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Highlights
- AuKing Mining advances feasibility at Tick Hill Joint Venture
- Reprocessing options considered for historic mine site
- Early gold production goal set for next year
AuKing Mining Ltd (ASX:AKN) is actively progressing its gold-focused development work at the Tick Hill Joint Venture in Queensland, with a clear objective of initiating early-stage gold production next year. Although AuKing is not part of the ASX 200 companies, its strategic movements are gaining attention in the junior mining sector for their resource-focused planning and accelerated project execution.
The company has directed its efforts toward revitalising the historically productive Tick Hill site, which saw considerable output in the early 1990s. Today, its potential lies not only in untapped underground resources but also in the remnant tailings and surface stockpiles that offer reprocessing possibilities.
Site Legacy and Resource Potential
Located south of Cloncurry, the Tick Hill site has a well-documented history as a high-grade mine. AuKing is building on this legacy by focusing on resources already present at surface level, including tailings and previously mined material. These are currently being assessed as part of a larger feasibility process.
Engineering work now underway includes test programs analysing throughput rates, energy usage, and gold recovery performance. The outcomes from this test work are set to inform the final feasibility model, laying the groundwork for infrastructure decisions and scheduling.
Economic Pathway and Next Steps
The foundation for AuKing’s approach is based on an earlier study completed by Carnaby Resources Ltd (ASX:CNB), which identified viable processing routes. Building on that framework, AuKing recently completed a Preliminary Economic Assessment to evaluate updated project metrics.
Progress at the site is described as accelerating, with ongoing activity on the ground moving in line with the company’s timeline. The broader objective remains to bring Tick Hill into early-stage production in the near term, subject to the completion of acquisition-related conditions tied to the broader Cloncurry Project.
Frequently Asked Questions
- Where is the Tick Hill Joint Venture located?
Tick Hill is situated about 120 kilometres south of Cloncurry in northwestern Queensland, Australia. - What kind of work is AuKing Mining undertaking at Tick Hill?
The company is advancing feasibility studies and technical assessments to prepare for early-stage gold recovery from surface tailings and stockpiles. - Is AuKing Mining part of the ASX 200 companies?
No, AuKing Mining is not currently listed among ASX 200 companies.
