Gold Coast Investor Showcase Presentation
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11 JUNE 2026 | aukingmining.com
I N V E S T O R P R E S E N T A T I O N
A critical minerals
explorer, anchored by a
large-scale carbonatite
REE asset in Malawi
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Disclaimer and qualifying statement
L E G A L N O T I C E S
Disclaimer
This presentation does not constitute an offer, invitation or recommendation to
subscribe for or purchase any security in AuKing Mining Limited (ASX: AKN).
AuKing makes no representation or warranty as to the accuracy, reliability or
completeness of this material. Forward-looking statements involve known and
unknown risks and uncertainties. Actual results may differ materially. Recipients
should make their own independent assessment and seek professional advice.
This presentation may contain statements that may be deemed “forward-looking
statements”. Forward risks, uncertainties and other factors, many of which are
outside the control of AuKing, can cause actual results to differ materially from such
statements. Such risks and uncertainties include, but are not limited to, commodity
price volatility, increased production costs, and advances in ore recovery rates from
those assumed in mining plans, as well as political and operational risks and
governmental regulation and judicial outcomes.
Historical Data
Historical drill results cited for the Tundulu Rare Earths Project (JICA 1987, Mota-
Engil/Optichem 2014-15), Big Wilson (Venture Minerals, Gold Fields 1980s), and
historical data for Koongie Park are non-JORC compliant and are presented for
contextual purposes only. Significant further work is required to verify these results
and convert them to JORC-compliant Mineral Resources. These results should not
be relied upon as an indication of future outcomes.
This presentation is authorised by Paul Williams Managing Director
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S E C T I O N 0 1
Strategic
Foundation
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A deliberate critical minerals pivot.
S T R A T E G I C F O C U S
In early 2026, AuKing’s reset its strategic focus to critical minerals, and rebuilt the portfolio around that thesis.
F E B 2 0 2 5
Koongie Park JV
Cobalt Blue (ASX: COB) earn-in - up to 75% by sole-funding
development.
J A N 2 0 2 6 Big Wilson
Tin/Tungsten acquisition announced, adjacent to Renison Bell
A P R 2 0 2 6
Tundulu
5 km carbonatite ring complex in Malawi - REE, phosphate,
gallium
O N G O I N G Mkuju
Uranium drilling approvals granted
Rare earths (REE) Tundulu Permanent magnets, EVs, defence
Tin Big Wilson Electronics - Aus Critical Minerals List
Tungsten Big Wilson Defence, hard metals - Aust list
Copper · Zinc Koongie Park Electrification - JORC, JV-funded
Uranium Mkuju Nuclear baseload - Adjacent to Nyota
Portfolio Build Critical Minerals Exposure
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Why the current valuation does not reflect the platform.
T H E I N V E S T M E N T C A S E
Critical minerals exposure across four
commodities.
High grade REE at Tundulu. Tin and tungsten at Big Wilson.
Copper and zinc at Koongie Park. Uranium at Mkuju. All on
Australian or US critical minerals lists or controlled by single-
country supply chains.
Tundulu - large carbonatite REE in the same Malawi
district as Lindian and Mkango.
5 km ring complex. 24 historical holes ended in mineralisation,
8 of which ended in more than 2% TREO.
Best historical intercept 41 m at 3.7% TREO (See ASX
release 17 April 2026). Substantially under-explored. District
peers: A$330M to A$1.3B+ market caps.
Koongie Park is sole-funded to development by a
listed JV partner.
JORC Resource and positive scoping study (NPV at 8% A
$176.9M, IRR 39.7%, 11-year LOM). Cobalt Blue Holdings
can earn up to 75% by sole-funding. AuKing retains 25% with
no further capital call.
12-month catalyst pipeline anchored by Tundulu
drilling.
A$3M placement settled. Field programme starting now. Initial
drilling at Tundulu through 2026, with potential maiden
resource targeted within 12 months of acquisition completion.
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The market has started to notice.
S H A R E P R I C E P E R F O R M A N C E
JAN 2026 Big Wilson Sn/W announced
FEB 2026 Critical minerals strategy reset
17 APR 2026 Tundulu acquisition (TSK)
APR 2026 A$3M placement at A$0.015
A$0.0270 +285.7% A$0.015 A$53.0M
Close · 24 Apr 2026 1-year total return Apr 2026 placement Market cap (intra-day)
Key Catalysts
Source: Yahoo Finance (AKN.AX). 1-year price series and total return to close 5 June 2026 (S&P/ASX 200 benchmark). 52-week range A$0.0040 to A$0.0280.
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Four assets. Four jurisdictions. One thesis.
P O R T F O L I O S N A P S H O T
Malawi
Big Wilson
Licence pending
100% AuKing
Tasmania
Tundulu Rare
Earths Project
Acquired April 2026
100% AuKing
Western
Australia
Mkuju
Approvals granted
100% AuKing
Tanzania
Koongie Park
JORC resource
COB JV-funded
Rare Earths Tin
Tungsten
Copper
Zinc
Silver
Uranium
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S E C T I O N 0 2
Tundulu
5 km carbonatite ring complex -
the marquee asset
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Tundulu
T U N D U L U R A R E E A R T H S P R O J E C T , M A L A W I
TENEMENT EL 0731/24 • 91.5 km² • 100% AuKing
LOC ATION Phalombe District, Southern Malawi
PR OXIMITY E~70 km SE of Zomba • ~90 km east of Blantyre
GEOLOGY 5 km-diameter intrusive carbonatite ring complex
D ISTRICT PEERS Lindian's Kangankunde • Mkango's Songwe Hill
INFRASTRUCTURE All-weather road • Grid power 25 km away (Migowi)
AC QU ISITION Up to A$5.55M staged from Tusker Minerals (TSK)
A 5 km carbonatite ring complex - large, under-explored,
high grade.
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Tundulu
T U N D U L U R A R E E A R T H S P R O J E C T , M A L A W I
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24 historical drill holes ended in mineralisation.
JIC A 1987 • Initial REE program
M OTA-ENGIL 2014-15 • Optichem joint program
AVG D EPTH 127 m • Most holes end in mineralisation
C OVERAGE Only ~40% of target area at Nathace Hill drill-tested
U N TESTED Tundulu Hill and Makhanga Hill remain largely unexplored
T U N D U L U - H I S T O R I C A L D R I L L I N G
41 m at 3.70% TREO
from 8 m
35 m at 2.70% TREO
from 15 m
30 m at 4.03% TREO
from surface
10 m at 3.13% TREO
TU073 - ended in mineralisation at 113 m
Drilling History Best Historical Intercepts
8 of 24 holes ended in mineralisation grading >2% TREO -
open at depth.
Historical drill results cited are non-JORC 2012 compliant and are presented for contextual purposes only.
See AKN release to ASX on 17 April 2026 for more details about these historical
results
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Same district. Same rocks. Different valuation.
T U N D U L U - D I S T R I C T C O N T E X T
Tundulu sits in the same Malawi geological province as Lindian Resources' Kangankunde and Mkango's Songwe Hill –
all three are carbonatite-hosted REE projects with similar low-thorium chemistry.
S O N G W E H I L L ( M K A)
GEOLOGY Carbonatite intrusion
M ALAWI LOC ATION ~70 km Zomba
TENEMENT Retention licences
R ESOURCE 21 Mt at 1.41% TREO
R ESERVE 18.1 Mt at 1.16% TREO
STAGE DFS complete • MDA signed
M ARKET CAP
T U N D U L U ( AK N )
Carbonatite ring complex
~70 km SE Zomba
EL 0731/24 • 91.5 km²
Non-JORC historical
-
Exploration · JORC drilling
~A$53M
K AN G AN K U N D E ( L I N )
Carbonatite intrusion
~90 km N Blantyre
ML 0290/22 (mining licence)
261 Mt at 2.19% TREO
23.7 Mt at 2.9% TREO
Construction • Q4 2026 first prod.
~A$1.3B ~A$330M
Market cap data: Yahoo Finance / Investing.com / LSE, March-April 2026. Tundulu's path to JORC resource and a re-rating toward peer levels is the central thesis of this acquisition.
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S E C T I O N 0 3
Tundulu
Commencement of Exploration
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Tundulu Airborne Survey – Untested Mineral System
T U N D U L U – T h e C a r b o n a t i t e S t o r y
8 of 24 holes ended in mineralisation grading >2% TREO -
open at depth.
AuKing completed an airborne magnetics
and LiDAR survey across the Tundulu
region in late April 2026
The survey materially advances the Company’s
understanding of Tundulu from a historically surface-focused
rare earth occurrence into a geophysically constrained
carbonatite system containing multiple large-scale drill-ready
targets. The results reinforce the Company’s view that the
known Nathace Hill mineralisation may represent only a
portion of a substantially larger rare earth system.
The gold dashed line outlines the interpreted Nathace Hill
core of the broader Tundulu carbonatite system and includes
the historical drill holes, while the white dashed line outlines
areas beneath post-mineralisation sedimentary cover that
remains largely unexplored.
LiDAR = Light Detection and Ranging - a remote sensing technology that uses
laser light pulses to measure distances and create highly detailed 3D maps or
models of the Earth's surface, objects, or environments.
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Commencement of maiden Tundulu drilling program
T U N D U L U – T h e C a r b o n a t i t e S t o r y
8 of 24 holes ended in mineralisation grading >2% TREO -
open at depth.
AuKing has commenced its planned
10,000m RC/diamond drilling program at
Tundulu
Well-known southern African drilling contractor, Thompson
Resources has been engaged to undertake a planned
10,000m program of combined reverse circulation (RC) and
diamond drilling at Tundulu across approximately 50 drill hole
targets. The Thompson Resources RC rig has been mobilised
to site and drilling has commenced, with a diamond rig
expected to be mobilised later in June
The drilling program has been designed to test extensions,
structural controls, and depth continuity of rare earth element
(REE) mineralisation across the Tundulu Project.
Drilling at hole 26NH005
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Targeting the Real Anomalies
T U N D U L U – T h e C a r b o n a t i t e S t o r y
8 of 24 holes ended in mineralisation grading >2% TREO -
open at depth. Because we’re not looking at small, discrete occurrences -The depth and
consistency of the historical drilling demonstrates just how untested this
system really is, and that those geochemical anomalies are actually quite
indicative of something much larger.
Historic vs. AuKing Phase 1 Drilling
47 % of Historic
Holes <100m
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S E C T I O N 4
Critical Mineral
Assets
Big Wilson, Koongie Park, Mkuju
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Big Wilson
B I G W I L S O N , T A S M A N I A
TENEMENT ELAs 22/2025 + 23/2025 · 100% AuKing (subject to grant + DD)
AR EA ~203 km² in north-western Tasmania
B IG WILSON Greisen + skarn tin. BW001: 17.4 m at 2.0% Sn incl. 4 m at 5.6%
M ERTON H ILL 5 Sn / Pb / Zn / Ag - to 3 m at 0.19% Sn with elevated Ag
LAU R EL C K W-bearing magnetite skarns • 7 m at 0.65% Sn (Gold Fields, 1980s)
STATUS No JORC resource defined • Announced January 2026
Renison Bell-adjacent tin and tungsten in a world-class Australian district.
Historical drill results cited are non-JORC 2012 compliant and are presented for contextual purposes only.
~292,000 t
Contained tin at Renison Bell - Australia's largest tin mine,
immediately adjacent.
District Context
Critical Minerals Designation
Tin and tungsten are both on the Australian Government
Critical Minerals List. Mt Lindsay (~81,000 t Sn, 32,000 t
WO₃) and Mt Bischoff are nearby analogues.
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Koongie Park
K O O N G I E P A R K , W E S T E R N A U S T R A L I A
Advanced Cu/Zn VMS - JORC resource, positive scoping, JV-funded.
See ASX release by Cobalt Blue Holdings on 6 June 2025
Up to 75%
Cobalt Blue Holdings (ASX: COB) can earn up to 75% by
sole-funding development. AuKing retains 25% with no
further capital call. JV signed February 2025.
JV Structure
A$176.9M A$134M 11 yrs
Pre-tax NPV at 8%
39.7%
IRR Capex LOM
2.45 yrs
Payback
D E P O S I T M T C U % Z N % A G G / T
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Mkuju
M K U J U , T A N Z A N I A
OWN ERSHIP 100% AuKing
LOC ATION Immediately south-east of the Nyota uranium project
D R ILLING Program approved by Tanzanian authorities • Awaiting funding
H IGH GR AD E
PR ELIMINAR Y
R ESULTS
Reported high grade uranium results from initial drilling, rock chip and
soil samples in early 2024
Uranium optionality adjacent to a world-class uranium project.
Historical drill results cited are non-JORC 2012 compliant and are presented for contextual purposes only.
A$1.16 billion
ARMZ acquisition of Mantra Resources' Nyota uranium
project, 2011.
District Precedent
Adjacent Ground
Mkuju sits immediately SE of Nyota. AuKing's licence is
drill-ready with approvals granted - a funded program is
the remaining step to define resource potential.
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S E C T I O N 0 5
Capital and
Corporate
Structure, board and contact
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A deliberate critical minerals pivot.
S T R A T E G I C F O C U S
SH AR ES ON ISSUE 2.033B
APRIL 26 A$3M PLAC EM ENT AT A$0.015 200,000,000 new
SH AR E PR ICE $0.024
M AR K ET C APITALISATION $48M
C AS H (Post Placement) $2.5M
OPTIONS ON ISSUE 1.4B
ENTERPRISE VALUE $45.5M
Capital Structure Board of Directors and Management
Paul Williams | Managing Director
Ian McBride | Exploration Manager
Peter Tighe | Non-Executive Chair
Lincoln Ho | Non-Executive Director
Paul Marshall | CFO/ Company Secretary
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Critical Minerals.
I N C L O S I N G
Anchored by Tundulu.
1 Strategic critical minerals platform, Board reset adopted early 2026
2 Tundulu - large carbonatite REE asset in the same Malawi
district as Lindian (~A$1.6B+) and Mkango (~A$370M).
3 Big Wilson - Sn / W on the Australian Critical Minerals List, adjacent
to Renison Bell.
4 Koongie Park - JORC resource sole-funded to development by listed
JV partner
5 Mkuju - Uranium optionality with approvals granted, awaiting funding
Contact
AuKing Mining Limited | ASX: AKN
Paul Williams Managing Director
E p.williams@aukingmining.com
ABN 29 070 859 522
Suite 34, Level 10, Christie Centre
320 Adelaide St, Brisbane QLD 4000
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External sources and data attributions.
A P P E N D I X
Tundulu - Malawi
Historical REE / gallium drill results: JICA Malawi REE Survey (1987); Mota-Engil/ Optichem
drilling (2014-15). Non-JORC compliant.
Acquisitionterms: AuKing ASX announcement 17 April 2026 - acquisition from Tusker Minerals
(ASX: TSK) for up to A$5.55M.
District context: Lindian Resources (ASX: LIN) Kangankunde and Mkango Resources (AIM/TSXV:
MKA) Songwe Hill - companydisclosures.
Big Wilson, Koongie Park, Mkuju
BW001 result (17.4 m at 2.0% Sn): Venture Minerals historical drilling. Non-JORC. Renison Bell:
Metals X / Yunnan Tin disclosures.
Koongie Park JORC resources (Sandiego, Onedin, Mt Angelo North): AuKing announcements;
Cazaly historical resource for Mt Angelo North. Scoping June 2023.
Mkuju / Nyota: ARMZ acquisitionof Mantra Resources, 2011 - A$1.16B. Gage Resources
strategic investment - AuKing ASX announcement Feb 2025.
Historical non-JORC estimates are quoted for contextual purposes only. Independent technical verification is required before reliance.
Kangankunde / Songwe Hill Comparators
Kangankunde MRE: 261 Mt at 2.19% TREO (Lindian ASX 3 Aug 2023). Reserve 23.7 Mt at 2.9%
TREO (Lindian ASX 1 Jul 2024).
Songwe Hill: 21 Mt at 1.41% TREO M+I (NI 43-101); Reserve 18.1 Mt at 1.16% TREO. Updated FS
Mar 2026 (Mkango).
Market caps as of March-April 2026: Yahoo Finance, Investing.com, LSE, TradingView.
Share Price & Return Data
AuKing price reference: Yahoo Finance (AKN.AX) - 1-year price series, close 24 April 2026
A$0.0270.
1-year total return: +285.7% (benchmark: S&P/ASX 200 [XJO]). 52-week range A$0.0040 to
A$0.0280.
Market cap A$53.0M (intra-day, 24 April 2026). April 2026 placement priced at A$0.015 /
share.
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