AuKing Mining Limited Prospectus

This section is intended as a summary of the Public Offer. It should be read in conjunction with the remainder of this Prospectus. 2.1 Key terms of the Public Offer The following sets out the key statistics of the Public Offer: Public Offer Public Offer Price $0.20 Shares available under the Public Offer 1 30,000,000 Total proceeds from the Public Offer 1 $6,000,000 before expenses Post Completion of KP Transaction and Public Offer Existing Shares on issue prior to the Public Offer 2 4,662,923 Shares to be issued if the Approval Resolutions are passed (excluding the Offer Shares) 3 20,626,453 Lead Manager success fee Shares 7 187,500 Total number of Shares on issue following the Public Offer 3, 4, 5 55,289,376 Indicative market capitalisation of the Company at the Offer Price 6 $11,057,875 Brokerage fees associated with the Public Offer 7 $600,000 Estimated costs of the Public Offer (excluding brokerage) $400,000 Notes: 1. Assuming the Minimum Subscription under the Public Offer is subscribed. The Company may accept applications for a further 5,000,000 Offer Shares to raise a further $1,000,000. 2. Assuming the existing Shares are consolidated on a 200:1 basis, which is subject to shareholder approval. 3. Assumes all Approval Resolutions are passed (including the resolution to consolidate the existing shares on the basis of 200:1). 4. Assuming the Minimum Subscription under the Public Offer is achieved and that no Oversubscriptions are issued. If the Maximum Subscription is raised, the number of Shares on issue following the Public Offer will be 60,289,376 (on an undiluted basis). Note also, that of these Shares, a total of 10,019,930 shares will be the subject of two-year voluntary restriction agreements. Some of the shares the subject of voluntary restriction may also be classified as Restricted Securities. Details of the Shares the Company expects to be Restricted Securities are set out in section 13.7. 5. A maximum of 17,500,000 Offer Options will also be issued under the Public Offer. 6. Based on the Offer Price and total number of Shares on completion of the Public Offer. 7. See section 12.4 for more details about the Lead Manager’s remuneration. This amount reflects the expected maximum to be paid by the Company to the Lead Manager up to 30 April 2021. 2. Details of the Public Offer 30