AuKing Mining Limited Prospectus

4.4 Koongie Park Tenures The Koongie Park tenure package comprises 10 tenements with 2 mining leases and 8 exploration licences. The total tenement area is approximately 500km 2 . The primary mineral assets, the Onedin and Sandiego copper- zinc-gold-silver deposits, lie within the granted mining leases M80/277 and M80/276, which expire in 2031. The diagram below highlights the tenure package. AAR’s Koongie Park Tenements, February 2021 (Source: Independent Technical Report – see section 6 for more details) 4.5 Koongie Park Geology Full details about the Koongie Park Tenements are provided in the Solicitor’s Report in section 9 of this Prospectus. (a) Geology The massive sulphide deposits of Koongie Park have been traditionally classified as volcanogenic massive sulphide (VMS) deposits. The Onedin deposit has been referred to as a carbonate associated VMS. Based on the assumption there are no exhalative rocks at Onedin, it is proposed that the best model for the base metal occurrence is as a sub-horizontal basin floor replacement VMS. Other genetic models proposed include: distal skarn and structurally controlled replacement during deformation within high strain zones. The Board considers the weight of evidence supports their interpretation as VMS deposits. As a result, the deposits are interpreted to have been formed around the time of deposition of the host volcanic and sedimentary strata in which they are bound and generally in bedding parallel lenses. Hydrothermal fluids associated with volcanic activity is interpreted to have been the source of the metals and other constituents of the mineralisation. 4. The Koongie Park Project continued 46