AuKing Mining Ltd (ASX:AKN) CEO Paul Williams joins Proactive’s Elisha Newell to provide a rights update on the explorer’s Manyoni Uranium Project in Tanzania. AuKing recently secured five prospecting licences at Manyoni, but the Tanzanian Mining Commission has advised a system malfunction triggered a double rights allocation, meaning two of those licences are subject to revocation. AuKing is on the appeals track, but in the meantime, it plans to explore other areas of Manyoni where there is potential for resource expansion. The company’s A$2.2 million placement with Ven Capital is also proceeding as planned.
AuKing Mining to appeal Manyoni licence revocation
