Scoping study commences for Halls Creek base metal mining hub

Today our exploration junior AuKing Mining (ASX:AKN) announced it had begun a Scoping Study for an open-pit and underground mining operation at its Koongie Park base metals project, located in the Halls Creek Mining hub in WA.

The study would focus on the Sandiego deposit, which contains a JORC resource of 4.1Mt @ 1.38% copper, 4.28% zinc, 0.2g/t gold, 25g/t silver and 0.41% lead, primarily in sulphide ores (ie can use conventional extraction methods).

The study will also give consideration to nearby deposits with similar mineralogy, such as sulphide ores from the Emull deposit, as well as nearby deposits owned by Cazaly Resources (ASX:CAZ). However, the Onedin deposit would be excluded, given that a different extraction path would be required.

AKN has appointed Wave International to assist with the preparation of the Scoping Study, which is anticipated to conclude by March 2023.

What’s up next?

We’re keen to see AKN complete the acquisition of its Tanzanian assets and commence field work programmes there, especially at the two advanced uranium prospects. We also like to see the outcomes for the Scoping Study at Koongie Park, which could pave a way for quick development and early cashflow.

Tanzanian assets

🔲 Complete acquisition - December 22

🔲 Start fieldwork sampling, review existing data - 1Q23

Koongie Park

🔲 Scoping Study at Sandiego deposit - 2Q23

🔲 Drilling of two anomalies at Emull prospect - 2Q23

🔲 Metwork progress for Onedin prospect - 1H23