AuKing Mining Limited Prospectus

Topic Summary For more information (h) Protection of Accudo’s AmmLeach® Rights The ongoing ability of Accudo to provide the AmmLeach® processing technology to the Company rests on the management of Accudo to ensure these patents and intellectual rights in Australia are kept in good standing. The Company is presently unaware of any circumstances that would give rise to the rights of Accudo being materially affected in a way that could prejudice the Company’s ability to access the AmmLeach® process. (i) AmmLeach® Commercialisation Risk Development of the AmmLeach® processing technology on a commercial scale as part of a mining operation has yet to be established. The AmmLeach® process has been the subject of testwork across many ore bodies around the world. This work included the construction of a pilot- scale plant as part of a project feasibility study on the Leon project in Argentina which established commercial-quality metallurgical results. Accudo has also carried out laboratory testwork on certain project ore bodies in Australia and established commercial recovery rates utilising the AmmLeach® process. One of the immediate focus areas of AKN’s activities under the Koongie Park Earn-In will be to identify a suitable metallurgical process flowsheet for the Koongie Park oxide ores, using AmmLeach®. However, while there exists a significant level of available reporting and testwork to suggest that AmmLeach® will be proven successful as a metallurgical solution for the Koongie Park oxide and transitional ores, there can be no guarantee that the Company’s efforts here will be successful. (j) Reliance on Key Management The responsibility of overseeing the day-to-day operations and the strategic management of the Company depends substantially on its senior management and directors. The Company will rely heavily on the experience and knowledge of Paul Williams, Paul Marshall and Garry Johnston. In the event that any of these persons or any other key personnel that the Company subsequently recruits leaves the Company and the Company is unable to recruit suitable replacements, such loss could have a materially adverse effect on the Company. There can be no assurance that there will be no detrimental impact on the performance of the Company or its growth potential if one or more of these key management personnel cease their engagement with the Company and suitable replacements are not identified and engaged in a timely manner. (k) Risk of High Volume of Share Sales If Completion occurs, the Company will have issued a significant number of new securities to various parties. It may be the case that the holders of some of these securities may not intend to continue to hold those securities and may wish to sell them on the ASX (subject to any applicable escrow period). There is a risk that an increase in the number of people wanting to sell Shares may adversely impact on the market price of the Shares. This risk may be increased upon Shares being released from voluntary or ASX imposed escrow restrictions. There can be no assurance that there will be, or continue to be, an active market for Shares or that the price of Shares will increase. As a result, holders of Shares may, upon selling their securities, receive a market price for their securities that is less than the price of Shares offered pursuant to the Offer. AuKing Mining Limited | PROSPECTUS 17