#1AUKING AKN NEW WORLD METALS INVESTMENT SERIES PRESENTATION A growing Critical Minerals resource in Western Australia's Halls Creek region. 20 SEPTEMBER 2022#2DISCLAIMER AUKING AKN The information contained in this presentation has been prepared by Auking Mining Limited (AKN). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in AKN. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act. While the information contained in this presentation has been prepared in good faith, neither AKN nor any of its Directors, officers, employees, agents or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of AKN, its Directors, officers, employees, agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation. This presentation may contain statements that may be deemed 'forward-looking statements. Forward risks, uncertainties and other factors, many of which are outside the control of AKN, can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, commodity price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. AKN makes no undertaking to update or revise such statements but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward- looking statements made. Exploration priorities change with increased data and knowledge, as such targets and concepts outlined in this presentation may or may not be tested or be tested by different means. Competent Persons' Statements The information in this report that relates to exploration results at the Koongie Park Project (both current and historic) is based on information compiled by Mr lan Hodkinson who is a member of the Australian Institute of Geoscientists and the Society for Geology Applied to Mineral Deposits. Mr Hodkinson is a non-executive director of AuKing Mining Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Hodkinson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Mineral Resources at the Koongie Park Project is based on information compiled by Mr David Williams who is a member of the Australian Institute of Geoscientists. Mr Williams is a Principal Consultant Geologist (Brisbane) of CSA Global and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Williams consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information relating to the Mineral Resources at the Koongie Park Project is extracted from the Independent Resource Estimate Report of CSA Global dated 4 April 2022, a full version of which is available to view on the AKN website www.aukingmining.com. This presentation has been authorised by Paul Williams, Chief Executive Officer. 2#3KOONGIE PARK PROJECT Halls Creek Region Auking Mining (ASX:AKN) is the majority (80%) owner of the Koongie Park Copper/Zinc Project in north-eastern Western Australia. Koongie Park Western Australia Sandiego Deposit 4.1Mt Pb Cu Zn Au Ag Pb 1.40% 4.3% 0.20g/t 25g/t 0.40% Total JORC Resource 2012 8.9Mt Cu Zn Au Ag Pb 1.01% 3.67% 0.16g/t 32g/t 0.77% Refer Competent Persons Statement on Slide 2, ASX release dated 7 April 2022 and full resource Appendix 1. Onedin Deposit 4.8Mt Cu Zn Au Ag 0.70% 3.2% 0.10g/t 38g/t 1.10% AUKING AKN 3#4HALLS CREEK REGION A popular mining address Port of Wyndham Kununurra Ord River Hydro Rydges Iron Ore Mine Lake Argyle Argyle Diamond Mine IGO's Sentinel Prospect Derby Savannah Nickel Mine Panton PGM Project Halls Creek Fitzroy Crossing Nicholsons Gold Mine Auking asset Operating or recent mining Prospect/Deposit Town IGO acreage Copernicus Nickel Mine Golden Crown and Butchers Creek Gold Deposits Koongie Park Project 100km AUKING AKN 4#5KOONGIE PARK PROJECT DRILLING RESULTS 2021 PROGRAM 6,500m drilling program (29 RC and diamond holes) in late 2021 returned outstanding copper, zinc, silver and other assays including: AOWB003- 124m @ 1.03% Cu, 1.08% Zn, 1.59% Pb and 50g/t Ag from 8m ww AORD001- 106m @ 0.53% Cu, 2.69% Zn, 10g/t Ag AORD004- 105m @ 1.94% Cu, 0.76% Zn, 55g/t Ag incl 16m @ 10.2% Cu, 1.03% Zn, 316g/t Ag Refer ASX releases dated 4 October 2021, 21 and 24 February 2022 MAN LT 21 5 AKN#6S RL (metres) 400- 300- 200- 100- 900 N 1000 N SRC061 7m from 134m @ 0.13% Co SRCD059 2.9m from 168.1m @ 0.33% Co SRCD07 SRC060 9m from 111m @ 0.23% Co 60m from 191m @ 0.1% Co SND6 6.18m from 210.6m @0.08% Co SRCD030 16m from 208m @ 0.11% Co incl. 2m @ 0.31% Co and 3m @ 0.28% Co SRCD07 21m from 289m @ 0.13% Co SRCD028A 9m from 270m @ 0.13% Co ASRD003 21.22m from 345.7m @0.07% Co SND6 SND9A SRCD07 SRCD11B ASRD002A 1100 N ASRD004 SRCD03 ASRD005 1200 N Surface SRCD031 35m from 100m @ 0.12% Co incl. 3m @ 0.18% Co SRCD03 18.4m from 108.6m @0.07% Co SRC061 7m from 134m @ 0.13% Co SND9A 8.87m from 156.13m @ 0.14% Co SRCD063 6m from 291m @ 0.10% Co SRCD064 14.5m from 394m @ 0.34% Co incl. 9.6m @0.49% Co and 3m @ 0.96% Co ASRD004 11m from 395m @ 0.3% Co ASRD005 7.85m from 455m @0.04% Co 0- ASRD002A 8.6m from 475.6m @ 0.11% Co SRCD11B 8m from 468m @0.04% Co LEGEND Drill hole with Co intersection - new AKN hole or new assay of previous hole Drill hole with Co intersection - previous hole -100- 0 50 100m Zone of mineralisation Surface drillhole collar & trace Pierce point drill hole trace AUKING SANDIEGO PROSPECT DRILL HOLE LONG SECTION -1000E, (COBALT) 1300 N N RL (metres) -400 -300 -200 -100 -100 KOONGIE PARK PROJECT SANDIEGO DEPOSIT PROSPECTIVE FOR COBALT • Further assessment of cobalt mineralisation. • • Significant zones of cobalt mineralisation across the Sandiego deposit - based on drilling last year and historic results. Highlighted by drillhole SRCD0064 - 14.5m@ 0.34% Co (including 9.6m@ 0.49% Co and 3m@ 0.96% Co) Cobalt was not assayed in drilling programs prior to 2010. Remnant core samples re-assayed from pre- 2010 programs. Cobalt mineralisation was identified in all eight drill holes that were sampled. Cobalt mineralisation is not currently included in the latest Koongie Park resource estimate. Refer ASX release dated 26 April 2022 9 AUKING AKN#7KOONGIE PARK PROJECT 7500m RC/diamond drilling program completed in August 2022 4,330m of RC drilling now completed across 28 holes. Target areas included: Emull (8 holes) Cosmo (14 holes) Onedin/Sandiego (4 holes) EL4960 anomaly (2 holes) 1600m diamond drilling program at Onedin and Sandiego has also been completed, with assay results pending, Emull Prospect 1 EL4960 Onedin Deposit Sandiego Deposit Halls Creek Cosmo Prospect Mining Lease Prospecting Licence Exploration Licence Homestead JORC Deposits Major Prospects 10km AUKING AKN 7#8AUKI KING AKN RBA313 15m @ 0.25% Cu from 2m RBC022 3m @ 0.2% Cu from 25m Untested Geophysical anomaly 1.5km Open 1.7km Untested Geophysical anomaly RBC033 14m 5 D.337. Cu from 28m RBC075 9m @0.7% Cu 2km from 25m RBC007 9m @ 0.4% Cu from 26m Emull Deposit E 8004957 RBC042 em cũ Ū.I Cu froor Cm KOONGIE PARK PROJECT EMULL PROSPECT Wide, near surface copper and zinc sulphide mineralisation confirmed in August 2022. EMRC002-74m @ 0.36% Cu, 0.71% Zn, and 6g/t Ag from 106m EMRC004-89m @ 0.36% Cu, 1.18% Zn and 9g/t Ag from 61m EMRC007-25m @ 0.46% Cu, 1.55% Zn and 8g/t Ag from 34m and EMRC009-86m @ 0.33% Cu, 0.09% Zn and 2g/t Ag from 53m Results consistent with historic exploration by Northern Star Resources (2004 - 2009). 19000 319500 20500 321000 821500 322000 322500 23000 323500 Refer ASX release dated 12 August 2022 Potential for a shallow, bulk tonnage, open pit operation. 8#97973750 AORD22 008 AORD22,009 7973500 ACORC22_006 9m @ 0.51% Cu from 73m 00000 4 7073250' ACORC22_016 14m @ 0.48% Cu from 7973000 154m 7972750 00000 ACORC22 016 ACORC22 015 COSMO ACORC22.007 ACORC22 006 Open ACORC22_007 21m @ 0.41% Cu from 106m KOONGIE PARK PROJECT COSMO PROSPECT AUKING AKN ONEDIN RESOURCE 4.8Mt @ 0.7% Cu, 3.2% Zinc, 38 g/t Ag, 1.1% Pb 0 100 First four drill holes confirm significant near-surface copper mineralisation in August 2022. ACORC22006 - 11m @ 0.44% Cu, 0.42% Zn and 5g/t Ag from 72m including 3m @ 0.75% Cu, 0.41% Zn and 7g/t Ag from 75m ACORC22007 - 25m @ 0.38% Cu, 1.87% Zn and 2g/t Ag from 103m including 6m @ 0.74% Cu, 2.79% Zn and 4g/t Ag from 115m ACORC22015- 9m @ 0.47% Cu, 0.84% Zn and 3g/t Ag from 126m ACORC22016 - 15m @ 0.45% Cu, 0.71% Zn and 5g/t Ag from Im Potential to establish additional deposit 500m south-west of Onedin. 127m 344500 344750 345000 345250 345500 345750 346000 346250 ACORC22_015 6m @ 0.61% Cu from 7972500344250 Refer ASX release dated 24 August 2022 6#10KOONGIE PARK PROJECT ONEDIN DEPOSIT METALLURGY Onedin metallurgical testwork program 020 10 19 030 20 010 Parameters of the testwork program have been finalised - seeking to identify suitable processing solution for the near-surface oxide and transition ores at Onedin. Testwork commenced in March 2022, in conjunction with specialist Perth-based laboratory. Initial results confirm existence of secondary carbonate species in the Onedin mineralisation, and recoveries for Cu, Zn and other minerals > 75%. Currently working on lower-grade near surface material, subject to heavy weathering. This material is dominated by Fe oxide/hydroxide material. AKN proposes to utilise the AmmLeachⓇ ammonia leaching process as part of this metallurgical assessment. AKN has registered this program with Commonwealth R&D tax incentive program and received a $556k refund in relation to work for the 2021 financial year. AUKING AKN 10#11WHY AUKING? Halls Creek Location Low market capitalisation for 9Mt JORC resource Highly Prospective 2022 Drilling Program + Strong Copper-Zinc- Cobalt marketability 11#12AUKING AKN CONTACT DETAILS Auking Mining Ltd Level 22, 127 Creek Street, Brisbane QLD 4000 Office: +61 7 3535 1208 Paul Williams: +61 419 762 487 Email: [email protected] www.aukingmining.com 12#13CORPORATE SNAPSHOT Anna Nahajski- Staples Non-Executive Chair, from 1 October 2022 Shizhou Yin Non-Executive Director Paul Williams Chief Executive Officer lan Hodkinson Non-Executive Director Peter Tighe Non-Executive Director Chris Bittar Exploration Manager CAPITAL STRUCTURE Shares on issue 104.1 million Market Capitalisation $8.1 million 19 September 2022 Cash $3 million 30 June 2022 Top 20 Shareholders 38.9% AUKING AKN 13#14APPENDIX 1 KOONGIE PARK JORC RESOURCES ONEDIN MINERAL RESOURCE ESTIMATE & METAL TONNES CSA Global provided a full updated resource estimate of the Koongie Park resources (in accordance with the JORC 2012 reporting standards) and this was released to ASX on 7 April 2022. Set out below is the full resource details (Onedin below and Sandiego on next slide): RESOURCE METAL TONNES Tonnes Copper Zinc Gold Zone Classification Mt % % (g/t) Silver g/t Lead % Indicated 1.5 1.1 0.6 0.2 47 1.2 Cu Dominant Inferred Indicated 3.3 0.5 4.3 0.1 34 1.0 Zn Dominant Inferred Resource Total and Grades 4.8 0.7 3.2 0.1 38 1.1 Zone Cu Dominant Tonnes Classification Mt Copper % Zinc Gold Silver Lead % (g/t) g/t % Indicated 1.5 16,500 9,000 9,600 2,27 18,000 Inferred Zn Dominant Total Metal Tonnes Indicated Inferred Note: (1) Reported tonnes and grade are rounded 3.3 16,500 141,900 10,600 3.61 33,000 4.8 33,000 150,900 20,200 5.88 51,000 (2) Reporting cut-off grades of 0.4% Cu and 1% Zn have been applied to the Onedin Deposit 14 AUKING AKN#15METAL TONNES RESOURCE APPENDIX 1 KOONGIE PARK JORC RESOURCES SANDIEGO MINERAL RESOURCE ESTIMATE & METAL TONNES Tonnes Copper Zinc Gold Zone Classification Mt % % (g/t) Silver g/t Lead % Indicated 1.7 2.3 0.8 0.3 18.0 0.2 Cu Dominant Inferred 0.3 1.6 3.0 0.2 5.0 0.0 Subtotal 2.0 2.2 1.1 0.3 16.0 0.1 Indicated 2.0 0.6 7.3 0.1 35.0 0.7 Zn Dominant Inferred 0.1 0.2 6.1 0.1 10.0 0.1 Subtotal 2.1 0.6 7.3 0.1 34.0 0.7 Resource Total and Grades 4.1 1.4 4.3 0.2 25.0 0.4 Tonnes Copper Zinc Gold Zone Classification Mt % % (g/t) Silver g/t Lead % Indicated 1.7 39,100 13,600 16,400 0.98 3,400 Cu Dominant Inferred 0.3 4,800 9,000 1,900 0.05 0 Subtotal 2.0 43,900 22,600 18,300 1,03 3,400 Indicated 2.0 12,000 146,000 6,400 2.25 14,000 Zn Dominant Inferred 0.1 200 6,100 300 0.03 100 Subtotal 2.1 12,200 152,100 6,700 2.28 14,100 Total Metal Tonnes 56,100 174,700 25,000 3.31 17,500 Note: (1) Reported tonnes and grade are rounded (2) Reporting cut-off grades of 0.8% Cu and 3% Zn have been applied to the Sandiego Deposit 15 AUKING AKN