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Kuniko Limited (ASX:KNI)

ALERT: Price-sensitive ASX Announcement for KNI
Current share price for KNI : $0.028 -0.039 (-58.21%)+
Announcement
Release
30 Oct 2025 9:09AM
Price at Release
$0.067
Full Release
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Summary
Kuniko Limited's quarterly report for the period ending 30 September 2025 shows a focus on strategic financial management and exploration initiatives. The company reported a net cash outflow from operating activities of $306,000, with cash and cash equivalents totaling $909,000 by the end of the quarter. Kuniko successfully raised $2.72 million, reducing its reliance on debt financing. While no new loan facilities were drawn, Kuniko continued to invest strategically in its Norwegian and Commonwealth exploration projects, maintaining them in good standing. The report also details a disciplined approach to expenditure, including exploration costs of $24,000 and payments to related parties settled via equity participation. The company is progressing its next phase of exploration, particularly for the Commonwealth Gold-Silver Project and its battery metals projects in Norway.
Key Points
  • Kuniko Limited (KNI) reported a net cash outflow from operating activities of $306,000 for the quarter.
  • No new loan facilities or drawdowns were made during the September quarter.
  • Kuniko's cash and cash equivalents at the end of the quarter were $909,000.
  • The company focused on strategic capital raising activities, which included a $2.72 million raise.
  • Kuniko has maintained its Norwegian projects, with a focus on capital management and strategic exploration objectives.
  • Exploration and evaluation expenditure for the quarter was $24,000.
  • Payments to related parties totaled $101,069, which were settled through equity participation.
  • Kuniko's field programs and strategic initiatives continue, including the Commonwealth Gold-Silver Project.
  • Kuniko Limited is strategically positioning its battery metals projects in Norway as part of its long-term goals.
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.