Auking Mining (ASX:AKN) Shares Rise on East Tundulu Rare Earth Assays

Sonal Goyal

05 November 2026 01:00 PM AEDT

Auking Mining (ASX:AKN) Shares Rise on East Tundulu Rare Earth Assays

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Key Highlights

Auking Mining shares were priced at $0.011 during the 5 November 2026 trading session, up 16.67%.
A release dated 4 November 2026 reported drill hole 26TH015 with 67m at 1.68% TREO from surface.
East Tundulu had not been drill tested before, and sits more than 1km east of the Nathace Hill target.

Auking Mining Ltd (ASX:AKN) shares were priced at $0.011 during the Trading session on 5 November 2026, up 16.67%. The S&P/ASX 200 was up 1.88%, or 166.10 points, at 9,000.60 at around 12:15 pm Sydney time, so the broader market was also trading higher during the session. Auking is exploring the Tundulu Project, a carbonatite system with rare earth potential. Its latest announcement, dated 4 November 2026, reports the first high-grade results from a new area.

Latest Development: East Tundulu Rare Earth Results (4 November 2026)

In an ASX announcement dated 4 November 2026, Auking said latest assays from the initial RC drilling at Tundulu Hill returned high-grade rare earth mineralisation at East Tundulu. The area had never previously been drill tested and sits more than 1km east of the Nathace Hill primary target zone.

Hole 26TH015 was designed to test a magnetic low from the company's earlier airborne survey and returned 67m at 1.68% TREO from surface, including 12m at 2.56% TREO from 5m. The company said the results strengthen the case for testing additional carbonatites across the wider Tundulu complex.

Sector Context

The materials sector, which covers the bulk of ASX resource companies, was up 5.83% in the session, providing a supportive backdrop for explorers and producers. Rare earth explorers outside China attract attention because of Demand from magnet and technology Supply chains, and drilling results are watched closely.

What to Watch Ahead

Investors may track further assays from East Tundulu, follow-up drilling on other magnetic targets and any resource work that follows.

Key Risks

Early drill results may not represent the full carbonatite body, and grades can vary. Rare earth prices and policy conditions can change. Exploration companies depend on funding, and low-priced shares can move sharply.

Final Word

Auking shares rose in the session after the company reported high-grade rare earth results from East Tundulu. Further assays and follow-up drilling will show how the mineralised footprint develops.

FAQs

Q: How did Auking Mining shares trade on 5 November 2026?

A: AKN shares were priced at $0.011 during the trading session, up 16.67%, while the S&P/ASX 200 was also trading higher.

Q: What did hole 26TH015 return?

A: Hole 26TH015 returned 67m at 1.68% TREO from surface, including 12m at 2.56% TREO from 5m.

Q: Why was East Tundulu not drilled before?

A: The company said East Tundulu had never previously been drill tested, and the hole was designed to test a magnetic low from an earlier airborne survey.

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