Announcement PDF ANNUAL FINANCIAL REPORT For the year ended 31 December 2025 AuKing Mining Limited ABN 29 070 859 522 ASX Code: AKN AuKing Mining Limited 2025 Annual Report Page 2 Corporate Directory AuKing Mining Limited Board of Directors Mr Peter Tighe (Non-Executive Chair) Mr Paul Williams (Managing Director) Mr Lincoln Ho (Non-Executive Director) Company Secretary Mr Paul Marshall Head Office and Registered Office Suite 34, Level 10 320 Adelaide Street Brisbane QLD 4000 Telephone: 07 3535 1208 Email: admin@aukingmining.com Website: www.aukingmining.com Auditors BDO Audit Pty Ltd Level 18, 360 Queen St Brisbane QLD 4000 Telephone: 07 3237 5999 Website: www.bdo.com.au Share Registry Automic Group Level 12 530 Collins Street Melbourne VIC 3000 Telephone: 1300 288 664 | +61 2 9698 5414 Facsimile: 02 9287 0303 Website: www.automic.com.au Stock Exchange Listing Australian Securities Exchange ASX Code: AKN Australian Business Number 29 070 859 522 AuKing Mining Limited 2025 Annual Report Page 3 CONTENTS Directors’ Report Review of Operations 4 Directors and Officers 11 Financial Results 13 Future Developments, Prospects, Strategies and Business Risks 17 Remuneration Report 18 Auditor's Independence Declaration 26 Additional Stock Exchange Information 27 Annual Financial Report Consolidated Statement of Comprehensive Income 31 Consolidated Balance Sheet 32 Consolidated Statement of Changes in Equity 33 Consolidated Cash Flow Statement 34 Notes to the Consolidated Financial Statements 35 Consolidated Entity Disclosure Statement 63 Directors’ Declaration 64 Independent Auditor’s Report 65 AuKing Mining Limited 2025 Annual Report Page 4 REVIEW OF OPERATIONS Orion Resources – Cloncurry Gold Project During the course of 2025, the Company provided details of its proposed acquisition of Orion Resources Pty Ltd (“Orion”). Orion had previously entered into an asset sale agreement (“ASA”) to acquire the existing Lorena processing plant and associated facilities, situated approximately 15 kms east of Cloncurry in northern Queensland, together with various exploration and mining tenements in that area. The Lorena plant is a conventional carbon in leach gold processing facility. In addition, Orion also acquired under the ASA additional exploration and mining tenements approx. 30kms to the south of the Lorena plant, described as the “Mt Freda/Golden Mile Project”. The overall tenure package being acquired by Orion covered an area of 447km2 in the Cloncurry Region. On 6 November 2025, the Company advised that ASX had made a determination that ASX Listing Rules 11.1.2 and 11.1.3 would apply to the transaction whereby AuKing was proposing to acquire all of the issued shares and securities in Orion for a purchase price of A$16.2M. As a consequence, AuKing determined not to proceed with the Orion acquisition on those terms. The Company announced on 21 October 2025 that it had been advised by Orion that financial close of its acquisition of the Cloncurry Gold Project assets had been scheduled to occur on Monday, 3 November 2025. Advice was later received from Orion that on the afternoon of 3 November 2025, Orion was unable to complete its sale obligations due to an outstanding condition precedent required from the vendors to release existing security on part of the assets being acquired by Orion. The Company has since provided a further update to ASX on 13 January 2026 (and clarified in a release dated 15 January 2026) that Orion has now filed and served a Supreme Court Writ and Statement of Claim in Western Australia seeking orders for specific performance and damages in relation to the Cloncurry Project asset sale contract that failed to complete on 3 November 2025 (as detailed above). The defendants to this action include the Receivers and Liquidators who were parties to the asset sale contract and the firm who is now in effective control of the assets. The Company is not a party to any of these legal proceedings. Tanzania The primary focus of activities of the Company with its Tanzanian project interests is the Mkuju uranium project in southern Tanzania. No exploration was conducted by the Company at Mkuju during 2025 due to a lack of available funds. With strong market interest persisting in uranium projects the Company intends to carry out further uranium exploration during the course of 2026, as and when available funding allows. The Company’s proposed sale of its Manyoni prospecting licenses to ASX-listed Moab Minerals Limited (“MOM”) (and its Tanzanian subsidiary Katika Resources Limited (“Katika”)) continued to be delayed due to regulatory approvals and conditions associated with those approvals. In February 2026 the Company and Moab were able to finalise these outstanding regulatory approvals associated with the transfer of these Manyoni licences and the transaction should be closing shortly. In addition to the share placement announced by the Company on 5 February 2025, Beijing Gage Capital Management C., Ltd (via its subsidiary in Tanzania) acquired two of AuKing’s non-core Prospecting Licenses in the Mkuju region of southern Tanzania. The sale was completed in the June 2025 Quarter. Koongie Park Project On 18 February 2025, the Company announced that it had entered into a joint venture earn-in agreement with ASX-listed Cobalt Blue Holdings Limited (“COB”). A summary of the key terms of the agreement that was reached with COB includes the following: Stage 1 ➢ COB acquired a 51% beneficial interest in the Project by issuing AuKing with A$200k of COB shares (at an issue price of $0.072); ➢ To retain the 51% beneficial interest COB must meet a minimum expenditure of A$500k by 30 June 2027; ➢ If COB does not meet this Stage 1 expenditure, AuKing can buy back a 2% interest (and return to a 51% interest) by reimbursing COB 2% of the amount of expenditure incurred by COB on the Project. AuKing Mining Limited 2025 Annual Report Page 5 Stage 2 ➢ COB will then have the right (but not the obligation) to earn up to a 75% interest (an additional 24%) in the Project by incurring an additional A$1.5M expenditure on the tenements by 30 June 2028; ➢ If COB does not meet this Stage 2 expenditure, AuKing can buy back a 2% interest (and return to a 51% interest) by reimbursing COB 2% of the amount of expenditure incurred by COB on the Project; and ➢ Should AuKing’s future JV interest dilute below 10% the interest shall revert to a 1% Net Smelter Royalty (‘NSR’). During the course of 2025, COB proceeded to sole fund joint venture activities at Koongie Park, and a summary of the primary activities is set out below. On 6 June 2025, COB announced the results of a Scoping Study that they had completed in relation to the Koongie Park Project. The COB Scoping Study established the following life of project financial parameters (on a 100% project basis): ➢ Pre-tax NPV8 (real) – A$172M ➢ Post-tax NPV8 (real) – A$121M ➢ Pre-tax Internal Rate of Return – 28% ➢ Post-tax Internal Rate of Return – 21.4% On 4 August 2025 COB announced a further uplift in project activities at Koongie Park featuring the following activities: Engineering Review Targets Expansion Multiple value engineering opportunities are being progressed to build on the strong economics delivered in the June 2025 Scoping Study (the ‘Scoping Study’): ➢ Silver recovery presents a substantial opportunity to boost Stage 1 margins. ➢ Cobalt at Sandiego occurs with high-grade copper-zinc zones—inclusion of cobalt in future Mineral Resource estimates could provide a valuable byproduct credit, enhancing Stage 2 cost competitiveness. ➢ A centralised processing hub is under review to integrate satellite deposits into the development plan aiming to extend life-of-mine, increase throughput, and lower unit capital intensity. Sandiego North Emerges as a High-Impact Discovery Target ➢ Defined by a 700 m copper-in-soil anomaly with multiple samples exceeding 200 ppm Cu. ➢ Drill hole ASWB01 intersected 5 m at 1.37% Cu and 2m at 1.71% Cu, confirming copper mineralisation north of the existing resource. ➢ Deep drilling at Sandiego shows mineralisation trending toward Sandiego North, with high-grade results remaining open along strike. ➢ Represents a priority target for near-term resource growth. Canada – Myoff Creek During the December 2025 Quarter, the Company announced the final results of an airborne survey conducted over the entire Myoff Creek tenure package. Highlights of the results included: ➢ Airborne survey: A helicopter-borne high resolution aeromagnetic and radiometric survey covering 70-line kms was flown across the Myoff Creek tenure area and the final results of the survey are being collated for formal reporting purposes. ➢ Carbonatite mineralization confirmed: Preliminary results are consistent with previously interpreted and drilled near-surface carbonatite mineralization in the northern area of the project area which contained notable intercepts of niobium and total rare earth oxides. (See ASX release by AuKing dated 22 July 2024). ➢ Potential carbonatite extension: The survey has highlighted previously untested anomalous areas of additional carbonatite mineralization in the central and southern areas of the Myoff Creek project area, providing potential extensions of carbonatite mineralisation and creating fresh exploration targets for follow-up. The Company is currently in discussions with a group of investors that may acquire Myoff Creek as the project is not considered within the Board’s current strategic focus. AuKing Mining Limited 2025 Annual Report Page 6 Canada – Grand Codroy No exploration was conducted at the Grand Codroy project during 2025. In January 2026, the Company took steps to have this mining claim surrendered as it was determined that this project was no longer consistent with the Board’s current strategic focus. Saudi Arabia The Company completed arrangements with Resource Mining Corporation Limited (ASX:RMI) during the September 2025 Quarter, whereby RMI acquired all of the Company’s interests in this Saudi JV. As a consequence, the Company has no further interest in this Saudi JV or that jurisdiction generally. Tasmania Tin On 29 January 2026, the Company announced it had entered into a agreement to acquire all the shares in Australian- registered company Goldtrace Exploration Pty Ltd (Goldtrace). Goldtrace owns 100% of the two EL applications 22/2025 and 23/2025. Strategically located in north-western Tasmania near the historical mining town of Rosebery, the EL applications proposed to be acquired by AuKing are situated in a region that is host to the world class Renison Bell (Metals X/Yunnan Tin JV) operating tin mine (approximately 292,000t of contained Sn) and the undeveloped Mt Lindsay tin project of Critica Ltd (formerly Venture Minerals Ltd) which comprises around 81,000t Sn and 32,000t of WO3. In consideration for the acquisition of all the shares in Goldtrace, the Company is obliged to issue 142,857,143 new AuKing shares at an issue price of 0.35c per share (comprising a $500,000 purchase price) to the existing Goldtrace shareholders and their nominees, subject to the Company obtaining approval from shareholders at an extraordinary general meeting which was obtained on 10 March 2026. Exploration activities will commence on the EL areas, upon their formal grant by Mineral Resources Tasmania expected within the next 2-3 months. Other Development Opportunities The Board continues to assess project acquisition and development opportunities that are consistent with the current strategic focus of developing high-potential exploration projects in the critical minerals, precious metals and uranium sectors. Corporate Activities Capital Raising During the year, the Company completed the following share placements and capital raising activities: • In late 2024, the Company announced that there existed a substantial shortfall under the Company’s rights issue entitlement offer to existing shareholders. On 27 November 2024 the Company announced that agreement had been reached with Benwest Investment Services Pty Ltd to subscribe for the Entitlement Offer shortfall by way of a placement to investors on the same terms as were offered under the Entitlement Offer. During 2025, an additional $670,000 in funds were raised through the issue of a further 95,714,286 New Shares. • On 5 February 2025, AuKing announced details of a strategic collaboration with Gage Resources Pty Ltd, an Australian subsidiary of Beijing Gage Capital Management Co., Ltd (“Gage Capital”). Under this collaboration, Gage Capital agreed to subscribe for 60 million new shares in the Company at an issue price of $0.005, raising an additional $300,000 for the Company’s working capital purposes. • On 2 July 2025, AuKing announced that it had received binding commitments for a placement to professional and sophisticated investors (including Directors) comprising 196,228,333 new fully paid ordinary shares in the Company at an issue price of $0.006 per share (“Placement Shares”) together with free-attaching options to raise A$1.17M (before issue costs). The Placement occurred in two tranches: o Tranche 1 Placement – the Company issued 113,337,550 new shares at an issue price of $0.006 per share raising a total of $680,025 before costs; and o Tranche 2 Placement –the Company issued an additional 82,880,159 new shares at an issue price of $0.006 per share, raising an additional $497,281 before costs. This includes Director participation of approximately $150,000. • The July 2025 Placement also included the offer of the following free attaching options: o One option for every one Placement Share issued (being a total of 196,228,333 options) with an exercise price of $0.006 and expiring on 31 December 2026 (“$0.006 Options”); and AuKing Mining Limited 2025 Annual Report Page 7 o One option for every two Placement Share issued (being a total of 98,114,167 options) with an exercise price of $0.03 and expiring on 30 April 2027 (“0.03 Options”). • Peak Asset Management and Spark Plus acted as Joint Lead Managers to the Placement (“the JLMs”) and were remunerated as follows: o A capital raising fee of 4% on all funds raised under the Placement by the JLMs - payable to the JLMs on a pro-rata basis; o A management fee of 2% on all funds raised under the Placement – split 50/50 between JLMs; and o A total of 58,868,500 $0.006 Options and 29,434,250 $0.03 Options – split 50/50 between the JLMs. • On 24 November 2025, AuKing announced that it had received binding commitments for a placement to professional and sophisticated investors and clients of GBA Capital Pty Ltd comprising 80,000,000 new fully paid ordinary shares in the Company at an issue price of $0.005 per share (“Placement Shares”) together with free- attaching options to raise A$400,000 (before issue costs). The Placement also included the offer, subject to obtaining shareholder approval (which was obtained at the shareholder meeting on 8 January 2026), of free-attaching options (“Placement Options”) to be issued on the basis of one option for every two Placement Shares issued (being a total of 40,000,000 options) with an exercise price of $0.006 and expiring on 31 December 2026 (“$0.006 Options”). GBA Capital acted as the Lead Manager to the Placement and was remunerated as follows: o A capital raising fee of 6% on all funds raised under the Placement; and o A total of 10,000,000 $0.006 Options to be issued subject to AuKing shareholder approval. Other Funding Arrangements GAM Short Term Loan On 31 March 2025 the Company entered into a short-term $420,000 loan with GAM Company Pty Ltd that was subsequently extended to a total loan of $657,000 which was intended to be repayable from a capital raising proposed at the time that GBA Capital Pty Ltd was arranging in April 2025. All outstanding loan monies and interest in respect of the GAM loan were repaid in full by the Company in September 2025. RiverFort Facility On 8 September 2025, the Company entered into a $5,000,000 loan facility with RiverFort Global Capital Ltd. Key Terms RiverFort Loan Total available loan facility $5,000,000 Interest rate 10.00% per annum Drawdowns $500,000 is immediately available for the first drawdown. The remaining facility will be available in two tranches. The second trance of $2,500,000 will be available to fund the Orion project and the third tranche of $2,000,000 at a later time to further fund development of the Orion project. The second and third tranches are subject to mutual agreement between RiverFort Global Capital Ltd and the Company. Drawdown Fee At the discretion of the Company, either: • 4.5% of each relevant Drawdown paid in cash and deducted from gross proceeds of each Drawdown, or; • 5.5% paid in shares at the 5 day VWAP preceding the relevant drawdown. Facility term and repayments • Overall facility term of 3 years • Each drawdown is to be repaid 12 months from the drawdown date AuKing Mining Limited 2025 Annual Report Page 8 Security First Ranking Security over Auking Mining Limited but subject to being subordinated to the proposed Nebari senior secured facility. RiverFort Shares AKN shall issue A$100,000 of Pre-Issued Shares to RiverFort Global Capital Ltd on the date of the First Drawdown. RiverFort Options RiverFort Global Capital Ltd shall receive Options (in the Investor’s standard form) equal to 40% (or a 2:5 ratio) of each Drawdown divided by the Reference Price, exercisable at a 50% premium to the relevant Reference Price. Each issuance of Options will have a 36-month term from the date of issuance. The Options associated with the First Drawdown will have an exercise price at a 50% premium to the Equity Placing share price. Fixed Placing Price The RiverFort Global Capital Ltd may from time to time and in varying amounts convert outstanding Principal and Interest at a 50% premium to the Reference Price of each Drawdown at any time during the Term. For the First Drawdown, the Fixed Placing Price will be at a 50% premium to the Equity Placing price. If there is any issuance of equity at a share price which is below the Fixed Placing Price during the Term, the Fixed Placing Price will be revised to be the same as the relevant placing price of the issuance of equity. The first tranche of $500,000 was drawdown by the Company on 10 September 2025. Tighe Short Term Loan During the March 2025 Quarter, the Company and its Chairman, Mr Peter Tighe, agreed to further extend repayment of the A$750,000 loan to be repaid by the Company until 31 March 2026, with interest payments to continue to be paid on the same terms. The loan was reduced to A$650,000 in August 2025 when Mr Tighe agreed to offset $100,000 towards the funds he contributed to the Company’s Tranche 2 share placement at that time. Board Changes In April 2025, Mr Lincoln Ho joined the Board as a non-executive director. In early 2026, certain further changes occurred to the AuKing Board of Directors whereby Mr Mark Fisher, Dr Kylie Prendergast and Mr Nick Harding all resigned from their positions, with immediate effect. Governance Arrangements and Internal Controls AuKing has ensured that the Mineral Resources quoted are subject to good governance arrangements and internal controls. The Mineral Resources reported have been generated by suitably qualified personnel who are experienced in best practices in modelling and estimation methods, and AuKing has also undertaken reviews of the quality and suitability of the underlying information used to determine the resource estimate. Annual Review Competent Persons Statement The information in this Annual Report that relates to the mineral resources and ore reserves statement as a whole has been reviewed and approved by Mr Ian Hodkinson who is a member of the Australian Institute of Geoscientists. Mr Hodkinson is a consultant to 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. Competent Persons’ Statements The information relating to Exploration Results as outlined in this Annual Report are extracted from previous ASX announcements made by the Company. These reports are available to view on the Company’s website www.aukingmining.com. This report was issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. AuKing Mining Limited 2025 Annual Report Page 9 Annual Mineral Resource Statement In accordance with ASX Listing Rule 5.21, the Company reviews and reports its Mineral Resources at least annually. The date of reporting is 31 December each year, to coincide with the Company’s end of financial year balance date. If there are any material changes to its Mineral Resources over the course of the year, the Company is required to promptly report these changes. The Company has not reported any changes to its Mineral Resources during the 2025 calendar year. The current reported JORC 2012 resource estimate for the Koongie Park project (Sandiego and Onedin) is 8.9Mt @ 1.01% Cu, 3.67% Zn, 0.16g/t Au, 32g/t Ag and 0.77% Pb, details of which are set out below: Onedin Mineral Resource Estimate and Metal Tonnes Zone Classification Tonnes (Mt) Copper (%) Zinc (%) Gold (g/t) Silver (g/t) Lead (%) Cu Dominant Indicated 1.5 1.1 0.6 0.2 47 1.2 Inferred - - - - - - Zn Dominant Indicated 3.3 0.5 4.3 0.1 34 1.0 Inferred - - - - - - Resource Total and Grades 4.8 0.7 3.2 0.1 38 1.1 Zone Classification Tonnes (Mt) Copper (tonnes) Zinc (tonnes) Gold (oz) Silver (Moz) Lead (tonnes) Cu Dominant Indicated 1.5 16,500 9,000 9,600 2.27 18,000 Inferred - - - - - - Zn Dominant Indicated 3.3 16,500 141,900 10,600 3.61 33,000 Inferred - - - - - - Total Metal Tonnes 33,000 150,900 20,200 5.88 51,000 Note: (1) Reported tonnes and grade are rounded (2) Reporting cut-off grades of 0.4% Cu and 1% Zn have been applied to the Onedin deposit Sandiego Mineral Resource Estimate and Metal Tonnes Classification Tonnes (Mt) Copper (%) Zinc (%) Gold (g/t) Silver (g/t) Lead (%) Cu Dominant Indicated 1.7 2.3 0.8 0.3 18 0.2 Inferred 0.3 1.6 3.0 0.2 5 0.0 Sub Total 2.0 2.2 1.1 0.3 16 0.1 Zn Dominant Indicated 2.0 0.6 7.3 0.1 35 0.7 Inferred 0.1 0.2 6.1 0.1 10 0.1 Sub Total 2.1 0.6 7.3 0.1 34 0.7 Resource Total and Grades 4.1 1.4 4.3 0.2 25 0.4 Classification Tonnes (Mt) Copper (tonnes) Zinc (tonnes) Gold (oz) Silver (Moz) Lead (tonnes) Cu Dominant Indicated 1.7 39,100 13,600 16,400 0.98 3,400 Inferred 0.3 4,800 9,000 1,900 0.05 0 Sub Total 2.0 43,900 22,600 18,300 1.03 3,400 Zn Dominant Indicated 2.0 12,000 146,000 6,400 2.25 14,000 Inferred 0.1 200 6,100 300 0.03 100 Sub Total 2.1 12,200 152,100 6,700 2.28 14,100 Total Metal Tonnes 56,100 174,700 25,000 3.31 17,500 Note: (1) Reported tonnes and grade are rounded (2) Reporting cut-off grades of 0.8% Cu and 3% Zn have been applied to the Sandiego deposit AuKing Mining Limited 2025 Annual Report Page 10 The current reported JORC 2012 resource estimate for the Koongie Park project (Emull) is 12.2Mt @ 0.27% Cu, 0.38% Zn, 0.09% Pb, and 4.9g/t Ag, details of which are set out below: Emull Mineral Resource Estimate and Metal Tonnes December 2022 Mineral Resource Estimate (0.15% Cu Cut-off) Indicated Mineral Resource Type Tonnage Cu Zn Pb Ag Cu Zn Pb Ag Mt % % % g/t t t t koz Oxide 0.26 0.28 0.72 0.16 5.4 700 1,800 400 50 Transitional 0.34 0.29 0.68 0.17 7.0 1,000 2,300 600 80 Fresh 1.8 0.31 0.57 0.14 6.6 5,600 10,400 2,400 390 Total 2.4 0.30 0.60 0.14 6.6 7,300 14,500 3,400 510 Inferred Mineral Resource Type Tonnage Cu Zn Pb Ag Cu Zn Pb Ag Mt % % % g/t t t t koz Oxide 0.04 0.24 0.23 0.05 3.1 100 100 Transitional 0.05 0.25 0.18 0.04 3.4 100 100 10 Fresh 9.7 0.26 0.33 0.08 4.6 25,200 32,300 7,400 1,420 Total 9.8 0.26 0.33 0.08 4.5 25,400 32,500 7,400 1,430 Total Mineral Resource Type Tonnage Cu Zn Pb Ag Cu Zn Pb Ag Mt % % % g/t t t t koz Oxide 0.29 0.28 0.66 0.14 5.2 800 1,900 400 50 Transitional 0.39 0.28 0.61 0.15 6.6 1,100 2,400 600 80 Fresh 11.5 0.27 0.37 0.09 4.9 30,800 42,700 9,800 1,810 Total 12.2 0.27 0.38 0.09 4.9 32,700 47,000 10,800 1,940 In completing the review for the period ended 31 December 2025, the historical resource factors were reviewed and found to be relevant and current. The Koongie Park project has not been converted to an active operation yet and hence no material resource depletion has occurred for the review period. Material Changes and Resource Statement Comparison The 2012 JORC resource at Koongie Park (Sandiego and Onedin) and the Emull resource (as shown above) are the current versions of the Mineral Resource estimates. No updates have occurred in the year. The information in this Annual Report that relates to Mineral Resources was prepared and first disclosed under the JORC Code 2012 Edition. The Company is not aware of any new information or data that materially affects the information as previously released and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. AuKing Mining Limited 2025 Annual Report Page 11 DIRECTORS AND OFFICERS The following persons were directors of AuKing Mining Limited (‘AKN’ or ‘the Company’) during the whole of the financial period and up to the date of this report, unless stated: Current Directors Mr Peter Tighe Non-Executive Chair Mr Tighe started his working career in the family-owned JH Leavy & Co business, which is one of the longest established fruit and vegetable wholesaling businesses in the Brisbane Markets at Rocklea and has been trading since the late 1800s. As the owner and managing director of JH Leavy & Co, Mr Tighe expanded the company along with highly respected farms and packhouses that have been pleased to supply the company with top quality fruit and vegetables for wholesale/export for over 40 years. JH Leavy & Co is considered one of the most successful businesses operating within the Brisbane Markets. Mr Tighe has been a director of Brisbane Markets Limited (BML) since 1999. BML is the owner of the Brisbane Markets® site and is responsible for its ongoing management and development of its $350m asset portfolio. As the proprietor of the site, BML has over 250 leases in place including selling floors, industrial warehousing, retail stores and commercial offices. BML acknowledges its role as an economic hub of Queensland, facilitating the trade of $1.5 billion worth of fresh produce annually, supporting local and regional businesses of the horticulture industry. As a Board member Mr Tighe has held roles in various sub-committees which include Chairman of Safety and Tenant Advisory Committee, BML Strategy Investment Committee, and Legal and Compliance Committee. In 2016 the JH Leavy & Co business was sold but Mr Tighe has continued as the CEO of Global Fresh Australia, trading as JH Leavy & Co, to ensure a successful transition of ownership. He has not been a Director of any other Australian listed company in the last three years. Mr Paul Williams Managing Director, LLB, BA. Mr Williams holds both Bachelor of Arts and Law Degrees from the University of Queensland and practised as a corporate and commercial lawyer with Brisbane legal firm Hopgood Ganim for 17 years. He ultimately became an equity partner of that firm before joining Eastern Corporation as their Chief Executive Officer in August 2004. In mid-2006 Mr Williams joined Mitsui Coal Holdings in the role of General Counsel, participating in the supervision of the coal mining interests and business development activities within the multinational Mitsui & Co group. Mr Williams is well known in the Brisbane investment community as well as in Sydney and Melbourne and brings to the AKN Board a broad range of commercial and legal expertise – especially in the context of mining and exploration activities. He also has a strong focus on corporate governance and the importance of clear and open communication of corporate activity to the investment markets. Mr Williams is currently a Non-Executive Director of Alice Queen Limited (appointed 16 July 2025). He has not been a Director of any other Australian listed company in the last three years. Mr Lincoln Ho Non-Executive Director Mr Ho has over 8 years in ASX listed directorship experience, providing a wide range of business and strategic advice to both unlisted & listed public companies. Lincoln also has ample experience in mining exploration and administration jurisdictions within Australia and overseas. Further, he has overseen transactions across local & overseas markets, working in conjunction with experienced corporate financiers across the emerging caps space. During the past three years, he has held directorships in the following ASX-listed companies: ➢ Non-Executive Director Exultant Mining Limited (appointed 1 July 2025) ➢ Non-Executive Director Askari Metals Limited (appointed 23 Jul 2024 and resigned 16 April 2025) ➢ Non-Executive Director of Aldoro Resources Limited (appointed 26 November 2020 and resigned 31 August 2024) ➢ Non-Executive Director of Redcastle Resources Limited (appointed 22 November 2022 and resigned 10 September 2024) ➢ Non-Executive Director of Red Mountain Mining Limited (appointed 1 July 2016 and resigned 15 August 2024) AuKing Mining Limited 2025 Annual Report P