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Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.021 -0.005 (-19.23%)+
Announcement
Release
15 Jun 2026 9:05AM
Price at Release
$0.026
Full Release
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Summary
Koonenberry Gold Ltd has commenced a collaborative drilling program with Newmont at the Junee Joint Venture in New South Wales, targeting a significant gold-in-soil anomaly and alteration zone. This initiative is part of a broader Exploration Earn-in and Joint Venture Agreement managed by Newmont, allowing KNB to simultaneously progress other high-priority projects within its Lachlan Project. The Junee Project, located in the prolific Macquarie Arc of the Lachlan Fold Belt, is a critical part of KNB's expansive exploration effort across New South Wales, aiming to unlock substantial gold and copper-gold resources.
Key Points
  • Newmont and KNB's geological team collaborated to design a drill program.
  • The drill program at Junee JV is funded under an Exploration Earn-in and Joint Venture Agreement managed by Newmont.
  • A diamond drill program of up to nine holes for 1,800m has commenced at the Allawah Target, Junee JV.
  • The drilling targets include a large-scale gold-in-soil anomaly and a quartz-albite-iron carbonate-pyrite-arsenopyrite alteration zone.
  • KNB continues to advance other high priority gold and copper-gold targets within the Lachlan Project.
  • The Junee Project is part of the Macquarie Arc in the Lachlan Fold Belt, known for significant copper-gold mineralization.
  • Koonenberry Gold Ltd owns 100% interest in multiple projects across New South Wales.
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.