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Kuniko Limited (ASX:KNI)

ALERT: Price-sensitive ASX Announcement for KNI
Current share price for KNI : $0.022 -0.011 (-33.33%)+
Announcement
Release
9 Jun 2026 8:48AM
Price at Release
$0.033
Full Release
download
Summary
Kuniko Limited is set to commence its Phase 2 drilling program in early July 2026, following a highly successful Phase 1 campaign at the Commonwealth–Silica Hill Project. Phase 2 will involve six diamond drill holes over 1,340 meters, targeting new and existing mineralisation zones, particularly the newly discovered zone at Silica Hill. The company aims to achieve an upgraded Mineral Resource Estimate (MRE) by H2 2026. Titeline Drilling has been retained to execute the drilling, with assays expected by September 2026 and a subsequent project MRE upgrade anticipated by December 2026. This phase aims to expand and confirm the high-grade mineral potential identified during Phase 1.
Key Points
  • Phase 2 diamond drilling to commence in early July 2026.
  • Targeting Project MRE Upgrade in H2 2026.
  • Drill rig secured with Titeline Drilling for Phase 2.
  • Phase 1 drilling exceeded expectations with 100% mineralisation success.
  • New mineralised zone discovered at Silica Hill.
  • Phase 2 consists of six diamond drill holes, approximately 1,340m.
  • Focus on high-grade polymetallic mineralisation at key sites.
  • Resource Potentials' targeting review to integrate historical data.
  • Expected assay results in September 2026.
  • Project MRE upgrade planned for December 2026.
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.