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Impact Minerals Limited (ASX:IPT)

ALERT: Price-sensitive ASX Announcement for IPT
Current share price for IPT : $0.044 0.038 (633.33%)+
Announcement
Release
3 Oct 2025 9:13AM
Price at Release
$0.006
Full Release
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Summary
Kuniko Limited is advancing its Commonwealth Gold-Silver Project in New South Wales, Australia, through a binding earn-in and joint venture agreement with Impact Minerals Limited. This project, situated in the Lachlan Fold Belt, presents a significant opportunity for precious metals exploration and complements Kuniko's existing battery metals portfolio in Norway. The Commonwealth and Silica Hill prospects have previously been reported to contain significant gold and silver mineralization, although Kuniko has not independently verified these estimates. The current plan involves initiating Stage-1 technical work, including data consolidation, mapping, geochemistry, and geophysics to refine drill designs, with drilling anticipated to commence early in the stage. This development highlights Kuniko's strategic expansion into gold and silver exploration in a tier-1 mining jurisdiction.
Key Points
  • Kuniko's Commonwealth project involves an earn-in and JV with Impact Minerals.
  • The project is located in the Lachlan Fold Belt in New South Wales, Australia.
  • Previous reports indicate significant gold and silver mineralization at Commonwealth and Silica Hill.
  • Kuniko has not independently verified the resource estimates.
  • Stage-1 work includes data consolidation, mapping, geochemistry, and geophysics.
  • Drilling is expected to start early in Stage-1.
  • The project aligns with Kuniko's strategic expansion into precious metals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.