AUKING MINING LIMITED(AKN)

Reinstatement to official quotation on ASX following completion of public offer to raise ~$7m through the issue of 35m shares and 17.5m options exercisable at 25c (expiring June 2023). Total issued shares of 60.2M shares, creating a market capitalisation of $12M and enterprise value of $5M upon reinstatement of official quotation. Capital raising was oversubscribed and provides financial flexibility to progress the 75% earn-in of Koongie Park. Approximately 22% of the total issued shares will be subject to escrow restriction of between 12 and 24 months. Koongie Park copper/zinc project is situated in the highly mineralised Halls Creek region of WA and comprises two mining and eight exploration licences covering 500km2. Existing JORC 2012 resources of 6.36Mt at 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag. Koongie Park tenures are highly prospective for discovery of further Volcanic Massive Sulphide deposits and extensions. Clear strategy in place for development and an active works campaign to commence immediately.

The suspension of trading in the securities of AuKing Mining Limited will be lifted from the commencement of trading on Tuesday, 15 June 2021, following AKN's re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

The company has now satisfied the final requirements of ASX under Chapter 1 and 2 of the Listing Rules and confirm that re-listing of the AKN shares and options will take place at 10am on Tuesday, 15 June 2021. All conditions precedent in respect of the Koongie Park Project Agreement with Anglo Australian Resources NL have been satisfied.

Anglo Australian Resources has now received payment of the final $900,000 from AuKing Mining Limited with respect to the Koongie Park Project Agreement announced on 25 June 2020. AuKing has earned a 25% participating interest in the Koongie Park Joint Venture. AuKing has the opportunity to earn up to a 75% interest in the Joint Venture by funding exploration and project development studies.

The company releases the following: Appendix 1A Listing Application, Appendix 1A Information Form and Checklist, Information Form and Checklist Annexure 1 (Mining Entities), Updated Constitution, Pre-Quotation Disclosure, Updated Pro-forma Statement of Financial Positon, Satisfaction of Koongie Park Transaction Conditions, Top 20 (shares), Top 20 (Options), Distribution Schedule (Shares), Distribution Schedule (Options), Technical Memo on Applicability of AmmLeach to Koongie Park.

The securities of Auking Mining Limited are expected to be reinstated to Official Quotation at the commencement of trading at 10:00 AM AEST on Tuesday, 15 June 2021, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. AKN raised $7 million pursuant to the offer under its prospectus dated 9 March 2021 as supplemented by the First Supplementary Prospectus dated 19 March 2021, the Second Supplementary Prospectus dated 23 April 2021, the Third Supplementary Prospectus dated 4 May 2021, the Fourth Supplementary Prospectus dated 31 May 2021 and the Fifth Supplementary Prospectus dated 3 June 2021 ("˜Prospectus') by the issue 35,000,000 shares at an issue price of $0.20 per share and 17,500,000 quoted options exercisable at $0.25 per option expiring on Friday, 30 June 2023.

Excellent progress has been made with the various outstanding matters associated with the Koongie Park transaction. Subject to the Company satisfying the final requirements of ASX under Chapter 1 and 2 of the Listing Rules, it is currently expected that re-listing of the AKN shares and options will take place on 15 June 2021. One of the resolutions approved by shareholders related to the consolidation of the Company's issued capital on the basis that every two hundred (200) shares be consolidated into one (1) share. Consolidation is now complete. Post consolidation the Company had on issue a total of 4,663,199 ordinary shares. The Company has also issued all other shares that were approved for issue at the EGM. The public offer has now closed welloversubscribed. AKN has been fortunate to secure applications in excess of the maximum $7m and will issue the full 35m shares and 17.5m free-attaching options. AKN is working on a range of proposed exploration activities to be implemented at Koongie Park as soon as possible after ASX re-admission. Significantly, negotiations and preparations are being finalized to allow for AKN to commence a substantial drilling program in and around the two primary deposits, Onedin and Sandiego.

The company releases a fifth supplementary prospectus in relation to the public offer and copper/zinc transaction.

The company releases the fourth supplementary prospectus. The company will extend the closing date of the public offer until this Thursday, 3 June 2021, while it obtains ASX's requested independent report.

The company releases an Appendix 2A.

The company releases a notice of Proposed issue of Securities - AKN.

The company releases the Results of its Meeting.

The company releases a notice of consolidation. Shareholders get 1 share for every 200 presently owned.

The company releases a third supplementary prospectus to confirm that agreement has been reached by AKN with various parties where the material agreements were due to lapse on either 29 or 30 April 2021. These included the Koongi Park earn-in agreement with Anglo Australian Resources, the JCHX loan agreement and respective long-term convertible note agreements.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company releases a supplementary prospectus.

The general meeting of shareholders has been convened to be held at 9.30am on Friday, 21 May 2021 both virtually (online) and in person at Level 7, 1 Eagle Street, Brisbane.

The company releases a letter to its shareholders regarding the EGM.

The company releases a notice of Proposed issue of Securities - AKN.

The company releases an Corporate Governance Statement 2021.

The company releases an Appendix 4G.

The company lodges its Annual Report to shareholders.

The compay releases a supplementary prospectus in relation to the public offer of up to 35,000,000 fully paid ordinary shares at an issue price of 20c per share to raise up to $7million lodged on 9 March 2021.

The company releases a letter to its shareholders regarding the public offer and Koongie Park copper/zinc transaction.

The Prospectus is being issued in connection with the Company's proposed acquisition (by way of earn-in) of up to a 75% interest in the Koongie Park copper/zinc project near Halls Creek in north-eastern Western Australia. The Prospectus is a re-compliance prospectus for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy the ASX requirements for re-admission to the Official List following a change in the nature and scale of the Company's activities. The Company proposes to shortly issue a Notice of Meeting for an extraordinary general meeting of shareholders, with the Company aiming to hold this meeting on or around 16 April 2021.

The company releases a notice of Proposed issue of Securities - AKN.

A prospectus was lodged with ASIC in relation to a public offer of up to 35,000,000 fully paid ordinary shares at an issue price of 20c per Share to raise up to $7million, with a minimum subscription of $6million (30,000,000 shares). The offer includes free-attaching options exercisable at 25c on or before 30 June 2023, to be issued on the basis of one option for every two shares issued.

The company issues a notice of Proposed issue of Securities - AKN.

The company releases details on the issue of 230,000 convertible notes in the company at an issue price of $1 per note to private sophisticated investors. When combined with the notes recently issued on the same terms, the company has raised a total of $750,000. Notes term - 31 December 2021. Interest payable - 10% per annum, payable quarterly in arrears. Convertibility - automaticaly, on completion of the company's proposed capital raising, as part of the proposed ASX relisting of AKN's shares - at an issur price of 12c per share; at the election of the holder, notes may be converted at a 55% discount to the proposed 20c issue price to be offered to the public under the company's prospectus.

The company lodges its Half Year Report and Accounts 30 June 2020.

The company releases a notice of Proposed issue of Securities - AKN.

The company releases a notice on the issue of 520,000 convertible notes in the company at an issue price of $1 per note to clients of Novus Capital Limited, including a large institutional investor. Novus Capital is the company's lead manager for the proposed minimum $6 million capital raising of the company. The convertible note terms are similar to the company's existing issued notes and are summarized as follows: total funds raised - $520,000; notes term - 31 December 2021; and interest payable - 10% per annum, payable quarterly in arrears. Funds raised from the issue of these convertible notes will be used for ongoing operating costs and costs associated with the Koongie Park earn-in agreement and the company's recompliance activities including a prospectus capital raising, shareholder meeting and other actions as may be required by ASX.

Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Friday, 19 February 2021 will have its securities suspended from official quotation before the commencement of trading on Monday, 22 February 2021. The company has not paid the second instalment of its annual listing fees in respect of the year ending 30 June 2021 but the securities are already suspended from official quotation.

In principle advice has been received from the ASX, following which AKN intends to proceed with its proposed Koongie Park copper/zinc transaction with Anglo Australian NL and capital raising. AKN will be required to meet all of the requirements for re-admission to ASX and re-quotation set out in Chapters 1 and 2 of the Listing Rules to ASX's satisfaction. AKN now intends to proceed with the issue of a prospectus for the proposed raising of a minimum of $6M, with provision to accept over-subscriptions for a further $1M, in order to raise sufficient funds to enable AKN to carry out its earn-in obligations at Koongie Park. AKN will be making provision for a priority entitlement under the capital raising for existing shareholders who wish to participate in the raising. AKN has engaged CSA Global to prepare an Independent Technical Report for inclusion in the prospectus document.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company has signed a mandate with Sydneybased Novus Capital Limited as the Lead Manager for its upcoming capital raising and proposed re-quotation on the ASX. Novus will lead and co-ordinate all funds raised for the AKN capital raising and will continue to provide corporate advisory services after that activity is completed. AKN is proposing to raise a minimum of $6M, with provision to accept oversubscriptions for a further $1M, in order to raise sufficient funds to enable AKN to carry out its earn-in obligations at the Koongie Park copper/zinc project in northeastern Western Australia. AKN intends to commence the capital raising in October/early November 2020.

The company lodges its Preliminary Half Year Accounts.

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company releases the results of its meeting.

The company releases a notice of Proposed issue of Securities - AKN.

The company has issued 150,000 convertible notes in the company at an issue price of $1 per note to a sophisticated private investor. The convertible note terms are identical to the company's existing issued notes. The funds raised from the issue of these convertible notes will be used for ongoing operating costs and costs associated with the Koongie Park earn-in agreement and the company's re-compliance activities including a prospectus capital raising, shareholder meeting and other actions as may be required by ASX.

CSA Global has been appointed to act as independent technical specialist for the company in relation to the Koongie Park project.

The company's AGM will be held on Thursday, 30 July 2020 at 9.30am (Brisbane time) at Level 7 Waterfront Place 1 Eagle St, Brisbane.

Anglo Australian Resources releases an announcement regarding entering into a binding term sheet with AuKing Mining in respect of the Koongie Park Base Metals Project in the Kimberley region of WA. AuKing can earn up to a 75% interest in the Koongie Park Project by making a $1m cash payment to Anglo Australian and spending $3m on exploration via two earn-in periods over an aggregate three-year period.

AKN has entered into an agreement withAnglo Australian Resources NL to earn up to a 75% interest in the Koongie Park copper/zinc project, situated 25kms south-west of Halls Creek in northern Western Australia. Koongie Park is already a significant undeveloped base metals project with publicly reported JORC 2004 resources containingcopper, zinc, gold and silver. Koongie Park has been the subject of extensive exploration drilling and feasibility studies, focussing on deeper sulphide resources as the near-surface oxides could not be processed. As part of the transaction, AKN will engage the services of a group that licences the Ammleach ammoniacal leaching process. AKN can earn up to a total 75% Koongie Park project interest by incurring $4M of expenditure over a period of 3 years. That funding is intended to be sufficient to carry out necessary processing testwork and establish the commercial feasibility study for the development of a mine at Koongie Park.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

The company lodges its Quarterly Activities Report.

The securities of AuKing Mining Limited will be suspended from quotation immediately, following receipt of an announcement regarding a transaction that will result in a change of its activities. AKN's securities will remain suspended until it has complied with Chapters 1 and 2 of the Listing Rules under Listing Rule 11.1.3 and AKN's operations are adequate to warrant the continued quotation of its securities under Listing Rule 12.1.

name changed from Chinalco Yunnan Copper Resources Ltd