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 28 ASX ANNOUNCEMENT 18 August 2026 AuKing to Further Expand Malawi Asset Portfolio Highlights • AuKing to acquire 100% of Malawian company Green Exploration Limited (GEL), the holder of several exploration licences across Malawi, including the Machinga Heavy Rare Earths, the Salambidwe Rare Earths and the Ngala Hill Copper/PGE projects in southern Malawi, together with the Karonga Copper licence in northern Malawi. • Salambidwe - Rare Earths Potential – situated in southern Malawi, this Project has been the subject of historical rock chip and soil sampling and a more recent airborne survey. No previous drilling has taken place. Highlighted results include: • (2010 rock chip samples) I4050 - 2.05% TREO, and I4053 – 7,924ppm Nb2O5. 1 • (2012 rock chip samples) SARX0018 – 1.14% TREO and 5,994ppm Nb2O5, and SARX0019 – 1.24% TREO and 4,934ppm Nb2O5. • Ngala Hill – Copper/PGE Opportunity – also situated in southern Malawi, has been the subject of previous geochemical surveys and exploration trenching and drilling. Publicly available reports from this historical exploration include highlighted results such as:2 • (1999 Phelps Dodge trenching) – 64m @ 1.41g/t PGE+Au and 1,430ppm Cu • (2000 Placer Dome trenching) – 12m @ 3g/t PGE+Au and 70m @ 1.12g/t PGE+AU incl 8m @ 3.3g/t PGE+Au • (2000 Placer Dome drilling) – 12m @ 3g/t PGE+Au from 62m (DDH1). • Karonga – Copper Prospectivity – limited available historical data. DY6 Metals noted in March 2025 the results of preliminary reconnaissance and sampling work revealed elevated levels of copper mineralisation. 3 • GEL is also the 100% owner of the Machinga Heavy Rare Earths Project that AuKing proposes to acquire (See ASX Release on 5 August 2026). Under the proposed acquisition arrangements with GEL, AuKing will continue to pay the agreed level of purchase consideration for Machinga but the licence will now remain owned by GEL which is intended to become a 100% subsidiary of AuKing. • Acquisition subject to ASX approval: AuKing will approach 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 GEL acquisition, and that acquisition is conditional upon ASX providing this confirmation. • Proposed copper-based spinoff combining Ngala Hill and Karonga with AuKing’s existing copper project interests, designed to unlock further value for AuKing shareholders. • AuKing is fully-funded to bring exploration immediately to Machinga and the other project interests 1 Globe Metals and Mining (ASX-GBE) release to ASX, 6 May 2011. 2 Independent Geologist Report of ERM Australia Consultants Pty Ltd T/A CSA Global for DY6 Metals Limited Prospectus dated 3 April 2023 3 DY6 Metals Limited (now Tusker Minerals Limited) release to ASX 19 March 2025. Page 2 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com of GEL, while also advancing its Tundulu rare earths project in the same region of southern Malawi. AuKing Mining Limited (ASX: AKN) (“AuKing” or “the Company”) is pleased to announce that it has agreed to acquire 100% of the issued shares in the Malawi-incorporated entity, Green Exploration Limited (GEL) (Proposed Acquisition). The acquisition of the shares in GEL enables AuKing to indirectly (but immediately) acquire ownership of several potentially significant critical minerals projects in Malawi that GEL currently holds. This includes the Machinga Heavy Rare Earths Project, the acquisition of which AuKing recently announced. GEL Assets Overview (a) Machinga [Note the details of this Project were set out in detail in the AuKing release to ASX on 4 August 2026] (b) Salambidwe Introduction The Salambidwe Rare Earths Project comprises exploration licence EL 0518 covering approximately 24.9km² in southern Malawi along the Mozambique border. The Salambidwe Project area is accessed via a 40 km gravel road from the town of Mwanza to the north. The Salambidwe Project is located within the Chilwa Alkaline Province of southern Malawi and the rocks of the Project area are characterised by the Salambidwe Ring Complex which comprises an intrusive suite dominated by syenites and nepheline-syenites with a core of agglomeratic rocks. The Salambidwe Ring Complex forms part of the Chilwa Alkaline Suite which also hosts notable deposits such as the Kangankunde, Songwe and Tundulu carbonatite deposits. The Salambidwe Ring Complex is approximately 6 km in diameter. The syenite rocks at Salambidwe are associated with anomalous radiometric values due to the presence of thorium and uranium mineralisation, reinforcing the potential for REE occurrences. ExplorationHistory The regional geochemical drainage surveys undertaken between 1969 and 1970 across the central and southern regions of Malawi, covered the Salambidwe syenite complex and returned high zinc, AuKing’s Managing Director Paul Williams said: “The proposed acquisition of the shares in Malawi company, Green Exploration Limited, provides Auking with a unique opportunity to expand its critical minerals portfolio in Malawi. "Historical exploration, together with the more recent work undertaken by DY6 Metals/Tusker Minerals, hasprovided confirmationof thepotentialforrareearths mineral discoveries atSalambidwe and copper/platinum group element discoveries at Ngala Hill. Both these projects are situated in southern Malawi and not far from AuKing’s existing operational base at Zomba. AuKing intends to commence exploration activities on the Green Exploration assets immediately following completion of the acquisition.” Page 3 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com molybdenum, tin values with low copper, nickel and chromium. Salambidwe has also been subject to early radiometric surveys which highlighted radiometric anomalies associated with syenite units. Early rock-chip and soil sampling totalling 464 points also highlighted REE and niobium anomalies which corresponded with overlying syenite units. Trenching has also been undertaken at Salambidwe. Globe Metals and Mining (ASX:GBE) undertook further rock-chip sampling in 2010, with results including 2.05% TREO, and a follow-up campaign in 2011 including trenching soil and auger surveys consisting of 393 and 59 samples, respectively. Figure1 – Location of AuKing’s existing Malawi projects and those to be acquired under the Green Exploration share sale On 6 May 2011 GBE announced the results of its reconnaissance sampling program that comprised 4 rock chip samples and 41 soil samples. Set out in Figure 2 below are the reported results from this program. Page 4 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Figure 2 – 2010 GBE rock chip sampling results (ASX Release 6 May 2011) In their December 2012 Quarterly Activities Report to ASX dated 31 January 2013, Globe reported the following highlighted results from their recent 108 rock chip sample survey at Salambidwe: Figure 3 – 2012 GBE highlighted rock chip sampling results (GBE December 2012 Quarterly Activities Report dated 31 January 2013) On 25 March 2024 DY6 Metals Limited (now Tusker Minerals Limited – ASX:TSK) reported the results of its extensive geochemical and geophysical sampling program at Salambidwe. A total of 514 soil and rock chip samples were collected over a 50km grid from outcrops across the licence area along with completion of an airborne geophysical program consisting of 45-line kilometres of electromagnetic plus radiometric surveying to map the magnetic and conductive properties of the geology of Salambidwe. Grid based geochemical sampling was undertaken to confirm historical exploration results of GBE and to expand the footprint of anomalous responses. Previous activity had not closed off the anomalous zones, nor had airborne geophysical surveys covered the area due to its proximity to the border with Mozambique. Globe completed a sampling and ground radiometric survey over part of the central ring complex area of the intrusion outlining several zones of strongly anomalous TREO and Nb responses, numerous zones extended to the limits of the sampling. TSK’s sampling was specifically aimed at either extending or closing off these anomalous zones to the northern and western part of the licence. Figure 4 below shows the extent of the historical TREO anomalism overlaid on TSK’s Total Count (TC) radiometrics image and the anomalous extensions generated by TSK’s exploration sampling. Though a portion of the western anomalous zone is outside the current tenure; being too close to the Mozambique/Malawi border; this anomalous trend was shown to be >2km long. The anomalous zone immediately to the west of the western zone which does not overlay strong radiometric response requires further exploration. Both soils and rock chips returned anomalous responses in this zone. The eastern zone is approximately 1,700m long and nearly 1,000m wide near its northern limits. Page 5 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Figure 4 - Enlarged Western Area of the Salambidwe Project showing TSK TREO Extensions to Historic Anomalous Zones on TC radiometric data. There has been no drilling undertaken at the Salambidwe Project. (c) NgalaHill Introduction The Ngala Hill Project comprises exploration licence EL 0510 covering approximately 16.4km²and 35km south-southwest of Blantyre in southern Malawi. The deposit is characterised as an outcropping ultramafic chonolith with widespread Pd-Pt-Au-Cu mineralisation that is palladium-rich. No significant modern exploration has been undertaken on the prospect including no electromagnetic (EM) surveys to target higher-grade massive sulphides. Three zones of palladium rich Pd, Pt, Au, Cu mineralisation have been identified to date. The main mineralised zone has only had limited drilling. Ngala Hill is proximal to the Nacala rail/ port corridor and grid power. The Ngala Hill ultramafic chonolith is an arcuate-shaped intrusion, with dimensions of approximately 2.4km by 0.7km and was intruded into the underlying Proterozoic Basement Complex gneisses. The Ngala Hill Project is characterised by an intrusive ultramafic suite of pyroxenites and hornblende- pyroxenites that intrude basement gneisses. The pyroxenite facies of the ultramafic complex is prospective for platinum group elements (PGEs), predominantly palladium, and associated copper. Page 6 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com ExplorationHistory4 Initial work at Ngala Hill in the late 1960s included geochemical sampling programs undertaken by the British and Malawian Geological Surveys. Following encouraging results from initial grab samples, Phelps Dodge started an exploration program for PGEs on Ngala Hill in 1999. Approximately 600 m of trenching was completed. Metapyroxenite and amphibolite with (PGE)-gold-copper-nickel association was intersected and yielded 1.41 g/t Pt+Pd+Au and 1,430 ppm Cu over a length of 64 m in a trench. In 2000, Phelps Dodge confirmed further anomalies with encouraging results received from several trenches, including: • 12 m at 3 g/t PGE+Au • 70 m at 1.12 g/t PGE+Au, including 8 m at 3.3 g/t PGE+Au. The average trench depth was between 1.5 m and 2.0 m and sampled material consisted of saprock or saprolite. Significant rock-chip assays from the 1999–2000 sampling program are shown below in Figure 5. Figure 5 – Summary of significant rock chip results from Phelps Dodge exploration at Ngala Hill A program of two diamond drillholes was planned and commenced. One hole was drilled, however, the drilling failed to reach the main mineralised zone. Therefore, the source intrusive at depth might not have been intersected and the geometry is unknown, although an arcuate shape was anticipated. Drilling underneath the mineralisation, taking all kinds of possible dips into consideration could not repeat the trench values, with no significant mineralisation intersected in any of the core samples. The correlation between copper and PGE assay values noted in weathered trench samples was also not observed in the core samples. Copper and nickel values in fresh rock were also significantly lower than in 55 saprock/saprolite samples, which might signify saprolite-hosted surface enrichment of PGE and base metals during tropical weathering, remobilisation or hydrothermal overprint or supergene enrichment. Three zones of palladium-platinum-gold-copper mineralisation were defined at Ngala Hill, including: • Main Zone striking parallel to the main spine of Ngala Hill for approximately 2 km; • Massive Sulphide Zone comprising laminated, outcropping 10 cm thick massive sulphide band with associated quartz breccias; and • Western Sill potentially mineralised at a similar topographic level to the Main Zone. In 2000, Placer Dome became involved in the project. More than 600 m of trenching was completed on 4 Section has been extracted from Independent Geologist Report of ERM Australia Consultants Pty Ltd T/A CSA Global for DY6 Metals Limited Prospectus dated 3 April 2023 from page 54 Page 7 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com the property, followed by a diamond drilling program of four holes in 2001. Significant trenching and drilling intercepts are shown in Figures 6 and 7 below, respectively. Figure 6 - Summary of significant trench results from Placer Dome exploration Figure 7 - Summary of diamond drilling results from Placer Dome exploration On 15 November 2024, DY6/TSK announced the results from a recent reconnaissance sampling program at Ngala Hill. See Annexure A and B below for full details. The assay results returned from the sampling exercise demonstrated the potential of this Project to host PGE and base metals mineralisation, noting the following highlights: • the 2.5g/t 2PGE+Au grade in the pyroxenite sample resulting from the microscopic interstitial sulphides observed in the sample. The interstitial sulphide mineralisation in the licence area could potentially be used as a pathfinder to uncover the orebody; • a quarter of the sample population returning 0.2g/t 2PGE+Au which presents an upside of the licence area (Figure 8 below); and • elevated zinc grades of 3.5% Zn with associated 0.7% Cu in a meta-pyroxenite (sample NGE011) confirms the occurrence of base metals in the licence area which may require further investigation. Page 8 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Figure 8 – Ngala Hill sample results and location (DY6/TSK release to ASX 15 November 2024) (d) Karonga The Karonga Copper Project comprises exploration licence EL 0782/24 covering approximately 36km², about 440km north of Lilongwe in far northern Malawi. DY6/TSK announced to ASX on 19 March 2025 that the Karonga licence had been granted and that preliminary reconnaissance/surveillance sampling had identified the occurrence of elevated Cu grades within the Karonga licence area. This Project has had very limited historical exploration undertaken and should be considered an early-stage greenfield exploration opportunity. Next Steps Following completion of the Proposed Acquisition, AuKing intends to commence a systematic review and prioritisation of the GEL exploration portfolio. Available historical geological, geochemical, geophysical and drilling datasets will be integrated with newexploration data within a mineral systems framework to develop a coherent understanding of the geological, structural and geochemical controls on mineralisation. This approach will enable AuKing to systematically identify and rank prospects and exploration targets across the portfolio, allowing exploration programs to be prioritised and sequenced within the Company's operational and financial capacity. At Machinga, initial activities are expected to include high-resolution drone magnetic, radiometric, and LiDAR surveys to better define the geological and structural architecture of the mineralised system. These datasets will be integrated with historical and recent geological and structural interpretation to build a mineral systems approach to refine extensions to the known REE-Nb mineralised system and define additional targets for follow-up RC and diamond drilling. Page 9 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com At Salambidwe, AuKing intends to complete detailed compilation and validation of the historical Globe Metals and DY6/TSK geochemical and geophysical datasets, including reprocessing and inversion modelling of the 2024 DY6/TSK 45 line-Km high resolution airborne magnetic-radiometric survey to identify areas where existing exploration coverage is limited. Once a gap analysis is established, it will be followed by targeted geological mapping, rock-chip and soil sampling where required. This work will focus on areas where both historical and recent REE-Nb anomalies coincide, particularly along the western and eastern anomalous trends, with the objective of defining targets for a maiden drilling program. Salambidwe has not previously been drill tested. At Ngala Hill, initial work is expected to comprise compilation and reinterpretation of the historical trenchingand drillingdata,geological and structuralmapping,and moderngeophysical surveying,including electromagnetic methods where appropriate, to assess the potential for sulphide-hosted Cu-PGE mineralisation and refine targets for follow-up drilling. At Karonga, AuKing intends to undertake reconnaissance geological mapping and systematic surface geochemical sampling to assess the significance and extent of the previously identified copper anomalism and determine whether more advanced exploration is warranted. Transaction Structure The Proposed Acquisition involves the acquisition by AuKing of all of the issued share capital in Malawi- incorporated company, Green Exploration Limited (GEL), which is currently a wholly-owned subsidiary of TSK. The Proposed Acquisition terms are summarized as follows: Satisfaction of ConditionsPrecedent Completion of the Proposed Acquisition will occur after satisfaction of the following conditions: a) Both AuKing and TSK receiving confirmation from ASX that full ASX quotation re-compliance will not be required under Chapter 11 of the ASX Listing Rules in relation to the proposed GEL acquisition; and b) All other regulatory approvals (if any) that may relate to the Proposed Acquisition have been obtained. On Completion Payment by AuKing of A$50,000 cash and: a) A$250,000 in fully paid ordinary AKN shares (10,000,000 shares) issued (subject to voluntary restriction as set out below) at an issue price of $0.025 per share; b) A$500,000 in performance shares, subject to the Ngala Hill milestone-based consideration set out below. A total of 20,000,000 performance shares will be issued at a price of $0.025 per security. Each ofthe shares listed above willbe issued by theCompany pursuant to itsexisting capacity under ASX Listing Rule 7.1. TSK will agree to voluntarily escrowthe shares in para (a) above for a 12-monthperiod,pursuant to a suitable deed to that effect. On or before 3 months after Completion, AuKing will pay a further A$50,000 cash to TSK. The Ngala Hill performance shares will convert into fully paid ordinary shares upon satisfaction of a defined Page 10 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com performance milestone (Performance Hurdle), being the announcement by AuKing of any two (2) drill intercepts at the Ngala Hill Project exceeding one of the following thresholds: • 20 metres @ ≥1.5 g/t Pd+Pt+Au (3E); or • 15 metres @ ≥2.0 g/t Pd+Pt+Au (3E); or • 10 metres @ ≥2.5 g/t Pd+Pt+Au (3E); or • any intercept containing ≥1.0 g/t Pd+Pt+Au together with ≥0.5% Cu over at least 20 metres, within three (3) years from the issue of the performance shares. The Ngala Hill performance shares shall be satisfied by AuKing issuing that number of ordinary shares at the 90-day VWAP as at the date of satisfaction of the Performance Hurdle subject to a maximum of 1 ordinary share for each performance share. In other words, each performance share will convert based on the formula $0.025/(90-day VWAP) subject to a maximum conversion rate of 1 ordinary share for each performance share. Note: The acquisition terms outlined above are in addition to those payable by AuKing under the Machinga Rare Earths transaction announced on 4th August 2026. Cautionary Statement Regarding Historical Exploration Results The historical exploration referred to in this release was prepared and reported in accordance with the JORC Code 2012. A Competent Person completed sufficient work to disclose the exploration results in accordance with the JORC Code 2012. It is possible that, following further evaluation and/or exploration work, confidence in the historical results may be reduced. Nothing has come to the attention of AuKing that causes it to question the accuracy or reliability of the former owners’ exploration results. However, AuKing has not independently validated those exploration results and therefore does not adopt, endorse or report them as JORC 2012 compliant. Note – Proximate Statements This announcement contains references to REE Projects derived by other parties either nearby or proximate to or in similar geological settings to and of the Projects mentioned in this Release. It is important to note that such discoveries or geological similarities do not in any way guarantee that the Company will have any success or similar successes in delineating a JORC compliant Mineral Resource on those Projects, if at all. AuKing’sDiversified Exploration Portfolio The proposed Machinga acquisition is consistent with AuKing’s strategy of building a portfolio of high- quality exploration projects focused on critical and other commodities. Upon completion of the acquisition, the Company’s portfolio will include: • Tundulu Rare Earths Project, southern Malawi; • Koongie Park Copper-Zinc-Silver Project, Western Australia (49% joint venture with Cobalt Blue Holdings Ltd); • Mkuju Uranium Project, southern Tanzania; and Page 11 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com • Big Wilson Tin-Tungsten Project, north-western Tasmania. AuKing intends to continue advancing exploration activities across its portfolio, with an immediate focus on progressing its rare earthsprojects inMalawi while continuing to evaluateandadvance opportunities across its uranium, base metals and tin assets. ASX Disclosure Regarding Historical Exploration Results This ASX release contains information derived from public disclosures of former owners and explorers of the respective Salambidwe, Ngala Hill and Karonga project areas. In accordance with ASX disclosure requirements the following additional matters need to be noted: • The historical exploration results reported in this release were made by companies other than AuKing, including DY6 Metals Ltd/Tusker Minerals Ltd (TSK) and Globe Metals and Mining Limited (GBE), which are both listed on the ASX, and ERM Australia Consultants Pty Ltd trading as CSA Global; • Copies of the historical exploration results are available as publicly available reports on the ASX platform; • AuKing’s Competent Person believes that, due to these historical exploration results relating to early-stage activities and being confirmed by competent technical persons from the respective companies, it is reasonable to rely on these results in the manner presented in this release; • AuKing intends (from now on) to report its own exploration results after the conduct of planned activities in accordance with the JORC Code 2012, utilising the historical exploration results as a general background rather than the basis for future reporting; • Details of the proposed future exploration activities that need to be completed before exploration results can be reported in accordance with the JORC Code 2012 comprise those matters listed on page 8 of this Release under the heading “Next Steps”, which are intended to commence as soon as possible after completion of the Proposed Transaction – proposed for later in 2026; • Funding of the exploration activities will be from AuKing’s existing cash reserves; • A statement by Ian Hodkinson, Competent Person, is set out below; • A cautionary statement in relation to the historical exploration results included in this release is set out above; and • AuKing has no other reason to suspect that the historical exploration results as reported in this release are misleading. 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 Page 12 of 28 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com 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 • PGE = Platinum Group Elements, namely Ruthenium (Ru), Rhodium (Rh), Palladium (Pd), Osmium (Os), Iridium (Ir), and Platinum (Pt). Competent Persons’ Statement The information in this report that relates to historical exploration results at the Salambidwe, Ngala Hill and Karonga Projects is based on information reviewed 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. ASX ANNOUNCEMENT 18 August 2026 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 13 of 28 APPENDIX A – Ngala Project Geochemical Sampling Assay Results (DY6/TSK 15 November 2024) AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 14 of 28 JORC Code, 2012 Edition – AuKing to Expand Malawi Asset Portfolio (Salambidwe REE - Nb/Ta Project, Malawi). [Note – The contents of this Table are based on materials that AuKing’s Competent Person has been able to access comprising the following reports: • Globe Metals & Mining Ltd announcement to ASX 29 July 2011, ‘June Quarter 2011 Activities Report.’ • Globe Metals & Mining Ltd announcement to ASX 24 January 2012, ‘December Quarter 2011 Activities Report.’ • Globe Metals & Mining Ltd announcement to ASX 30 April 2012, ‘March Quarter 2012 Activities Report.’ • Globe Metals & Mining Ltd announcement to ASX 31 January 2013 ‘December Quarter 2012 Activities Report.’ • DY6 Metals REE and PGE Projects, Malawi, Africa. Independent Technical Assessment Report, CSA Global, 28 March 2023 (in DY6 Prospectus, 27 June 2023). • DY6 Metals Ltd announcement to ASX 25 March 2024, ‘Exploration Progress at Salambidwe.’ Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 0.5 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 (eg submarine nodules) may warrant disclosure of detailed information. • An initial reconnaissance rock chip and soil sampling programme was undertaken by Globe Metals and Mining (Globe) in late 2010. This programme comprised 4 rock chip samples and 41 soil samples. • A second sampling programme in September 2011 included 345 soil pit samples and 78 auger samples on a 100m x 100m grid. A total of 42 rock-chip samples were collected. • A further rock chip sampling programme was undertaken by Globe in late 2012 comprising 108 samples. • A soil-pit and auger sampling programme comprising 158 sample was carried out in a grid pattern with approximately 2 kg samples collected at each point. • A further 84 rock samples were collected by Globe in 2014 of which 81 were sent for assay. • Rock-chip samples were collected where outcropping rock occurred. • Careful bagging of samples in individual plastic bags and accurate numbering and labelling of samples was completed in the field. • Ground radiometric surveys were conducted using a handheld ThermoScientific Radeye brand scintillometer integrated with a global positioning system (GPS) (Garmin GPSMAP78s). • The nominal spacing of readings was 10 m and a total of 2,269 readings were taken. • In late 2023 DY6 Metals (now Tusker Minerals Ltd) undertook a further programme of rock and soil sampling comprising 126 soil samples and AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 15 of 28 Criteria JORC Code explanation Commentary 385 rock samples across 50 line-km at Salambidwe. • DY6 simultaneously un