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

Mastercard Launches BIN Sponsorship Programme for UK Fintechs

New initiative aims to support fintech innovation in the UK market.Highlights: Mastercard unveils BIN sponsorship programme for UK...

UAE Central Bank Trials Palm Payments, Amazon Abandons Technology

UAE's innovative palm payment trials contrast with Amazon's decision to discontinue similar tech.Highlights: UAE Central Bank begins trials...

Checkout.com Acquires Euro Stablecoin Issuer Blue for Expansion

The acquisition strengthens Checkout.com’s capabilities in the stablecoin market.Highlights: Checkout.com has acquired Blue, a euro stablecoin issuer.The acquisition...

Ex-Revolut Staffers Secure $6M for Self-Custodial Money App

Former team members aim to reshape financial independence with new app.Highlights: Ex-Revolut staffers raise $6M in funding.New app...