Auking Mining jumps most in nearly 4 weeks on stake increase in W.Australian JV

Auking Mining

20/09/2022 02:20

** Shares of Auking Mining Ltd  AKN.AX  rise as much as
10.3% to A$0.086, their biggest intraday jump since Aug 24 
    ** The resource explorer and developer says it has acquired
a further 5% participating interest in Co's Koongie Park Joint
Venture in Western Australia with mining company Astral
Resources  AAR.AX   urn:newsml:reuters.com:*:nASX3FgxWb
    ** Co's current participating interest in Koongie Park JV
stands at 80% 
    ** Says stake rise due to Astral Resources not electing to
contribute to exploration expenditures of Koongie Park joint
venture 
    ** Stock hits highest since Sept 8
    ** Shares down 39.5% YTD as of last close 

 (Reporting by John Biju in Bengaluru)
 ((john.biju@thomsonreuters.com))