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Kuniko Limited (ASX:KNI)

ALERT: Price-sensitive ASX Announcement for KNI
Current share price for KNI : $0.029 -0.043 (-59.72%)+
Announcement
Release
3 Oct 2025 9:13AM
Price at Release
$0.072
Full Release
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Summary
Kuniko Limited has completed all necessary conditions to earn up to a 70% stake in the Commonwealth Gold-Silver Project in New South Wales' Lachlan Fold Belt by entering an Earn-in & Joint Venture Agreement with Impact Minerals Ltd. Located in a prime mineral province, the project features drill-ready deposits at Commonwealth and Silica Hill, backed by existing JORC (2012) resource estimates. Kuniko is set to begin Stage-1 exploration with significant regional upside and potential catalysts for shareholder value through intensive exploration activities planned for the near future.
Key Points
  • Kuniko secures the right to earn up to 70% of the Commonwealth Project in NSW Lachlan Fold Belt.
  • Completion of all conditions precedent for the Earn-in & Joint Venture Agreement with Impact Minerals Ltd.
  • 2,875,000 Kuniko ordinary shares issued to Impact Minerals subject to escrow periods.
  • The Commonwealth Project is in a Tier-1 location within the Lachlan Fold Belt, known for world-class operations.
  • Key deposits include Commonwealth and Silica Hill, which are drill-ready with approvals and access agreements.
  • Existing resources include JORC (2012) Inferred Mineral Resource Estimates at both Commonwealth and Silica Hill.
  • Regional upside includes additional untested targets across Silica Hill East, Greenobbys, and Gladstone.
  • Kuniko may earn up to 70% by funding A$3.0m of exploration over four years, managing while holding =51%.
  • Stage-1 exploration includes mapping, geophysics, geochemistry, and drill program design with drilling anticipated early.
  • The project complements Kuniko's existing battery metals portfolio in Norway.
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.