of $3.42 million. Further details of AuKing’s financial activities during the September 2026 Quarter are set out in the Appendix 5B Quarterly Cashflow Statement. Other Details Head Office Share Registry Level 10, Suite 34 Automic Pty Ltd 320 Adelaide Street Level 5, 126 Phillip Street Brisbane Q 4000 Sydney Q 4000 Phone: +61 7 3535 1208 Phone: 1300 288 664 Website: www.aukingmining.com Approved by the Board of AuKing Mining Limited. For more information: Paul Williams Kristin Rowe Managing Director NWR Communications M +61 419 762 487 M +61 404 88 98 96 E p.williams@aukingmining.com E kristin@nwrcommunications.com.au Abbreviations • TREO = Total Rare Earth Oxides – La2O3, CeO2, Pr6O11, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 (Pm2O3 excluded by tradition) • HREO = Heavy Rare Earth Oxides – Tb4O7, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3 • MREE = Nd, Pr, Dy, Tb • NDPR% = (Nd + Pr)/TREO Page 12 of 12 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com ANNEXURE A AuKing’s Exploration and Mining Tenures Project/Location Tenement Reference Current Holder AKN % Interest Comment WESTERN AUSTRALIA Koongie Park, Halls Creek E80/ 4957 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek E80/ 4960 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek E80/ 5076 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek E80/ 5087 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek E80/ 5127 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek M80/ 276 (Sandiego) Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek M80/ 277 (Onedin) Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek E80/5707 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek P80/ 1878 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek P80/ 1879 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek P80/ 1880 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek P80/ 1881 Koongie Park Pty Ltd 49 Refer Note 1 Koongie Park, Halls Creek P80/ 1882 Koongie Park Pty Ltd 49 Refer Note 1 MALAWI Tundulu EL 0731/24 Green Exploration Ltd 100 Refer Note 1A Machinga EL 0529/18R2 Green Exploration Ltd 100 Refer Note 2 Machinga EL 0705/23 Green Exploration Ltd 100 Refer Note 2 Salambidwe EL 0518/18R2 Green Exploration Ltd 100 Refer Note 2 Ngala Hill EL 0510/18R2 Green Exploration Ltd 100 Refer Note 2 Karonga EL 0782/24 Green Exploration Ltd 100 Refer Note 2 TANZANIA Mkuju PL12184 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12185 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12186 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12187 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12189 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12192 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12485 92U Tanzania Ltd 100 Refer Note 3 Mkuju PL12606 92U Tanzania Ltd 100 Refer Note 3 Notes: 1 AKN entered into a Joint Venture earn-in agreement whereby Cobalt Blue Holdings Limited has the right to earn up to a 75% interest in this tenure. 1A AKN’s 100% owned subsidiary in Malawi, Tundulu Rare Earths Limited is in the process of acquiring this EL from Green Exploration Ltd (a subsidiary of Tusker Minerals Limited) 2. AKN acquired all the shares in Green Exploration Limited during the September Quarter and as a result, became the holder of these licences. 3. 92U Tanzania Limited is a wholly owned subsidiary of Auking Mining Limited.