AuKing Mining Limited Prospectus

D. Business Model of AKN Topic Summary For more information What is the nature of AKN’s business? The primary intention of the Board is to establish the Company as a mid- tier mining group with a mix of copper, gold and other base metal mining assets located in Australia and overseas, such assets being at various stages of mining development. In the short term, the primary focus of the Board and Management will be to focus all efforts on developing the interests in the Koongie Park Tenements and seeking to expand the portfolio by possibly securing other base metals and gold project areas in the East Kimberley region of northern Western Australia. Section 3 How will the Company finance its ongoing operations? The Company is seeking the funds from the Public Offer to ensure it will have sufficient cash to meet its funding requirements to satisfy its obligations during the First Earn-in Period under the Koongie Park Earn-In. Sections 3.3, 3.4 and 4.4 What are the material contracts that will affect AKN’s operations? The key material contracts regulating the conduct of AKN’s proposed activities include: – Koongie Park Earn-In; – Precious Metals Rights Agreement; – IP Services Agreement; – Lead Manager Mandate; and – certain key senior management service agreements. Section 12 What are AKN’s essential assets? The Company’s key asset will be the Company’s rights under the Koongie Park Earn-In and the mining interests it may acquire under that agreement. Section 12.1 E. Risks Topic Summary For more information What are the key risks to AKN? Prior to making an investment decision with regard to the Company, investors should carefully consider the risk factors, all of which may affect the Company and the industry in which it will operate. The business activities of the Company are and will continue to be subject to normal business risks and uncertainties and there may be many factors that could affect the future performance of the Company. Some of these risks and uncertainties may be mitigated by the use of safeguards, appropriate systems and contingencies. However, some risks may be outside the control of the Company and not able to be mitigated. Additionally, there are also a number of risk factors that are specific to the Company. Section 5 contains a detailed list of specific and general risks that may affect the Company and its activities, The Company believes that the key specific risks relating to its business and the Public Offer include: (a) Completion Risk The KP Transaction is subject to the KP Transaction Conditions as summarised in Section 4.4 and 12.1 of this Prospectus. These include a condition that all necessary regulatory approvals pursuant to the Listing Rules are met. These approvals are discussed in further detail below in Sections 3.8 and 3.9. Section 5 1. Investment Overview continued 14