AuKing Mining Limited Prospectus

Historical and Pro-Forma Financial Information Historical Balance Sheet 30 June 2020 Material Transactions Subsequent to 30 June 2020 Public Offering Capital Raise Repayment and Conversion of Liabilities Koongie Park Initial Investment Consolidated Pro- Forma Balance Sheet Notes A B C D E F $ $ $ $ $ $ CURRENT ASSETS Cash and cash equivalents 6 156,574 908,000 5,037,500 (272,566) (1,000,000) 4,829,508 Trade and other receivables 9,161 - - - - 9,161 TOTAL CURRENT ASSETS 165,735 908,000 5,037,500 (272,566) (1,000,000) 4,838,669 NON-CURRENT ASSETS Other receivables 12,470 - - - - 12,470 Exploration expenditure 2 - - - - 1,000,000 1,000,000 Other non-current assets 2 100,000 - - - (100,000) - Plant and equipment 910 - - - - 910 TOTAL NON-CURRENT ASSETS 113,380 - - - 900,000 1,013,380 TOTAL ASSETS 279,115 908,000 5,037,500 (272,566) (100,000) 5,852,049 CURRENT LIABILITIES Trade and other payables 3 752,766 55,841 - (627,132) (100,000) 81,475 Borrowings 4 2,176,241 974,201 - (3,150,442) - - Employee benefit provisions 77,412 - - - - 77,412 TOTAL CURRENT LIABILITIES 3,006,419 1,030,042 - (3,777,574) (100,000) 158,887 - TOTAL LIABILITIES 3,006,419 1,030,042 - (3,777,574) (100,000) 158,887 NET ASSETS (2,727,304) (122,042) 5,037,500 3,505,008 - 5,693,162 EQUITY Share capital 1 42,630,609 - 5,225,331 3,410,132 - 51,266,072 Reserves 5 (170,446) 170,446 - - - Accumulated losses (45,187,467) (292,488) (187,831) 94,876 - (45,572,910) TOTAL EQUITY (2,727,304) (122,042) 5,037,500 3,505,008 - 5,693,162 continued 7. H istorical and Pro Forma Financial Information 142