AuKing Mining Limited Prospectus

Chairmens’ Letter Dear existing AuKing shareholders and prospective investors, On behalf of the Board and Proposed Board of Directors of AuKing Mining Limited, it is our pleasure to present this Prospectus and to offer you the opportunity to participate in the future growth of the Company through this offer of securities. On 25 June 2020 the Company announced the proposed Earn-in Agreement with ASX-listed Anglo Australian Resources NL ( AAR ) in relation to AAR’s Koongie Park copper/zinc project in the East Kimberley region near the town of Halls Creek in northern Western Australia. In addition to this agreement, the Company intends to carry out the proposed capital raising under this Prospectus and seek reinstatement to official quotation on the ASX. The Board is proposing that the KP Transaction will re-establish the Company on the path of becoming a substantial mid-tier exploration and mining group, with a primary focus on acquiring interests in and developing near-term gold, copper, and other base metals projects. Board and Management Changes As part of the proposed KP Transaction all of the existing Board of AKN will retire and be replaced by the following highly experienced and well credentialled people as follows: – Dr Mark Elliott, proposed non-executive Chairman – over 40 years’ experience in resource projects and ASX- listed companies; – Mr Peter Tighe, proposed non-executive director – well-known Brisbane business identity; – Mr Ian Hodkinson, proposed non-executive director – senior geologist with more than 40 years’ experience with exploration and project development in Australia and Africa; and – Mr ShiZhou Yin, proposed non-executive director – senior finance executive at JCHX Group. The management team will be led by Paul Williams (as CEO), Garry Johnston (Technical Development Manager), and Paul Marshall (CFO and Company Secretary). (See section 10 of this prospectus for more details). Koongie Park The Koongie Park copper zinc project is situated in the historic and highly mineralised gold and base metals province near Halls Creek in the East Kimberleys in northern Western Australia. Several mining companies already have substantial tenure holdings in the region and many of these areas have yet to be the subject of detailed, modern exploration activities – thereby highlighting the potential for significant new discoveries. The mineralisation is interpreted to form in favourable tectonic settings in the Proterozoic age to produce volcanic and sediment-hosted massive sulphide deposits. Large high-grade base metal deposits formed in the Proterozoic age in other provinces (such as Broken Hill and Mount Isa) may also occur in the East Kimberleys. Koongie Park has already seen significant exploration, mine planning and feasibility studies focussed upon two primary copper/zinc deposits – Onedin and Sandiego – with JORC 2012 resources of 6.8Mt @ 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26 g/t Ag 1 . Until now, mining has not commenced at Koongie Park due to what AKN believes are largely the following reasons: – an underground mine at Sandiego alone had previously been shown to be feasible, but still susceptible to downward trends in commodity prices; and – the ability for an open pit mine at the Onedin deposit to significantly enhance the Sandiego underground mine remains subject to establishing a viable metallurgical processing solution for the oxide and transitional ores at Onedin. On behalf of the Board and Proposed Board of Directors of AuKing Mining Limited, it is our pleasure to present this Prospectus and to offer you the opportunity to participate in the future growth of the Company through this offer of securities. 1. See Independent Technical Report, page 68 of this Prospectus. 6