Update - Notification regarding unquoted securities - AKN
Released
Released
Announcement PDF
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 5
Update Summary
Entity name
AUKING MINING LIMITED
Announcement Type
Update to previous announcement
Date of this announcement
Wednesday October 14, 2026
Reason for the update
Incorrect number of securities on original form - it should be 20,000,000 not 10,000,000
Refer to next page for full details of the announcement
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2 / 5
Part 1 - Entity and announcement details
1.1 Name of entity
AUKING MINING LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type
ABN
Registration number
29070859522
1.3 ASX issuer code
AKN
1.4 The announcement is
1.4a Reason for update to a previous announcement
Incorrect number of securities on original form - it should be 20,000,000 not 10,000,000
1.4b Date of previous announcement to this update
13/10/2026
1.5 Date of this announcement
14/10/2026
Update/amendment to previous announcement
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3 / 5
Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Previous Appendix 3B details:
Announcement Date and
Time
18-Aug-2026 09:18
Announcement Title
New - Proposed issue of securities -
AKN
Selected Appendix 3B to submit quotation
request
A placement or other type of issue
2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the
Appendix 3B?
No
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are
not quoted, and are not intended to be quoted, on ASX
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4 / 5
Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been
notified to ASX in an Appendix 3B
Placement Details
ASX +security code and description
AKNAW : PERFORMANCE SHARES
Date the +securities the subject of this notification were issued
13/10/2026
Any other information the entity wishes to provide about the +securities the subject of this notification
The performance shares will convert into fully paid ordinary shares upon satisfaction of a defined 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 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.
Issue details
Number of +securities
20,000,000
Were the +securities issued for a cash consideration?
Please describe the consideration being provided for the +securities
Part of the consideration payable for the acquisition of Malawi company Green Exploration Limited
No
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5 / 5
Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of
the entity will comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if
other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
AKNO : OPTION EXPIRING 31-DEC-2026 336,443,765
AKN : ORDINARY FULLY PAID 2,375,066,986
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
AKNAU : PERFORMANCE RIGHTS 192,500,000
AKNAV : OPTION EXPIRING 31-DEC-2029 EX $0.005 899,857,142
AKNAW : PERFORMANCE SHARES 77,142,857
AKNAO : OPTION EXPIRING 30-APR-2027 EX $0.03 304,734,034
AKNAS : OPTION EXPIRING 30-JUN-2028 EX $0.009 33,333,333
Share your feedback
Discover