AuKing Mining has started exploration targeting at its 100%-owned Machinga Heavy Rare Earths Project in southern Malawi. The 200.4 km² project was secured through the acquisition of Green Exploration Limited, completed in October 2026.

Historical drilling at Machinga returned an average of 29% HREO/TREO and 3.6% Dy+Tb/TREO in mineralised samples. That Dy+Tb ratio is roughly nine times the average of the world’s major rare earth producers. Highlights include 5.2m at 1.61% TREO from 41.4m in MDD006, with 640ppm Dy+Tb and 0.66% Nb2O5. The project is hosted in the same style of peralkaline igneous system as Bokan Mountain in Alaska.

AuKing’s review of historical data has defined multiple priority Areas of Interest along an approximately 6 km radiometric anomaly. Historical drilling covered only the northern end of the anomaly. Field mapping and sampling start this month, followed by a UAV magnetic and LiDAR survey in early December 2026.

The program comes as ex-China prices for dysprosium oxide (US$3,250/kg) and terbium oxide (US$7,500/kg) reach new highs. Chinese exports of both elements fell to zero in August 2026. At around A$24m, AuKing’s market value sits well below Malawi rare earth peers Lindian Resources and Mkango Resources, which are at more advanced stages of development.

Read more: https://bullseyeanalytics.net/auking-mining-machinga-exploration-commences/