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 40 ASX ANNOUNCEMENT 4 August 2026 AuKing to Acquire Machinga Heavy Rare Earths Project, Malawi Highlights • AuKing to acquire 100% of the Machinga Heavy Rare Earths Project in south-eastern Malawi, located 40km east of Lindian Resources’ Kangankunde Project, comprising 200.4km² across two exploration licences in an emerging rare earths district. • Exceptional heavy rare earth enrichment - Machinga hosts 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 deposits. • Historical drilling returned multiple high-grade rare earth intercepts, including1 : • MDD007 — 15.1m @ 1.01% TREO, 0.36% Nb2O5, 27.70% HREO from 23.9m (3.71% Dy+Tb/TREO) Including — 4m @ 1.75% TREO, 0.63% Nb2O5, 28.25% HREO from 33m (3.8% Dy+Tb/TREO) • MDD008 — 9m @ 1.11% TREO, 0.41% Nb2O5, 27.58% HREO from 41m (3.72% Dy+Tb/TREO) Including — 3m @ 1.56% TREO, 0.49% Nb2O5, 30.98% HREO from 45m (4.1% Dy+Tb/TREO) • MDD006 — 9m @ 0.70% TREO, 0.30% Nb2O5, 28.53% HREO from 3m (3.84% Dy+Tb/TREO) And — 5.2m @ 1.61% TREO, 0.66% Nb2O5, 30.66% HREO from 41.4m (3.99% Dy+Tb/TREO) • MR011 — 7m @ 1.42% TREO, 0.49% Nb2O5, 28.99% HREO from 65m (3.8% Dy+Tb/TREO) • MR024 — 11m @ 0.74% TREO, 0.29% Nb2O5, 27.73% HREO from surface (3.8% Dy+Tb/TREO) Including — 2m @ 1.36% TREO, 0.49% Nb2O5, 29.04% HREO from 6m (4% Dy+Tb/TREO) • MR005 — 16m @ 1.01% TREO, 0.36% Nb2O5, 28.22% HREO from 78m (3.6% Dy+Tb/TREO) • MR019 — 13m @ 0.65% TREO, 0.25% Nb2O5, 25.21% HREO from surface (3.63% Dy+Tb/TREO) • Machinga is hosted in an analagous peralkaline igneous system as Bokan-Dotson Ridge (Alaska), a globally significant heavy rare earth deposit. While the Bokan-Dotson Ridge deposit (5.15Mt @ 0.58% TREO, ~22% TREO/HREO2 ) is proposed to be mined underground, Machinga's mineralisation is exposed from surface and demonstrates strong potential for lower-cost open-pit mining. The opportunity to recover niobium as a valuable by-product, further enhances Machinga’s strategic importance and rarity. • Compelling valuation benchmark – Ucore Rare Metals, owner of the Bokan-Dotson Ridge heavy rare earth project and listed on the TSX-V (UCU.V), currently has a market capitalisation of approximately A$320 million. By comparison, AuKing currently trades at a substantially lower valuation, providing scope for meaningful valuation uplift as Machinga advances through exploration, resource definition and development studies.3 1 Diamond and RC drilling programs conducted by DY6 Metals Ltd (now Tusker Minerals Limited – ASX:TSK) with results reported to ASX on 3 October, 26 October and 29 December 2023. (Refer cautionary statement on page 9 of this Release regarding these historical drilling results). 2 Ucore Rare Metals Inc. press release dated April 14, 2026 3 See note on page 9 in relation to comparable project statements Page 2 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com • With historical near-surface mineralisation, strong heavy rare earth enrichment and numerous untested targets, Machinga presents a compelling opportunity for a large-scale, shallow mining development in Malawi, a proven and cost-competitive mining jurisdiction. • AuKing is fully-funded to bring exploration immediately to Machinga, 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 a 100% interest in the Machinga Heavy Rare Earth Elements (HREE) Project in southern Malawi (Proposed Acquisition). The acquisition of Machinga provides AuKing with an additional high-quality rare earth project in Malawi at a time when heavy rare earths, particularly dysprosium and terbium, are attracting increasing strategic interest in the United States and globally amid efforts to strengthen resilient, diversified supply chains for critical minerals. Machinga Project Overview The Machinga HREE Project comprises two exploration licences (EL 0529 and EL 0705) covering approximately 200.4km² in southern Malawi. The project is located approximately 20km north of the city of Zomba and is readily accessible via the main north-south highway connecting Zomba and Lilongwe. Machinga is situated within the Mesozoic Chilwa Alkaline Province, a well-recognised rare earth mineral province that hosts several significant rare earth projects, including Lindian Resources' Kangankunde Project and Mkango Minerals’ Songwe Hill Project. The project area is positioned along the north-eastern margin of the Zomba-Malosa intrusive complex, where alkaline intrusive rocks have generated favourable geological conditions for rare earth element mineralisation. The Chilwa Alkaline Province comprises a series of alkaline intrusive complexes, including nepheline syenites, syenites and alkaline granites, which occur in ring-shaped intrusive bodies typically ranging from approximately 5km to 10km in diameter. These geological settings are recognised globally as favourable hosts for rare earth element mineralisation. The Machinga Project is located along the north-eastern edge of the Zomba-Malosa pluton, which intruded the Precambrian basement gneiss. The intrusive complex comprises a range of syenitic lithologies, AuKing’s Managing Director Paul Williams said: “The proposed acquisition of the Machinga Heavy Rare Earths Project represents another important step in AuKing’s strategy to build a portfolio of high-quality critical minerals projects in Malawi. "Historical exploration, together with the more recent work undertaken by DY6 Metals/Tusker Minerals, has confirmed Machinga as a highly prospective heavy rare earth and niobium project. With near-surface HREO% results from that 2023 drilling reported in the order of 30% and bearing the similar peralkaline geology, Machinga has the potential to become comparable to the large Strange Lake and Bokan Mountain REE deposits in North America. Covering more than 200km2 , Machinga has potential to become a district-scale rare earths project and is easily accessible by road just north of the city of Zomba in southern Malawi. AuKing intends to commence exploration activities immediately following completion of the acquisition.” Page 3 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com including quartz syenite grading into alkaline granite along its eastern margin. Mineralisation at Machinga has beendefined over astrike length of 2 km and comprises niobium,tantalum, zirconium, uranium and rare earth element (REE) anomalies. REE mineralisation is hosted within eudialyte, a zirconosilicate mineral characteristically associated with peralkaline magmatic complexes such as those within the Zomba-Malosa pluton and the surrounding Chilwa Alkaline Province. Eudialyte is commonly enriched in zirconium and hafnium and is also recognised as an important source of neodymium and heavy rare earth elements (gadolinium to lutetium). This peralkaline geological setting is very similar to the well-known HREE deposits in North America Strange Lake (in northern Quebec) and Bokan Mountain (in south-eastern Alaska). Figure 1 – Machinga Project location (Note references in this Figure to resource estimates as published by Lindian Resources (ASX:LIN on 2 May 2024 and Mkango Resources Ltd (AIM/TSXV:MKA) on 4 February 2019) Page 4 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Exploration History Throughout the 1950s to 1970s, a series of geophysical, geochemical and (to a lesser extent) drilling campaigns were undertaken by groups from the Geological Survey of Great Britain and other government organisations in the pre-independenceera.The work focused on three outcropping pegmatites located near radiometric anomalies found in the basement gneisses. The anomalies detected through the early geophysical surveys were noted to underly fine-grained epidotised rocks, their pegmatite equivalents, and an alkaline granite ring dyke. The early drillholes were analysed by geologists on behalf of the Atomic Energy Division of the Geological Society of Britain and were found to intersect radioactive granites and pegmatite veins. Much of the data and records from the early surveys of the project area are unavailable. In 1986, the United Nations Development Program sponsored an airborne magnetic and radiometric survey undertaken by Huntington Geology and Geophysics Limited. Interpretation was completed by Paterson, Grant & Watson Limited in 1987. The survey identified numerous uranium anomalies across the Zomba region, and (as can be seen in Figure 2 below) identifies anomalies in the Machinga area which have formed the basis of exploration activities since that time. Figure 2 – Historical uranium anomaly map covering the Machinga Project licence areas (Source: CSA Global Independent Technical Assessment Report p34, included in DY6 Metals dated 3 April 2023.) A summary of the more recent exploration activities conducted at Machinga (and generally, focussed on the northern section of the Main Machinga Anomaly) includes the following: • In 2009 Resource Star Limited (RSL) completed an orientation soil sampling program over the Machinga Main Anomaly, 149 samples were collected. • Globe Metals and Mining Ltd (ASX: GBE) undertook a trenching program 1,635m in total length which yielded 281 samples. • GBE also completed two RC drilling programs in 2010-12 comprising 36 RC holes for 4,045 metres. (See Appendix D) • DY6/Tusker undertook a combined RC and diamond drilling program in late 2023. A total of 35 RC holes Page 5 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com (MR001 – 035) were drilled for 3,543 metres and 8 diamond drill holes (MDD001 – 008) were completed for 900 metres. (See Appendix C) • DY6/Tusker have also completed several programs of rock chip and soil sampling which continue to highlight areas of interest. (See Appendices E and F) The recent exploration activities of DY6/Tusker will form the basis of AuKing’s exploration planning if the Machinga acquisition proceeds and accordingly, the highlights from TSK’s activities are as follows: 2023 RC/Diamond Drilling The initial focus of DY6 with this maiden drilling program was to test the known strike of the confirmed historic drill results in the northern anomalous zone at Machinga. Results from the program confirmed a strong mineralised hydrothermal breccia system striking NW-SE and dipping shallowly ~ 35 degrees to the north-east. Very high-grade zones were intersected from the diamond drill holes, as well as the suggestion of the mineralised zones thickening at depth and continuous into the other licence area to the north-east of the drilling. Significant intercepts (see ASX announcement dated 29 December 2023) included: • MDD007 — 15.1m @ 1.01% TREO, 0.36% Nb2O5, 27.70% HREO from 23.9m (3.71% Dy+Tb/TREO) Including — 4m @ 1.75% TREO, 0.63% Nb2O5, 28.25% HREO from 33m (3.8% Dy+Tb/TREO) • MDD006 — 9m @ 0.70% TREO, 0.30% Nb2O5, 28.53% HREO from 3m (3.84% Dy+Tb/TREO) Including — 2m @ 1.20% TREO, 0.58% Nb2O5, 23.24% HREO from 6m (3.64% Dy+Tb/TREO) Also — 5.2m @ 1.61% TREO, 0.66% Nb2O5, 30.66% HREO from 41.4m (3.99% Dy+Tb/TREO) Including — 1m @ 2.67% TREO, 1.01% Nb2O5, 29.21% HREO from 44m (3.9% Dy+Tb/TREO) • MR004 — 6.1m @ 1.09% TREO, 0.4% Nb2O5 from 22.5m (3.78% Dy+Tb/TREO) • MDD008 — 9m @ 1.11% TREO, 0.41% Nb2O5, 27.58% HREO from 41m (3.72% Dy+Tb/TREO) Including — 3m @ 1.56% TREO, 0.49% Nb2O5, 30.98% HREO from 45m (4.1% Dy+Tb/TREO) (Results returned an average of 29% HREO:TREO and 3.6% DyTb:TREO at a cutoff grade of >0.25% TREO) Figure 3 – Historical DY6 drill hole collar locations at the Machinga North Prospect Page 6 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com The diamond drilling program consisted of five holes drilled to depths of ~150m and three holes drilled to depths of 50m. The program was designed to determine the structural setting and geology of the Machinga deposit, obtain material for mineralogical investigations and commence preliminary metallurgical test work. Mineralogical analysis of the 15.1m intersection in drill hole MDD007 identified a high proportion of heavy rare earth oxides (HREO) at 27.7% HREO/TREO and 3.7% Dy+Tb/TREO, together with 15.2% NdPr oxide. Figure 4 – Drill section showing historical DY6 Metals diamond drill holes MDD004, MDD007, MDD008, RC hole MR002 (reported to ASX on 23 January 2024), and historical GBE drill holes MARC005, MARC015, MARC016, MARC029 and MARC030. ( Full details of the historical DY6 and GBE drillhole details are provided in Appendices C and D) 2024/25 Rock Chip and Soil Sampling In early 2024 DY6 conducted a comprehensive geochemical sampling program over the Machinga licences, initially targeting the western side of the maiden drilling areas in EL0529 before moving to the anomalous soil responses in the southern region of the main Machinga prospect in EL0705. Significant rock chip samples assay results included: • 2.26% TREO, 0.19% Nb2O5 (MEX061) • 1.60% TREO, 0.60% Nb2O5 (MEX098) • 3.22% TREO, 0.75% Nb2O5 (MEX141) • 1.00% TREO, 0.11% Nb2O5 (MEX270) Page 7 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com • 1.16% TREO, 0.41% Nb2O5 (MEX510) Figure 5 – Historical soil and rock chip TREO (%) results across the Machinga Project, showing historical uranium radiometric anomalies and DY6 drill hole locations. DY6 reported that the results indicate multiple parallel zones consistent with the drilling results (Figure 5). The area of drilling and to the southeast tend to show patchy results due to extensive soil cover derived from up slope to the west, but clearly anomalism is not being dispersed. The two western anomalies where sample density is higher show a much more continuous character of greater TREO results, highlighting the scale potential of REE mineralisation in this area of the licence. This zone was only partially tested by the first phase of drilling as no drilling was completed west of the main road. Previous drilling primarily focused on the north-east region of Machinga main northern anomaly near the licence border and where GBE initially explored. These rock chip results indicated significant potential exists for further drilling to the west and south of the initial focus of drilling activity within the large 2.7km long soil NW to SE oriented geochemical anomaly (Figure 5). On 19 December 2025, TSK announced the results of a follow-up soil and rock chip sampling program designed to test the continuity of mineralisation southeast of the previous drilling and soil/rock chip Page 8 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com sampling programs. A total of 116 samples, comprising 77 rock chips samples and 39 soil samples collected on a 400m by 200m grid spacing, returned strong gallium results together with encouraging REE and niobium values, supporting further exploration across this area. Next Steps Applying modern exploration techniques, AuKing intends to commence exploration activities as soon as soon as practicable following completion of the acquisition. Initial work will focus on integrating the extensive historical drilling, geochemical and radiometric datasets with modern airborne (drone-based) magnetic and LiDAR surveys to refine the structural controls on mineralisation and identify priority drill targets across the project. The initial exploration program is expected to focus on extending known mineralisation along strike and at depth, together with testing several large radiometric anomalies that remain largely unexplored. Particular emphasis will be placed on evaluating the western and southern extensions to the historically drilled Machinga North Prospect, where historical drilling and recent rock chip and soil sampling have highlighted significant exploration potential. Transaction Structure The Proposed Acquisition comprises the following staged consideration: ExclusivityPayment A non-refundable A$5,000 cash payment (already paid) to secure a 40-day exclusivity period, during which: a) AuKing has completed satisfactory legal and technical due diligence; b) AuKing and TSK having obtained ASX clearance under Chapter 11 of the ASX Listing Rules; and c) Binding transaction documentation has been finalised and signed by the parties. Each of the actions in (a), (b), and (c) above have now been completed. On Completion A$750,000 cash and: a) A$750,000 in fully paid ordinary AKN shares (30,000,000 shares) issued (subject to voluntary restriction as set out below) at an issue price of $0.025 per share; b) A$1,250,000 in performance shares, subject to milestone-based consideration set out below. A total of 50,000,000 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 12 months after Completion, AuKing will pay a further A$1,250,000 cash to TSK. The performance shares will convert into fully paid ordinary shares upon satisfaction of a defined performance milestone (Performance Hurdle), being the reporting of a JORC-compliant Mineral Resource of at least 10Mt at 0.65% TREO at the Machinga Project within three (3) years from the issue of the Page 9 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com performance shares. The 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. Completion of the Proposed Acquisition is subject to approval for the transfer of the Machinga licences to AuKing’s nominated Malawi subsidiary by the Mining and Minerals Regulatory Authority (MMRA) in accordance with the Malawi Mines and Minerals Act 2023. 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 the Machinga Project. 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 the Machinga Project, 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 • 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. Page 10 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com ASX Disclosure Regarding Historical Exploration Results This ASX release contains information derived from public disclosures of former owners and explorers of the Machinga project area. 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; • 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 mostly AuKing’s initial drilling program, intended to commence as soon as possible after completion of the Proposed Transaction – proposed for later in 2026, subject to drilling rig availability and weather conditions; • 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 11 of 40 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 • HREO% = HREO/TREO x 100 • MREE = Nd, Pr, Dy, Tb • NDPR% = (Nd + Pr)/TREO Competent Persons’ Statement The information in this report that relates to historical exploration results at the Machinga Heavy Rare Earths Project 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. Page 12 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com APPENDIX A – DY6 2023 drill collar locations Page 13 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com APPENDIX B – GBE 2010-2012 drill collar locations Page 14 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com APPENDIX C – DY6 2023 significant drilling intersections (see DY6 ASX releases dated 3 and 10 October and 29 December 2023 for full assay details) [Note – results below are based on 2,500ppm TREO cutoff, minimum 3m width and maximum 2m internal dilution] Page 15 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 16 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 17 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com APPENDIX D – GBE 2010-2012 significant drilling results (See DY6 release to ASX on 6 July 2023 for a complete list of these assay results) Page 18 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 19 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com APPENDIX E – DY6 2024 rock chip and soil results Page 20 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 21 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 22 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 23 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 24 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 25 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 26 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 27 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 28 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 29 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 30 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 31 of 40 APPENDIX F – DY6 2024 rock chip and soil results AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 32 of 40 AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 33 of 40 JORC Code, 2012 Edition – AuKing to Acquire Machinga Heavy Rare Earths 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: • Resource Star Ltd announcement to ASX 10 December 2008, ‘Uranium Growth Opportunity.’ • Resource Star Ltd announcement to ASX 14 October 2009, ‘Malawi Exploration Update.’ • Globe Metals & Mining Ltd announcement to ASX 17 February 2010, ‘Soil sampling results define strong, 7km +REE anomaly at Machinga, Malawi.’ • Globe Metals & Mining Ltd announcement to ASX 15 April 2010, ‘High Grade HREO Mineralisation at Machinga.’ • Globe Metals & Mining Ltd announcement to ASX 26 May 2010, ‘33m-Wide Zone of Heavy Rare Earth Mineralisation – Machinga.’ • Globe Metals & Mining Ltd announcement to ASX 19 July 2010, ‘New Zones of HREE & Niobium Mineralisation – Machinga Project.’ • Globe Metals & Mining Ltd announcement to ASX 29 July 2010, ‘Commencement of Maiden Drilling Program – Machinga REE Project.’ • Globe Metals & Mining Ltd announcement to ASX 22 November 2010, ‘Drilling Results Confirm Significant Heavy Rare Earth Discovery at Machinga.’ • 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 6 July 2023, ‘Machinga REE + Nb Exploration Update.’ • DY6 Metals Ltd announcement to ASX 11 September 2023, ‘Maiden Drilling at Machinga identifies potential for widespread REE mineralisation.’ • DY6 Metals Ltd announcement to ASX 26 October 2023, ‘Further High Grade REE & Niobium Results from Final RC holes at Machinga.’ • DY6 Metals Ltd announcement to ASX 10 October 2023, ‘High-grade REE + Nb results continue at Machinga’. • DY6 Metals Ltd announcement to ASX 29 December 2023, ‘High Grade REE & Nb Results from Diamond Drilling at Machinga.’ • DY6 Metals Ltd announcement to ASX 19 April 2024, ‘Rock Chips of up to 3.22% TREO identified in newly granted Machinga licence.’ • Tusker Minerals Ltd announcement to ASX 19 December 2025, ‘High Grade Results Materially Extend Gallium, REE and Phosphate Mineralisation.’ AuKingMining Limited P 07 3535 1208 W www.aukingmining.com Page 34 of 40 Section 1 Sampling Techniquesand Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (e.g. 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 (e.g. ‘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 (e.g. submarine nodules) may warrant disclosure of detailed information. • Previous ASX releases by Retail Star Limited (RSL, ASX: RSL), Globe Metals and Mining (Globe, ASX: GBE) and Tusker Minerals (Tusker, ASX: TSK) document the existence of a number of earlier sampling and drilling programmes. • Tusker report that the Globe ground radiometric surveys were conducted using a handheld ThermoScientific Radeye brand scintillometer integrated with a GPS (GARMIN GPSMAP78s). Soil sampling w