Substantial resource increase at base metals asset

Published 01-DEC-2022 11:00 A.M.

1 min read

Earlier today, our exploration Investment Auking Mining (ASX: AKN) significantly increased the overall mineral resources at its Koongie Park Copper/Zinc Project in the Halls Creek region of WA.

AKN did so by incorporating the maiden resource from its Emull prospect - 10.8Mt @ 0.28% Cu, 0.44% Zn, 0.1% Pb and 5.4g/t Ag (or alternatively, 10.8Mt @ CuEq 0.51%).

When combined with the 8.9Mt @ 1.01% Cu, 3.67% Zn, 0.16g/t Au, 32g/t Ag and 0.77% Pb at the Onedin and Sandiego prospects, that brings the total metal content at Koongie Park to:

120,100 tonnes of copper;
373,400 tonnes of zinc;
46,000 ounces of gold;
11 million ounces of silver and
78,700 tonnes of lead.

We note that Emull is a low grade CuEq deposit, though the tonnages are substantial (ie more than doubling the resource at Koongie Park). We’re hopeful that the next drilling campaign can add some higher grade material to the deposit. This campaign will target two magnetic anomalies, north-west and south-west of the main deposit area, which AKN deems as highly prospective areas based on previous soil sampling and historic drilling.