What AuKing does

AuKing Mining Limited (ASX: AKN) is an ASX-listed mineral exploration and development company headquartered in Brisbane, Australia, with a portfolio focused on critical minerals, uranium, and base metals across multiple jurisdictions. The company's projects include the Tundulu Rare Earths Project in Malawi (a 91.5 km² carbonatite complex within exploration licence EL 0731/24), the Big Wilson tin-tungsten project in Tasmania (approximately 203 km² of exploration licence applications adjacent to the operating Renison Bell tin mine), the Mkuju uranium project in Tanzania (held through wholly owned subsidiary 92U Tanzania Limited and located immediately south of Mantra Tanzania's world-class Nyota uranium project), and the Koongie Park copper-zinc-silver project in Western Australia (currently under earn-in JV with Cobalt Blue Holdings, which holds a 51% interest).

The company's core technology comprises conventional mineral exploration techniques—geological surveying and mapping, soil and rock chip sampling, auger drilling, reverse circulation (RC) drilling, and diamond drilling—applied across its multi-commodity portfolio. AuKing has demonstrated specialised expertise in carbonatite-hosted rare earth element exploration, with confirmed high-grade intercepts at Tundulu including 41m at 3.7% TREO (including 14m at 4.1% TREO), 30m at 4.03% TREO from surface, and rock chip samples up to 6.41% TREO. The Koongie Park project has advanced to scoping study stage under Cobalt Blue Holdings, with a published pre-tax NPV8 of A$172M and 28% IRR.

AuKing operates as a pre-revenue exploration company; its go-to-market is investor-relations driven via ASX announcements, investor presentations, and the Investor Hub platform, with equity distributed through the Australian Securities Exchange (ASX:AKN) and shareholder services via Automic Group. Future revenue is intended to derive from sale, joint venture, or production royalty arrangements on mineral assets, contingent on exploration success, resource definition, and development milestones. The end-customer thesis targets Western-aligned governments and critical minerals buyers seeking to diversify supply chains away from Chinese dominance of rare earths and other critical minerals.

Name

AuKing

Legal name

AuKing Mining Limited

Website

https://aukingmining.com

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

AuKing Mining Limited (ASX: AKN) is an ASX-listed exploration and development company acquiring and advancing critical minerals, uranium, and base metals projects across Australia, Malawi, and Tanzania; currently pre-revenue, it targets Western-aligned critical minerals supply chains.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Other Metal Ore Mining (21229)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

akta.pro secondary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

Keywords

• Rare earth exploration
• Critical minerals mining
• Uranium exploration
• Base metals exploration
• Mineral project development

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Pre-Revenue Exploration Stage: AuKing Mining is a pre-revenue exploration and development company. The company is not currently generating revenue from its projects. Future revenue will depend on successful exploration, development, and eventual production or sale of mineral assets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

AuKing Mining Limited is an ASX-listed exploration and development company that acquires and advances mineral projects focused on critical minerals, uranium and base metals. Its portfolio comprises four exploration-stage assets: the Tundulu Rare Earths Project in Malawi, the Big Wilson Tin-Tungsten Project in Tasmania, the Mkuju Uranium Project in Tanzania, and the Koongie Park Copper/Zinc/Silver Project in Western Australia. The company is pre-revenue and intends to monetise projects through development, joint venture, sale or future production royalties.

Product overview

AuKing Mining Limited (ASX: AKN) is an ASX-listed exploration and development company focused on critical minerals, uranium and base metals projects. The company's portfolio is anchored by the Tundulu Rare Earths Project in southern Malawi - a large-scale carbonatite rare earths system. The broader portfolio includes the Koongie Park copper-zinc-silver Project in Western Australia (under JV with Cobalt Blue Holdings), the Big Wilson tin-tungsten Project in Tasmania, and the Mkuju uranium Project in Tanzania, providing diversified exposure to multiple commodities classified as critical minerals by Western governments.

Differentiator

Problem solved

Functional benefit

Products and services

• Tundulu Rare Earths Project Flagship rare earths exploration project covering 91.5 km² within exploration licence EL 0731/24 in the Phalombe District of south-eastern Malawi. The asset is a 7.5 km carbonatite ring complex, one of the largest and most under-explored rare earth systems in Malawi, enriched in medium rare earth elements (MREEs) with low uranium and thorium levels. Held via wholly-owned subsidiary Tundulu Rare Earths Limited (TREL).
• Big Wilson Tin-Tungsten Project Tin-tungsten exploration project comprising two exploration licence applications (ELA 22/2025 and ELA 23/2025) covering approximately 203 km² in north-western Tasmania near Rosebery. The project is adjacent to the operating Renison Bell tin mine and the Mt Lindsay undeveloped tin-tungsten deposit.
• Mkuju Uranium Project Uranium exploration project located immediately south of the world-class Nyota uranium project being developed by Mantra Tanzania (a member of the Rosatom Group). Held via AuKing's wholly-owned Tanzanian subsidiary 92U Tanzania Limited; initial Stage 1 exploration program completed.
• Koongie Park Copper/Zinc/Silver Project Copper-zinc-silver exploration project in Western Australia with an Earn-in Joint Venture agreement with Cobalt Blue Holdings Limited (ASX:COB), which has acquired a 51% interest. Contains the Sandiego deposit with high-grade copper-zinc zones and the emerging Sandiego North discovery target.

Quantifiable outcome

• Drilling intercept of 41m at 3.7% TREO including 14m at 4.1% TREO
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Thompson ResourcescoreStrategic or Co-development Partner · 1 May 2026Thompson Resources is the drilling contractor engaged for the Tundulu Rare Earths Project maiden 10,000m drilling program. They are the primary driller at Lindian's Kangankunde project and bring expertise in Malawi carbonatite drilling operations.
• Tusker Minerals LtdcoreStrategic or Co-development Partner · 17 April 2026Tusker Minerals Ltd sold the Tundulu Rare Earths Project to AuKing Mining in a $5.55M deal structured with cash, shares and performance-linked payments. Tusker retains upside exposure through its AuKing shareholding and is redirecting proceeds toward rutile and heavy mineral sands projects in Malawi and Cameroon.
• Moab MineralsminorChannel Partner/ Reseller/ Distributor · 17 March 2026Moab Minerals acquired four strategic uranium tenements adjacent to its Manyoni Uranium Project in Tanzania from AuKing, acquiring them through subsidiary Katika Resources for 62.5 million ordinary shares expected in June 2026.
• Cobalt Blue Holdings Limited (ASX:COB)coreStrategic or Co-development Partner · 18 February 2025Cobalt Blue Holdings has acquired a 51% interest in the Koongie Park Project through an Earn-in Joint Venture agreement. COB can increase to 75% by incurring further $1.5M expenditure by June 2028. COB completed a Scoping Study showing A$172M pre-tax NPV and 28% IRR.
• Mantra Tanzania (Rosatom Group)minorOthersMantra Tanzania is developing the world-class Nyota uranium project immediately north of AuKing's Mkuju uranium project. While not a formal partnership, proximity creates strategic context for regional development.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Peak Rare Earths: Developer of the Ngualla carbonatite-hosted REE project in Tanzania. Comparable geological model (carbonatite), comparable pre-construction stage, and operates in the same East African critical-minerals jurisdiction as AuKing's Mkuju uranium asset.
• Boss Energy: ASX-listed uranium developer advancing the Honeymoon mine in South Australia. Comparable small-cap ASX-listed uranium asset profile to AuKing's Mkuju uranium project in Tanzania.
• Tusker Minerals: Counterparty seller of the Tundulu REE project to AuKing and operator of rutile/heavy mineral sands projects in Malawi and Cameroon. Retains upside exposure via AuKing equity and is the most transactionally adjacent peer.
• Arafura Resources: ASX-listed developer of the Nolans REE project in central Australia. Most directly comparable Western-aligned rare-earth oxide project targeting NdPr, with comparable pre-development stage and similar dependency on Western offtake and strategic financing.
• Cobalt Blue Holdings: ASX-listed earn-in joint-venture partner at AuKing's Koongie Park copper-zinc-silver project (51% interest, option to 75%). Operates as the project manager/funder for the same asset and is a natural operating peer for the project's development pathway.
• Lindian Resources: ASX-listed explorer developing the Kangankunde carbonatite REE project in Malawi — the same mineral district as AuKing's Tundulu (Thompson Resources, AuKing's drilling contractor, is also the primary driller at Kangankunde). Direct technical, geological and jurisdictional overlap.

Broad incumbents

• Lynas Rare Earths: Largest ex-China producer of separated rare earth oxides (Mt Weld, Western Australia). Sets Western-aligned benchmark pricing and offtake terms that any new carbonatite REE project like Tundulu must compete against on margin and certification.
• Paladin Energy: ASX-listed uranium producer restarting Langer Heinrich (Namibia). Demonstrates the operating pathway that a successful African uranium explorer such as AuKing's Mkuju could follow; comparable jurisdiction profile (southern/eastern Africa) and commodity.
• Iluka Resources: Australian diversified miner advancing its Eneabba refractory rare-earth refinery and the Wimmera rare-earth project. Represents the large-cap Western REE refining/processing incumbent that anchors strategic offtake demand for new carbonatite concentrates.

Emerging players

• Alkane Resources: ASX-listed critical minerals developer with the Tomingley gold operation and the Dubbo REE (poly-metallic) project. Comparable diversified-critical-minerals strategy targeting Western-aligned downstream demand, though at a more advanced stage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/AuKingMining1
• LinkedInlinkedin.com/company/auking-mining-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AuKing