AuKing Mining to benefit from best uranium fundamentals in a decade
September 07, 2023 at 12:41 pm
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AuKing Mining Ltd (ASX:AKN) CEO Paul Williams speaks with Proactive from the Africa Down Under conference in Perth. The company is advancing a 3,000-metre drilling and associated soil sampling program at its Mkuju Uranium Project in southern Tanzania. AuKing holds six contiguous prospecting licences (PLs) and one near-granted PL application covering 730 square kilometres in the Mkuju region, about 470 kilometres southwest of Dar es Salaam. All up, the program will take two months to complete, during which the company plans to collect 400 soil samples as well as drill 150 auger holes with an estimated average depth of 20 metres per hole.
AuKing is seeking to become a mid-tier copper, uranium and other base and precious metals producer.
The Board of AuKing Mining continues to focus on transforming the company into a substantial mid-tier mining group, with a primary focus on acquiring and developing near-term copper, gold and other base metal production activities (both locally and overseas).
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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AuKing Mining Limited is an Australia-based mining exploration company focused on uranium, copper and zinc projects in both Tanzania and Australia. The Company has six projects in Tanzania, four of which are prospective for uranium (Manyoni, Mkuju, Itigi and Magaga) and the other two are prospective for copper (Mpanda and Karema). The Manyoni/Itigi project is situated nearby the central Tanzanian city of Dodoma and on the railway line that runs to the port city of Dar es Salaam. The Mkuju project is situated in southern Tanzania. The Mpanda/Karema project is a prospective copper area in western Tanzania that was the subject of historic mining operations but largely untouched by modern exploration methods. The Company holds the Koongie Park Copper Zinc Project in Western Australia's Halls Creek Region, which hosts a Joint Ore Reserves Committee resource and is neighbored by several significant mining and development operations, including Nicholson's Gold Mine and Savannah Nickel Mine.