Kuniko’s Funding Boost Paves Way for Critical Mineral Discovery Risks

Capital Raise Completes Funding for Exploration

Kuniko Limited (ASX, KNI) has successfully closed a A$1.52 million capital raise, combining proceeds from a rights issue shortfall placement and a top-up placement. This funding milestone enables the company to fully finance its Stage-1 exploration activities at the Commonwealth Gold-Silver Project in New South Wales, a strategic asset situated within the highly regarded Lachlan Fold Belt.

The rights issue shortfall raised approximately A$833,000, supplemented by a further A$686,000 from a top-up placement, both offered on consistent terms including free attaching options. The capital injection is earmarked primarily for earn-in commitments under Kuniko’s joint venture with Impact Minerals Ltd, alongside technical and exploration programs.

Exploration Momentum Builds with Advanced Techniques

With funding secured, Kuniko has initiated a comprehensive Stage-1 exploration program designed to refine and prioritise drill targets. Key activities include geochemical sampling at historically anomalous zones such as Gladstone West and Greenobby, where rock chips have previously returned gold grades up to 9.9 g/t and silver up to 2,550 g/t.

Complementing surface sampling, an airborne MobileMT™ electromagnetic survey is set to commence imminently over Commonwealth Block A, targeting volcanogenic massive sulphide (VMS) mineralisation. This survey, managed by Expert Geophysics, aims to delineate subsurface conductors that could indicate significant mineral deposits.

Kuniko is also integrating remote sensing data, including TerraEye spectral analysis, to overlay alteration mapping with geophysical and geochemical results. This multi-disciplinary approach enhances the precision of target ranking and drill-hole design, supporting a data-driven exploration strategy.

Strategic Location and Project Potential

The Commonwealth Project benefits from its location in the Tier-1 Lachlan Fold Belt, a prolific mineral province hosting major operations such as Cadia–Ridgeway, North Parkes, and Cowal. The project encompasses both the Commonwealth VMS deposit and the Silica Hill epithermal/VMS hybrid system, with multiple untested targets offering significant upside potential.

While Kuniko has not independently verified historical JORC mineral resource estimates reported by Impact Minerals, these provide a valuable geological context. The company plans to validate and potentially update these estimates as exploration progresses.

Looking Ahead

Kuniko’s CEO Antony Beckmand emphasised the seamless transition from capital raising to fieldwork, highlighting the company’s focus on integrating new data streams to identify additional mineralisation zones. With stakeholder engagement advancing and exploration activities underway, the company anticipates a steady flow of results and updates through the remainder of 2025.

This capital raise and exploration momentum mark a pivotal step for Kuniko as it advances its portfolio of critical and strategic minerals projects across Australia and Europe, aligned with the global energy transition and ethical sourcing commitments.