Drilling planned for Mkuju Uranium Project

AuKing Mining Limited is excited to announce the final arrangements for the Stage 2 exploration drilling program at the Mkuju Uranium Project in southern Tanzania. After a successful Stage 1 program, we are moving forward with a planned maximum 75 drill hole air core/RC drilling program to identify potential significant areas of uranium mineralization. The Stage 1 results in 2023 showed promising results, setting the stage for the upcoming drilling activities.<br/><br/>The proposed Stage 2 program aims to carry out detailed exploration drilling to test high priority target areas and establish an initial mineral resource estimate at Mkuju. A track-mounted air core/RC drilling rig will be used due to rough terrain and potential need for deeper drilling capability. Despite delays caused by heavy rainfall, road access and drill pad preparations have been completed, allowing for the mobilization of the drilling rig.<br/><br/>With a budget of US$800k for the Stage 2 program, we are confident in our funding strategy, including a proposed rights issue to existing shareholders. Depending on drilling success, additional funding may be sought to support the program. For more information, feel free to contact Managing Director Paul Williams at p.williams@aukingmining.com. We are excited about the prospects of the Mkuju Uranium Project and look forward to updating investors on our progress.