AuKing Mining Limited Prospectus

The Directors believe that historical exploration has been of sound quality and forms a strong basis for continued exploration. However, it has not been exhaustive and significant opportunities remain for the discovery of more VMS-style mineralisation within the Koongie Park tenements. In addition, we note the 2016 findings of a comprehensive multi-commodity prospectivity analysis of the Halls Creek Orogen conducted by the Geological Survey of Western Australia (GSWA). A base metals prospectivity map prepared by GSWA highlighted the area of the Koongie Park tenures as the most prospective for these metals in the region 2 . Offer Details The Public Offer under this Prospectus is an offer to the public to raise a minimum $6 million by issue of 30,000,000 New Shares at $0.20 each, with provision to accept over-subscriptions of up to a further 5,000,000 New Shares to raise an additional $1 million together with free-attaching options exercisable at $0.25 on or before 30 June 2023 to be issued on the basis of one (1) option for every two (2) ordinary shares issued. Shareholders of AKN as well as prospective shareholders who have a registered address in Australia are invited to participate in the Public Offer. It is proposed that the funds raised from the Public Offer and existing cash on hand will be directed to Koongie Park project activities, as well as to cover the costs of the Public Offer and to provide working capital to the Company. The Company’s largest shareholder, JCHX Group, remains fully supportive of the Company’s intention to complete the KP Transaction. The shareholding interests of JCHX Group in the Company will significantly dilute from 38% to approximately 17%. The Company encourages Shareholders and prospective investors alike to participate in the Public Offer. ASX Compliance The KP Transaction will only proceed if the Approval Resolutions are passed at the General Meeting and the Public Offer raises $6 million and all other conditions of the KP Transaction are satisfied, including obtaining approval from ASX for the Company’s securities to be re-admitted to Official Quotation. Accordingly, this Prospectus is also being issued to assist the Company in re-complying with Chapters 1 and 2 of the ASX Listing Rules as a result of a change to the nature and scale of the Company’s activities as a consequence of the KP Transaction. This Prospectus includes details of the Public Offer, the Company, the Koongie Park Project and proposed operations together with a statement of the risks associated with investing in the Company. We recommend that you study the document carefully and seek independent professional advice before investing in the Company. On behalf of the Directors, we invite you to consider this investment opportunity and look forward to welcoming you as a shareholder of the Company. Dr Huaisheng Peng Dr Mark Elliott Chairman Proposed Chairman AuKing Mining Limited AuKing Mining Limited 2. Prospectivity analysis of the Halls Creek Orogen, northern Western Australia – using a Mineral Systems Approach: Geological Survey of Western Australia, Report 159. This statement is included in accordance with ASIC Corporations (Consent to Statements) Instrument 2016/72 and consent has not been obtained for this statement. AuKing Mining Limited | PROSPECTUS 7