AuKing Mining Limited Prospectus

A U K ING M INING L IMITED I NDEPENDENT T ECHNICAL A SSESSMENT R EPORT – W ESTERN A USTRALIAN M INERAL A SSETS CSA Global Report Nº R278.2020 30 sampling yielding anomalous copper-chromium-platinum results. A RC hole in 1988 returned elevated gold- platinum-palladium-copper-nickel-chromium results. In 1989, RAB drilling of the previously generated soil anomalies led to several intersections anomalous in gold-platinum-palladium-copper-nickel. Between 1994 and 1996, a small tenement area was held by a Mr Macdonald, who explored the area using shallow auger sampling and gold panning, with minimal gold returned. Northern Star Resources undertook a comprehensive multi-element stream sediment sampling program over an area extending southwest from the Emull prospect in 2006. The results were subject to detailed geochemical analysis by IO Global (Sugden, 2007) but this work could not extract any significant anomalism from the data and no follow-up was required. 2.9.3 Mount Angelo Area Reported in 1962 and 1963, Peko Mines NL conducted copper exploration in the vicinity of Mount Angelo. The company undertook preliminary geophysical surveys and interpretations, along with supporting field reconnaissance. Approximately seven follow-up drillholes were drilled at Mount Angelo. In 1979, Uranerz Australia Pty Ltd explored for uranium from Mount Angelo to the westward Lamboo Ultramafics. Reconnaissance mapping and scintillometry exploration was completed. The tenement was relinquished due to downgrading the prospectivity of the tenement. Between 1990 and 1992, Hunter Resources undertook rock chip and soil sampling, mainly for gold. South of the Lamboo homestead, rock chip results produced samples with anomalous gold-palladium-nickel-copper. Soil sampling defined an area of gold-copper anomalism. Sampling efforts the following year were disappointing. Panorama Resources completed work from 1994 until relinquishment of several tenements in 1999. RAB drilling results during the time yielded low gold assays. 2.9.4 Geophysical Surveys In 2014, AAR commissioned Newexco to undertake a review of the geophysical interpretation for the Koongie Park project with the objective of identifying untested opportunities and suggesting improved or new geophysical methods to explore this area (Amann, 2014). This built on three earlier comprehensive studies undertaken by SGS (Craven, 2004; Hunt and Craven, 2007; Speyers, 2009). The following list of previous geophysics was compiled from available reports. The north-eastern Sandiego area has been surveyed with the following methods: • Lachlan: Moving loop transient electromagnetic (TEM); 1996 • Billiton: Fixed loop TEM and moving loop TEM; 1990 • Newmont: Fixed loop TEM; 1978 EMP survey. The Puseye and Atlantis prospects have been surveyed with the following methods: • Billiton: Moving loop TEM; 1990 • Billiton: Fixed loop TEM; 1992 • Lachlan: Downhole TEM 1996 • AAR: Downhole TEM; 2008. The Onedin South prospect has been surveyed with the following methods: • Newmont: Fixed loop TEM; 1979 • Billiton: Moving loop TEM; 1990 • Billiton: Fixed loop TEM and airborne EM; 1992 • Billiton: Downhole TEM; 1993 • Lachlan: Moving loop TEM; 1996. AuKing Mining Limited | PROSPECTUS 105