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The latest update is out from AuKing Mining Ltd ( (AU:AKN) ).
AuKing Mining Ltd has announced an update regarding the acquisition of the Cloncurry Gold Project assets by Orion Resources Pty Ltd. Orion secured financing to complete the purchase, but the settlement was delayed due to an unmet condition precedent related to asset security. Negotiations are underway for an extension of the settlement date. Additionally, AuKing will not proceed with acquiring Orion due to ASX Listing Rules implications.
More about AuKing Mining Ltd
AuKing Mining Ltd is a company operating in the mining industry, primarily focusing on the exploration and development of mineral resources. The company is involved in projects that aim to extract valuable minerals and metals, contributing to the resource sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$6.15M
For an in-depth examination of AKN stock, go to TipRanks’ Overview page.