Kuniko’s Drill-Ready Commonwealth Project Faces Critical Test in Early 2026

Exploration Breakthrough at Geenobby

Kuniko Limited (ASX – KNI) has delivered encouraging exploration results from its Commonwealth Gold–Silver Project in New South Wales, Australia. The recent rock chip sampling at the Geenobby Prospect returned assays as high as 6 grams per tonne (g/t) gold and 29 g/t silver, extending the known mineralised trend into a previously untested northern area. These findings confirm the presence of a coherent, structurally controlled gold-silver system, underpinned by a distinctive hydrothermal signature.

The soil geochemistry program further supports this interpretation, revealing a laterally continuous gold anomaly that aligns with interpreted structural corridors and a demagnetised magnetic zone identified through aeromagnetic surveys. This multi-element association, including bismuth, tellurium, molybdenum, and lead, is characteristic of intrusion-related magmatic-hydrothermal systems, which are often associated with significant precious metal deposits.

Strategic Positioning in a Tier-1 Gold Belt

The Commonwealth Project is situated within the prolific Lachlan Fold Belt, a Tier-1 mineral province hosting major operations such as Cadia-Ridgeway and North Parkes. Kuniko’s joint venture with Impact Minerals (ASX – IPT) provides access to a portfolio of exploration licences covering approximately 315 square kilometres, including the Commonwealth and Silica Hill deposits. Historical inferred mineral resource estimates at these deposits indicate significant gold and silver mineralisation, although Kuniko has yet to independently verify these figures.

With all necessary land access agreements and drilling permits in place, Kuniko is poised to commence its maiden Phase-1 diamond drilling program in January 2026. Priority targets have been identified not only at Geenobby but also at Commonwealth Main, Silica Hill, and Commonwealth South, promising a comprehensive exploration campaign across multiple prospects.

Integrated Geochemical and Geophysical Approach

Kuniko’s exploration strategy integrates detailed soil geochemistry, rock chip sampling, and advanced geophysical techniques such as Mobile Magnetotelluric surveys and Gradient Array Induced Polarisation. Multivariate statistical analysis, including Principal Component Analysis, has been employed to distil complex geochemical data into coherent mineralisation vectors, enhancing drill targeting precision.

Pending assay results from the Gladstone West Prospect and further geophysical data processing are expected to provide additional insights and potential drill targets. The company’s commitment to ethical sourcing and environmental stewardship aligns with global energy transition goals, reinforcing its position as a responsible explorer of critical and strategic minerals.

Broader Portfolio and Market Context

Beyond Australia, Kuniko is advancing battery metals projects in Europe, including nickel, cobalt, and copper assets in Norway and the Nordics. This diversified portfolio positions the company at the intersection of precious metals and battery metals markets, both critical to the evolving clean energy landscape.

As Kuniko moves toward drilling and potential resource delineation at Commonwealth, the market will be watching closely for assay results and subsequent updates that could validate the project’s scale and economic potential.