Kuniko Raises A$1.52M, Readies Drill Program at Commonwealth Project
Kuniko Limited has secured new funding and is poised to commence drilling at its Commonwealth Gold-Silver Project in New South Wales, targeting district-scale precious metals in a Tier-1 jurisdiction.
- A$1.52 million capital raise funds stage-1 exploration
- Drill-ready Commonwealth project in Lachlan Fold Belt
- Historic high-grade gold, silver, zinc, lead, copper intercepts
- Clear 2025–26 growth plan with geophysics, drilling, resource updates
- Multiple untested regional targets offer district-scale upside
Funding Secured for a Strategic Exploration Push
Kuniko Limited (ASX – KNI) has announced it has secured new funding to advance exploration at its Commonwealth Gold-Silver Project, located in the prolific Lachlan Fold Belt of New South Wales. The A$1.52 million capital raise underpins a fully funded stage-1 exploration program, positioning the company to move swiftly into drilling and resource definition phases.
This project sits within a Tier-1 mining jurisdiction, renowned for hosting some of Australia's largest gold and copper mines. Kuniko’s entry into this district-scale project offers exposure to a polymetallic system rich in gold, silver, lead, zinc, and copper, with historical mining dating back to the early 1900s.
District-Scale Potential Backed by Historical Data
The Commonwealth project features a volcanogenic massive sulphide (VMS) and high-sulphidation epithermal system, with previous drilling by Impact Minerals revealing high-grade mineralisation. Notable intercepts include intervals with gold grades exceeding 7 g/t and silver assays reaching thousands of grams per tonne, alongside significant zinc and lead content.
Kuniko’s agreement allows it to earn up to 70% ownership through a staged earn-in, leveraging extensive historical data and geophysical surveys. The mineralisation remains open along strike and at depth, indicating substantial exploration upside. Additional nearby prospects such as Silica Hill, Welcome Jack, and Greenobbys further enhance the project’s district-scale growth potential.
A Clear Roadmap for Exploration and Growth
The company has outlined a clear exploration pathway through 2025 and 2026. Activities include geochemical sampling, advanced geophysical surveys using MobileMT technology, and a first-pass drilling program targeting high-priority zones beneath historic workings. An updated Mineral Resource Estimate is planned for mid-2026, which could provide a more comprehensive understanding of the project's scale and grade.
Near-term catalysts include the completion of the joint venture earn-in, commencement of field programs, and staged assay results expected to drive market interest. Kuniko’s management team, with extensive experience in mineral exploration, is focused on delivering sustainable growth while adhering to ESG principles, including transparent emissions tracking.
Strategic Positioning in Precious and Battery Metals
Beyond the Commonwealth project, Kuniko maintains a diversified portfolio with exposure to battery metals in Norway, complementing its precious metals focus in Australia. This dual exposure in tier-1 jurisdictions aligns with broader market trends favoring sustainable and strategic mineral resources.
With a tight capital structure and strong backing from strategic investors, Kuniko is well-positioned to capitalise on the upcoming exploration milestones. The company’s approach balances the promise of high-grade discoveries with disciplined project advancement in one of Australia’s most fertile mining belts.
Bottom Line?
As Kuniko prepares to drill, the Commonwealth project’s next assay results will be pivotal in defining its future trajectory.
Questions in the middle?
- Will initial drilling confirm the high-grade mineralisation suggested by historical data?
- How might updated resource estimates impact Kuniko’s valuation and JV partnerships?
- What potential lies in the untested regional targets beyond Commonwealth and Silica Hill?
