AKN

AuKing has extended two diamond holes at Tundulu well beyond initial plan depth (300m → 400–511m) with continuous carbonatite intersections and open-ended geology, suggesting the rare-earth complex is significantly larger than previously modelled. Visual logging indicates apatite-rich calcite carbonatite and widespread district-scale intrusion, supporting confidence in a maiden MRE target later in 2026, though assay results are pending and remain the critical proof point.

AuKing has secured eight export approvals for 4,133 RC samples and expects first assay results imminently as a prelude to a maiden MRE by year-end; this is a pipeline-building milestone, not a drill result, and the stock has already fallen 27% in 20d into this announcement.

AKN acquires 100% of Tusker's Malawian REE subsidiary (Machinga Project + three additional exploration assets) for staged cash (~A$3.1m upfront/deferred), equity, and performance-linked shares; Tusker retains upside exposure via AKN shares and earn-in conditions on TREO/Ngala Hill discoveries. This consolidates a district-scale REE asset under dedicated ownership while Tusker refocuses on rutile/heavy mineral sands in Cameroon/Malawi.

AuKing is acquiring 100% of Green Exploration Limited to consolidate multiple early-stage rare-earth and base-metal projects in Malawi's Chilwa Alkaline Province, with Salambidwe showing decent historical TREO grades (2.05%) and strong niobium anomalies, and Ngala Hill displaying legacy PGE-Cu results warranting drill-out. Stock is down 33% over 20d and 10% over 5d into announcement; management indicators immediate exploration funding is in place.