Auking drills carbonatite to 510m at Tundulu, plans deeper holes

The current drilling program is focused on Nathace Hill, where the company aims to generate enough geological data to support a maiden mineral resource estimate later this year.

AuKing also completed the reverse circulation component of its initial Tundulu program on 31 July 2026, drilling 4,300 metres across 31 holes. Detailed logging confirmed widespread carbonatite lithologies across the entire drilling area. The company flagged particular interest in carbonatite material from drillholes located well away from the primary Nathace Hill target – a sign the mineralised system may extend beyond the historical focus zone.

Williams acknowledged delays in assay results from the early drilling, attributing them to the logistics chain from Malawi through Zambia to a lab in Perth. The samples have now arrived at Intertek's Perth facility, and the company expects a faster turnaround from here.

AKN traded flat at 1.8 cents, with a market cap of A$42 million.