Uncertainty Looms as AuKing Awaits Final Results to Confirm Myoff Creek Mineral Potential

• Helicopter-borne aeromagnetic and radiometric survey completed over 70-line kms
• Confirmed near-surface carbonatite mineralisation consistent with historical drilling
• New anomalous zones identified in central and southern Myoff Creek areas
• Acquisition of Orion Resources to gain full ownership of Cloncurry Gold Project progressing
• Final survey results pending to guide next exploration steps

Exploration Advances at Myoff Creek

AuKing Mining Limited (ASX, AKN) has announced preliminary results from a recent helicopter-borne aeromagnetic and radiometric survey conducted over its 100% owned Myoff Creek Niobium and Rare Earth Elements (REE) Project in British Columbia, Canada. The survey, covering 70-line kilometres, has confirmed the presence of near-surface carbonatite mineralisation previously identified through drilling, while also revealing new potential extensions in the central and southern parts of the project area.

The Myoff Creek project is strategically located within a well-known mining region in south-eastern British Columbia, an area that hosts major operations such as Teck Resources’ Highland Valley Copper Mine and Hudbay Minerals’ Copper Mountain Mine. The project’s proximity to infrastructure and support services in nearby towns like Seymour Arm and Kamloops enhances its logistical appeal.

Survey Highlights and Geological Context

The aeromagnetic and radiometric survey was designed to map subsurface geological features indicative of carbonatite mineralisation, which is known to host niobium and rare earth elements critical to modern technologies. Preliminary results align well with historical drilling data that outlined a 1.4 km by 0.4 km carbonatite zone in the northern sector of the project. More notably, the survey has identified previously untested anomalous zones in the central and southern sectors, suggesting the carbonatite mineralisation could extend beyond the historically explored areas.

These findings are significant because carbonatite deposits in this region are typically rich in niobium and REEs with low impurities, making them attractive targets for further exploration and potential development. The Myoff Creek deposit shares geological similarities with other notable carbonatite deposits in northern British Columbia, such as Aley and Wicheeda.

Strategic Growth via Acquisition

In parallel with its exploration progress, AuKing is advancing the acquisition of Orion Resources, which will grant it full ownership of the Cloncurry Gold Project in Queensland, Australia. This move is expected to simplify the project’s ownership structure by removing joint venture complexities. The acquisition remains subject to shareholder and ASX approvals, with completion targeted for late October 2025.

Looking Ahead

AuKing is awaiting the final processed survey maps and detailed results, expected within weeks, which will inform the company’s next exploration activities at Myoff Creek. While the preliminary data is encouraging, the company has cautioned that historical exploration results have not been independently validated under the current JORC reporting standards, introducing some uncertainty that further work will aim to clarify.

Overall, these developments underscore AuKing’s dual focus on advancing near-term development opportunities while exploring for longer-term resource growth, positioning the company to capitalize on the rising demand for critical minerals and gold.

Bottom Line?

Final survey results will be pivotal in shaping AuKing’s exploration strategy and could unlock significant resource potential at Myoff Creek.

Questions in the middle?

• How extensive and economically viable are the newly identified carbonatite extensions?
• What timeline and budget will AuKing allocate for follow-up drilling and exploration?
• How will the Cloncurry Gold Project acquisition impact AuKing’s overall growth trajectory?