Open at Depth: AuKing’s First Tundulu Diamond Hole Hits Carbonatite All the Way to 510m

AuKing Mining (ASX: AKN) has completed the first diamond hole at its Tundulu Rare Earths Project in southern Malawi at 510.62m, well beyond the 300m originally planned. Carbonatite was logged continuously to the end of the hole, and end-of-hole logging indicates the geology remains open at depth. The first 1,270 RC samples are now being assayed at Intertek’s Perth laboratory.

The numbers that matter

0m
Final depth of first diamond hole 26NH032
0m
Drilled beyond the original 300m plan
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Malawi export permits now secured
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Samples already at Intertek’s Perth laboratory

The hole that kept going

Diamond drilling at Tundulu started at 26NH032, a hole already drilled by RC to 150m. The plan was a 150m diamond tail, taking it to 300m total.

Tundulu Project drillhole location map showing 26NH032 collar and downhole trace

Tundulu Project drillhole update for 26NH032. The red trace shows the approximate downhole trajectory. Source: AuKing Mining Limited, ASX announcement 17 August 2026.

As drilling continued, logging identified carbonatite intrusions well past that point, and the decision was taken to extend the hole. It was eventually stopped at 510.6m, with extensive carbonatite geology logged throughout.

The important detail is how it finished. End-of-hole logging does not indicate the carbonatite has ended. Core photographed from roughly 505.2m to 510.6m shows variably altered carbonatite and carbonatite breccias continuing to the bottom of the hole. AuKing stopped because it had the data it needed at this stage of the program, not because the geology ran out. Other deeper holes are planned.

In exploration terms the system is open at depth, meaning the deposit has not been closed off and subsequent holes have room to add to the model rather than simply confirm it.

Diamond drill core from 505.2 to 510.6m in 26NH032 showing carbonatite and carbonatite breccias

Diamond drill core from approximately 505.2 to 510.6m downhole in 26NH032, showing variably altered carbonatite and carbonatite breccias continuing to the end of hole. Source: AuKing Mining Limited, ASX announcement 17 August 2026.

Tundulu Drilling Outlay

Schematic representation of drillhole 26NH032. Illustrative only, not to scale and not a company section. Colours denote drilling method, not geology. Depths per AuKing Mining Limited, ASX announcement 17 August 2026.

How the carbonatite story has built

Straight talk on the assay delays

We also share investors’ frustrations with the delays in assay reporting of the early Tundulu drilling.
Paul Williams, Managing Director, AuKing Mining Limited

Rather than glossing over it, Williams named the issue directly and set out what has been done about it: expediting export permitting, transport from Malawi to Zambia, sample preparation, and export on to the laboratory in Perth. His view is that AuKing’s logistics have moved faster than the regional norm, and that with samples now inside Intertek’s Perth facility, turnaround should be timely.

He was equally direct on the geology, noting that observations from the initially planned 300m hole compelled the drilling to continue well beyond that depth, with carbonatite confirmed throughout.

Where the samples actually are

The assay pipeline runs across three countries. Here is the current position at each stage.

Diamond core is logged, photographed and cut longitudinally, with half-core submitted for analysis and half retained in labelled trays. Sampling is planned on nominal 1m intervals, flexing between 0.5m and 1.5m to honour geological and mineralisation boundaries. Core stays under Company supervision through to AuKing’s Zomba core processing and storage facility.

Reading between the lines

Diamond drilling is expensive and slow compared to RC. Every additional metre is a deliberate spend against a finite budget, and a rig committed to one hole is a rig not drilling another target.

Running 26NH032 to 510.6m rather than pulling out at 300m means the geologists on site were seeing something worth paying for. That is a stronger signal than any wording in a highlights box.

Every meaningful grade number in the project’s history comes from shallow holes, many of which stopped while still in mineralisation.

What sits underneath had never been properly tested. 26NH032 is the first hole to go looking, and it found carbonatite for its entire length without reaching the bottom of the system.

AuKing has flagged a maiden Mineral Resource Estimate targeted for release before the end of the year, depending on assay results.

Three inputs feed it: geological continuity, which the 90% RC hit rate and now the depth extension are building; grade, which sits entirely with Intertek; and density and metallurgical characterisation, which the diamond core is being generated for.

Two of the three are progressing visibly. The third is the gate.

Summary

Historic drilling at Tundulu was shallow and repeatedly stopped while still in mineralisation. AuKing’s RC phase then found carbonatite in 28 of 31 holes across a footprint far wider than the historically drilled ground. The first diamond hole has now carried that same geology to 510.6m and ended without closing it off.

The geological case keeps getting bigger in every direction it is tested. What it has never had is a modern grade dataset, and that is what is sitting in a laboratory in Perth right now.

Reporting notes: this article summarises AuKing Mining Limited’s ASX announcement of 17 August 2026 together with publicly reported information from earlier releases. No assay data has been reported from the current drilling program and no diamond core assay results have been reported. Visual observations and geological interpretations of drill core are based on preliminary logging and are not a substitute for laboratory analysis. Historical drilling results were reported by previous explorers and have not been verified by AuKing through modern drilling.

This content is general information and commentary only. It is not financial product advice and does not take into account your objectives, financial situation or needs. Exploration is inherently high risk. Do your own research and consider obtaining advice from a licensed financial adviser before making any investment decision.