Ann: Drilling Commences at Koongie Park Copper/Zinc Project, page-2

Highlights:

 AKN’s first drilling program at Koongie Park commenced on
Tuesday, 3 August
 A minimum 7,000m combined RC and diamond drill program
to test mineralisation at depths of between 130m and 900m
 30 target holes identified at highly prospective across the
Sandiego and Onedin deposits
 The program is designed to: (a) Improve geological interpretation and resource
confidence; (b) Test potential mineralised extensions at depth and along
strike; (c) Obtain fresh samples to conduct metallurgical testwork
with a focus on near-surface ores at Onedin
 Existing Koongie Park JORC 2012 resources of 6.8Mt at 1.3%
Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag*
[*See full resources table at the end of this Release and CSA Global
Independent Report, AKN Prospectus dated 9 March 2021]

 Drilling campaign duration of three months with first assays
expected in September AKN Chief Executive Officer, Paul Williams said “We are very
pleased to have commenced the Company’s first drilling program at
the highly prospective Koongie Park copper/zinc project in Western
Australia. “In a competitive mining and exploration environment, we have
assembled the drilling crews, experienced exploration personnel and
associated resources, despite the issues associated with ongoing
lockdowns and border restrictions. “We have a number of high priority drill targets and anticipate that
AKN’s drilling program will provide the basis for regular result updates
over the coming weeks and months. These results are also expected
to establish the platform for an updated JORC resource before the end
of the year.”