AuKing Mining Commences Exploration Targeting at Machinga Heavy Rare Earths Project in Malawi

Manish Choudhary

09 November 2026 03:33 PM AEDT

AuKing Mining Commences Exploration Targeting at Machinga Heavy Rare Earths Project in Malawi

Image Source: Krish Capital Pty Ltd

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

AuKing Mining Limited (ASX:AKN) has commenced exploration targeting at its Machinga Heavy Rare Earths Project in Malawi, covering a 200.4 km² licence area, with field activities planned and a UAV-based geophysical survey targeted for early December 2026, subject to contractor availability and operational approvals.

Key Points

Exploration targeting is underway at the Machinga Heavy Rare Earths Project in Malawi across a 200.4 km² licence area, focused on identifying high-priority heavy rare earth targets.
AuKing holds a 100% interest in Machinga following the completion of its acquisition of Green Exploration Limited.
Historical drilling returned an average of 29% HREO/TREO and 3.6% DyTb/TREO in mineralised samples above a 0.25% TREO cut-off.
S&P Global reported on 30 September 2026 that North American dysprosium oxide prices increased by approximately 41% to US$3,250/kg, while terbium oxide prices surged by approximately 53% to US$7,500/kg.
Chinese customs data released 21 September 2026 showed exports of dysprosium and terbium fell to zero in August 2026.

Machinga Project Exploration Targeting and Priority Areas

AuKing has advanced the compilation, validation and interpretation of historical drilling, geochemical and geophysical datasets at Machinga, establishing an improved geological framework to guide systematic exploration targeting. The integrated review has identified multiple priority areas of interest associated with regional radiometric anomalies, interpreted structural corridors and prospective geological settings. These areas remain largely untested by historical drilling and surface sampling. The company's technical team has identified alkaline granitic and pegmatitic lithologies spatially associated with interpreted structural trends and elevated uranium radiometric responses, providing an initial framework for evaluating the distribution of REE–Nb mineralisation.

Historical Drilling Results at Machinga

Historical near-surface drilling at Machinga recorded significant intersections enriched in dysprosium and terbium. Notable results include MDD007 returning 15.1 metres at 1.01% TREO and 27.70% HREO from 23.9 metres, including 4 metres at 1.75% TREO from 33 metres. MDD008 recorded 9 metres at 1.11% TREO and 27.58% HREO from 41 metres. MDD006 returned 5.2 metres at 1.61% TREO and 30.66% HREO from 41.4 metres, including 1 metre at 2.67% TREO from 44 metres. MR005 recorded 16 metres at 1.01% TREO and 28.22% HREO from 78 metres. The filing states historical drill hole collars are concentrated at the northern end of an approximately 6 km-long radiometric anomaly.

Planned Field Activities and Upcoming UAV Geophysical Survey

AuKing has commenced preparations for the next phase of exploration at Machinga, with field activities planned for November 2026 and a proposed UAV-based geophysical survey targeted for early December 2026, subject to contractor availability and operational approvals. The initial field program will comprise geological mapping, rock-chip and soil sampling, verification of historical exploration sites, and engagement with local stakeholders. These activities will focus on evaluating the priority areas of interest. Datasets from historical drilling, geochemistry and geophysics are being integrated to assess extensions to mineralisation along strike and at depth, and to identify new targets across the broader project area.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.