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AuKing Mining Ltd ( (AU:AKN) ) has issued an update.
AuKing Mining Limited has partnered with Cobalt Blue Holdings Limited in a new Joint Venture to advance the Koongie Park copper/zinc project in Western Australia. This joint venture allows Cobalt Blue to earn a majority interest by investing $2 million over three years, while AuKing retains a significant minority stake. The collaboration is expected to enhance the project’s metallurgical capabilities, maintain project tenures, and allow AuKing to focus resources on its gold and uranium projects. The partnership is seen as a strategic move to leverage Cobalt Blue’s expertise and secure long-term project viability.
More about AuKing Mining Ltd
AuKing Mining Limited is a company operating in the mining industry, focusing primarily on copper and zinc projects, with additional interests in gold and uranium. Their market focus includes developing and advancing mining projects such as the Koongie Park copper/zinc project in Western Australia, as well as the Cloncurry gold and Mkuju uranium projects.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.45M
See more insights into AKN stock on TipRanks’ Stock Analysis page.
