AuKing Mining Limited Prospectus

4.6 Koongie Park Project Potential – Proposed AKN Activities There are three (3) primary areas that summarise the potential for AKN to develop the mineral resources at the Koongie Park Project, namely: a. optimising existing feasibility studies on the proposed mining of the Sandiego deposit incorporating results from planned resource extension drilling targeting extensions along strike and at depth; b. carrying out a detailed exploration program across the Koongie Park Project tenures to identify additional base metals deposits to complement the existing Sandiego and Onedin resources. This includes possible drilling at depth below both deposits to identify sulphide extensions to mineralisation below the existing known oxide and transitional ore zones; and c. trialling and evaluating the AmmLeach® metallurgical process for the Onedin deposit which has shown good recovery test work results on other deposits with similar ore characteristics to the deposits at the Koongie Park Project. Each of these are addressed in more detail as follows: (a) Optimise Sandiego mine feasibility studies AAR completed a Pre-Feasibility Study (PFS) to assess the viability of a mining operation at the Sandiego deposit during October 2008. The PFS focussed on underground mining of the sulphide and transition ore zones at Sandiego, with construction of a 500k tpa processing plant (using flotation techniques) with a 4-5 year operating life. The Board has identified that at the Sandiego deposit the primary copper and zinc mineralisation plunges at depth and to the south – leaving potential for the mineralisation to continue. Schematic cross-section view of the Sandiego deposit (Source: Independent Technical Report – see section 6 for more details) 4. The Koongie Park Project continued 48