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HomeFinTechAuKing Mining: Achieves second earn-in milestone two years ahead of due date

AuKing Mining: Achieves second earn-in milestone two years ahead of due date

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AuKing Mining Achieves second earn-in milestone two years ahead of due date

  • AuKing Mining (AKN) achieves the second earn-in milestone under their Koongie Park joint venture agreement with Anglo Australian Resources (AAR), two years ahead of the due date
  • The Koongie Park gold and base metals project is situated in the Hall Creeks region of north-eastern Western Australia
  • AKN acquired a 25 per cent interest in the Koongie Park project in December by completing the first earn-in milestone funding expenditure
  • The final 25 per cent interest in Koongie Park has now been acquired by AKN via completion of the second earn-in milestone funding expenditure of $1.5M
  • Shares in AKN were trading 9.68 per cent higher at 17 cents

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