AuKing Mining Limited Prospectus

A U K ING M INING L IMITED I NDEPENDENT T ECHNICAL A SSESSMENT R EPORT – W ESTERN A USTRALIAN M INERAL A SSETS CSA Global Report Nº R278.2020 VII 2.11.4 Geochemistry ................................................................................................................................. 32 2.11.5 Geophysics ..................................................................................................................................... 33 2.11.6 GSWA Prospectivity Analysis of the Halls Creek Region ................................................................. 33 3 EXPLORATION STRATEGY ............................................................................................................................... 35 3.1 Development Strategy ............................................................................................................................. 35 3.2 Brownfields Exploration........................................................................................................................... 35 3.3 Regional Exploration................................................................................................................................ 36 4 RISKS .............................................................................................................................................................. 37 4.1 Exploration and Geology Risks................................................................................................................. 37 4.2 Mineral Resources Risks .......................................................................................................................... 37 4.3 Land Access Risks..................................................................................................................................... 37 4.4 Development and Operation Risks .......................................................................................................... 37 5 PROPOSED EXPLORATION BUDGET AND USE OF FUNDS ................................................................................ 38 6 REFERENCES ................................................................................................................................................... 39 7 GLOSSARY ...................................................................................................................................................... 41 8 ABBREVIATIONS ............................................................................................................................................. 43 Figures Figure 1: Location of AuKing’s project areas in Western Australia ............................................................................................V Figure 2: Tenement location map – Koongie Park project ......................................................................................................... 6 Figure 3: Regional geological map of Kimberley region ............................................................................................................. 8 Figure 4: Map of Eastern, Central, and Western Zones of the Lamboo Province within the Halls Creek Orogen...................... 9 Figure 5: Stratigraphy of the Halls Creek Orogen – eastern Lamboo Province ........................................................................ 10 Figure 6: Geological map of the Koongie Park property showing tectonic units and mineral occurences .............................. 12 Figure 7: Stratigraphic column for the KPF .............................................................................................................................. 13 Figure 8: Geological map of the Sandiego-Onedin deposit KPF ............................................................................................... 14 Figure 9: 3D block diagram illustrating structural geology and deformation history at Koongie Park..................................... 16 Figure 10: Schematic plan view of Onedin deposit, showing zones of mineralisation and drillhole traces ............................... 20 Figure 11: Schematic cross-section of Onedin deposit showing formation/lithology, copper mineralisation, zinc mineralisation, weathering domains and drillholes with IDs (looking grid north) .................................................... 21 Figure 12: Schematic plan view of Sandiego deposit, showing zones of mineralisation and drillhole traces ............................ 24 Figure 13: Schematic cross section view of Onedin deposit showing formation/lithology, copper mineralisation, zinc mineralisation, weathering domains and drillholes with IDs (looking grid north) .................................................... 25 Figure 14: Geological map of the Koongie Park area showing basemetal occurrences, prospects and anomalies ................... 28 Figure 15: Pb-Zn-Cu-Ag prospectivity image of the Halls Creek region developed using mineral systems analysis .................. 34 Tables Table 1: Mineral Resource estimates for the Sandiego and Onedin deposits .......................................................................... II Table 2: Combined Mineral Resource estimates for the Koongie Park project deposits .......................................................... II Table 3: Summary of AuKing’s Western Australian tenements ................................................................................................ 7 Table 4: Onedin deposit Mineral Resource estimate.............................................................................................................. 18 Table 5: Sandiego deposit Mineral Resource estimate ........................................................................................................... 22 Table 6: Proposed two-year exploration activity summary .................................................................................................... 38 Appendices Appendix A JORC Code Table 1 – Onedin Deposit Mineral Resource Estimates Appendix B JORC Code Table 1 – Sandiego Deposit Mineral Resource Estimates AuKing Mining Limited | PROSPECTUS 75