AuKing Mining: Achieves second earn-in milestone two years ahead of due date

AuKing Mining Achieves second earn-in milestone two years ahead of due date

  • AuKing Mining (AKN) achieves the second earn-in milestone under their Koongie Park joint venture agreement with Anglo Australian Resources (AAR), two years ahead of the due date
  • The Koongie Park gold and base metals project is situated in the Hall Creeks region of north-eastern Western Australia
  • AKN acquired a 25 per cent interest in the Koongie Park project in December by completing the first earn-in milestone funding expenditure
  • The final 25 per cent interest in Koongie Park has now been acquired by AKN via completion of the second earn-in milestone funding expenditure of $1.5M
  • Shares in AKN were trading 9.68 per cent higher at 17 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Nordea Cuts 1,500 Jobs as AI Drives Cost Savings

Banking giant Nordea announces significant layoffs amid AI transformation.Highlights: Nordea to eliminate 1,500 positions due to AI advancements.Cost-saving...

Visa Strengthens AI Payments Trials with Multiple Banks in the UK and Europe

Visa collaborates with numerous banks to innovate AI-driven payment solutions.Highlights: Visa partners with several banks in the UK...

Upvest Secures $125 Million Financing Round, Boosting Growth Potential

The fintech firm expands its capital to enhance its offering in the investment sector.Highlights: Upvest has raised $125...

Swedish Central Bank Tightens Actions on Banks Over Instant Payments

The central bank of Sweden warns banks on instant payment compliance.Highlights: Swedish Central Bank warns banks about compliance...