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Auking Mining AKN.AX · AUD

Materials · ASX · 🇦🇺 Australia

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About Auking Mining

Its shares trade on ASX under the ticker AKN.AX. It has been listed since 29 October 2007. In the fiscal year to 31 December 2020, it reported revenue of A$380 and a net loss of A$1.4m. At that date it held total assets of A$133,166 and shareholders' equity of −A$3.5m.

AuKing Mining Ltd. engages in the acquisition, development, and exploration of mineral properties. The company is headquartered in Brisbane, Queensland. The company went IPO on 2007-10-29. The firm focus is development of the Koongie Park copper/zinc project (the Project) and certain highly prospective uranium projects in Tanzania, Africa. The Project is situated in the Halls Creek Mobile Belt and is located approximately 25 kilometers (kms) southwest of the regional center of Halls Creek on the Great Northern Highway in north-eastern Western Australia. The Koongie Park tenure package comprises 15 tenements with two mining leases, eight exploration licenses and five prospecting licenses. The total tenement area comprises of more than 500 square kilometers (km2) covering over 40 kms of the base metals prospective Koongie Park Formation. The Company’s wholly owned subsidiary is AKN (Koongie Park) Pty Ltd.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
29 Oct 2007

Leadership

Pay as last reported

  • Mr. Peter TigheNon-Executive Independent Chairman of the Board
  • Mr. Paul MarshallChief Financial Officer, Company SecretaryA$52,297
  • Mr. Paul WilliamsManaging Director, Director, since 2013A$329,888
  • Mr. Mark FisherDirector
  • Mr. Nick HardingDirector
  • Dr. Kylie PrendergastDirector

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Auking Mining Ltd. focuses on the Koongie Park copper/zinc project in Western Australia.
  • The Koongie Park tenure package covers over 500 square kilometers with 15 tenements.
  • Auking Mining Ltd. develops uranium projects in Tanzania, Africa, with high prospectivity.

Weaknesses

  • The company's business is concentrated on the Koongie Park project in Western Australia.
  • Auking Mining Ltd. has only one subsidiary, AKN (Koongie Park) Pty Ltd.
  • The company's operations are limited to mineral exploration and development in specific regions.

Opportunities

  • Auking Mining Ltd. can expand its uranium projects in Tanzania, Africa, with high prospectivity.
  • The Koongie Park project offers potential for base metals development in the Halls Creek Mobile Belt.
  • Auking Mining Ltd. may explore additional mineral properties in Western Australia.

Threats

  • The Koongie Park project faces challenges in the Halls Creek Mobile Belt region.
  • Auking Mining Ltd. is vulnerable to market fluctuations in the Metals & Mining sector.
  • The company's focus on Tanzania uranium projects may encounter geopolitical risks.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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