AuKing Mining Limited Prospectus

AuKing Mining Limited Solicitor’s Report on Tenements HopgoodGanim Lawyers Page 8 of 46 AAR Tenement Overlapping Tenements 3. M80/277 Morning Star Mining Pty Ltd application for E80/5542 (pending) (mining leases and exploration licence are unable to overlap. If E80/5542 is granted, it will only be granted over the areas which do not overlap M80/277. That is, the overlapping area will be excised from E80/5542 on grant). 3.35 Paragraphs 4.86 to 4.87 set out the legislation regarding situations where there is an overlap between the Company’s Tenements and a third party tenement. Land Access 3.36 Details of the key overlapping interests in land are listed in the table below (in addition to the interests listed in paragraphs 3.40 and 3.34. Tenements Overlapping Land 1. E80/4389 E80/4766 E80/5076 E80/5127 M80/276 M80/277 E80/5263 Great Northern Highway Road Reserve 2. E80/5127 Unallocated Crown Land File Notation Area 14196 "C" Class Reserve Recreation (R 1595) 3. E80/4766 "C" Class Reserve Repeater Station Site (R 40320) 4. E80/4960 E80/5127 "C" Class Reserve Watering Place (R 1594) 5. E80/4960 E80/5127 Road Reserves (No 296) 3.37 The Tenements are subject to the standard conditions and endorsements imposed by DMIRS and non-standard conditions as set out in the Non-Standard Conditions Schedule, which include conditions preventing access to, or the commencement of activities on, certain areas without the consent of the Minister, restrictions on activities in relation to reserves including water reserves, conservation of flora and fauna reserves and mining reserves, amongst others. 3.38 Paragraphs 5.10 to 5.12 sets out the limitations on exploration and mining activities on Crown Reserves, in addition to specific conditions imposed on a Tenement which relate to the Reserves and other overlapping land features. 3.39 Section 24(1)(c) of the Mining Act provides that land reserved under Part 4 of the LAA (which includes reserves such as C Class Reserves) requires written consent from the Minister to mine, unless it is reserved for certain specified purposes. As indicated above, various AuKing Mining Limited | PROSPECTUS 163