Anglo Australian Resources NL (ASX: AAR) (the Company) confirms that it has now received paymentof the final $900,000 from AuKing Mining Limited (AuKing) (ASX: AKN) with respect to the KoongiePark Project Agreement announced on 25 June 2020 (the Agreement).In accordance with the terms of the Agreement, AuKing has earned a 25% participating interest in theKoongie Park Joint Venture, an unincoporated Joint Venture between the Company and AuKing (JointVenture). AuKing has the opportunity to earn up to a 75% interest in the Joint Venture by fundingexploration and project development studies (as stipulated below).▪ AuKing may earn a further 25% interest in the Joint Venture by incurring expenditure of $1.5million over an initial period of twenty-four (24) months, including expenditure on exploration,testwork and related analysis to establish a commercially viable processing solution for theKoongie Park oxide ores (First Earn-In Milestone).▪ At AuKing’s election, AuKing can earn a further 25% interest in the Joint Venture by incurringadditional expenditure of $1,500,000 over a subsequent twelve (12) month period, includingexpenditure on exploration activities and feasibility studies with a view to establishing miningoperations on the Onedin and Sandiego deposits on the Tenements (Second Earn-In Milestone). Upvote Report ReplyVolume 0%00:0102:07
- Forums
- ASX - By Stock
- Ann: AuKing intersects 124m of 1.03% Cu at Koongie Park
Anglo Australian Resources NL (ASX: AAR) (the Company) confirms...
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKN (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $5.648M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.4¢ | $2.222K | 92.57K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 400000 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 275303 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 400000 | 0.020 |
2 | 798782 | 0.019 |
1 | 55550 | 0.018 |
1 | 58820 | 0.017 |
1 | 200000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 275303 | 2 |
0.025 | 17182 | 1 |
0.028 | 30000 | 1 |
0.029 | 500000 | 1 |
0.030 | 2000000 | 1 |
Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
|
|||||
Last
2.0¢ |
  |
Change
0.001 ( 9.09 %) |
|||
Open | High | Low | Volume | ||
2.2¢ | 2.2¢ | 2.0¢ | 100015 | ||
Last updated 12.16pm 30/04/2024 ? |
Featured News
AKN (ASX) Chart |