AuKing Mining Limited Prospectus

Topic Summary For more information (p) Access restrictions risk There are various restrictions operating to exclude, limit or impose conditions upon the Company’s ability to conduct activities on parts of the tenements that the Company will hold an interest in. These restrictions include: – exclusions from pursuing exploration activities on certain areas of Commonwealth land; – requirements arising from Native Title legislation and claims; – requirements arising from state legislation relating to Aboriginal heritage, culture and objects; or – access procedures and compensation requirements in relation to privately held land. The Company will formulate its development plans and activities to accommodate and work within the access restrictions outlined, however the requirements can be complex and sometimes require approvals, consents or negotiations involving government or third parties. As such, there is a risk one or more of these access issues may prevent or delay the Company from implementing its intended activities which may thereby adversely affect the Company’s financial position and prospects. (q) Foreign Investment Risk The Company’s current largest shareholders are Bienitial International Industrial Co Ltd (an associate of JCHX) and Yunnan Copper Industry (Group) Co Limited, who respectively hold 37.42% and 32.16%. Bienitial International Industrial Co Ltd is a foreign company and Yunnan Copper Industry (Group) Co Limited is a Chinese state-owned enterprise. It is expected that following the Public Offer and the issue of Shares as contemplated by the Approval Resolutions , their respective holdings will be 16.72% and 2.71% (assuming minimum subscription is achieved). Each stage of the Koongie Park Earn-In is subject to the Company obtaining any approvals from the Foreign Investment Review Board that may be required at that time. If a Foreign Investment Review Board approval is required, there is no guarantee that it will be granted and failure to obtain any required approvals may limit the Company’s ability to increase its interest in the Koongie Park Project. F. Financial Information Topic Summary For more information What are the key financial metrics? Section 7 of this Prospectus sets out historical and proforma financial information for the Company. Further details regarding the Company’s financial history are available on its website www.aukingmining.com and on the ASX website www.asx.com.au. The Company does not consider that the historical financial information prior to 30 June 2020 is relevant due to the current status of the Company as a shell with no assets. At the half year ending 30 June 2020 the Company had: 1. cash balance of $156,574; 2. total assets of $279,115; 3. net assets of ($2,727,304); and 4. shareholders’ equity of ($2,727,304). The above financial information for the half year ended 30 June 2020 is based on the audit reviewed financial statements of the Company. Section 7 AuKing Mining Limited | PROSPECTUS 19