Kuniko Prepares to Drill High-Grade Commonwealth Gold–Silver Targets in February
Kuniko Limited has advanced exploration at its Commonwealth Gold–Silver Project in NSW, completing key surveys and securing approvals ahead of a planned diamond drilling campaign in February 2026. Meanwhile, its Nordic battery metals portfolio remains strategically positioned for future development.
- Phase 1 diamond drilling program at Commonwealth scheduled for February 2026
- Completion of MobileMT™ airborne electromagnetic survey identifying multiple conductive targets
- High-grade rock chip results at Geenobbys extend mineralised trend
- Norwegian battery metals projects maintained with ongoing tenure and stakeholder engagement
- Company holds A$1.4 million cash and manages disciplined capital allocation
Exploration Momentum Builds at Commonwealth
Kuniko Limited (ASX, KNI) has made significant strides in advancing its Commonwealth Gold–Silver Project, located in the prolific Lachlan Fold Belt of New South Wales. Following the execution of an earn-in agreement with Impact Minerals, the company has completed an airborne MobileMT™ electromagnetic survey and surface geochemical sampling, both of which have refined the understanding of the mineral system and identified multiple high-priority targets.
With all necessary drilling permits and land access approvals secured, Kuniko has appointed a contractor and finalised plans for a Phase 1 diamond drilling program targeting approximately 1,200 metres across key zones including Silica Hill, Commonwealth Main, and Commonwealth South. This program, set to commence in February 2026, aims to test extensions of known high-grade gold–silver mineralisation and explore newly identified conductive structures.
Geophysical and Geochemical Insights
The MobileMT™ survey has delineated a 4-kilometre prospective corridor along the Nindethana Fault, revealing discrete conductive features that align with known mineralisation and structural trends. These findings complement historical data and provide a robust technical foundation for targeted drilling.
Surface sampling at the Geenobbys prospect returned encouraging high-grade rock chip assays, including up to 6 g/t gold and 29 g/t silver, suggesting a northern extension of the mineralised trend. Soil geochemistry further supports the presence of an intrusion-related gold system, highlighting the prospectivity of this under-explored area.
Strategic Battery Metals Portfolio in Norway
While the December quarter saw no field activities in Norway, Kuniko continues to maintain its battery metals projects focused on nickel, copper, and cobalt. The flagship Ertelien deposit within the Ringerike district hosts a JORC-compliant resource of 40 million tonnes at 0.25% nickel equivalent, underscoring its potential as a strategic asset aligned with Europe’s energy transition goals.
Other Norwegian projects, including the historic Skuterud cobalt mine and the Vågå copper project, remain in good standing with ongoing stakeholder engagement and regulatory compliance. The company is actively exploring strategic partnerships or joint ventures to unlock value from these assets.
Financial Position and Outlook
Kuniko reported cash holdings of approximately A$1.4 million at the end of December 2025, supported by two unsecured working capital facilities totaling A$1.15 million. Exploration expenditure was tightly controlled, focusing on preparatory activities for the Commonwealth drilling campaign and maintaining Norwegian licences.
Looking ahead, the company plans to integrate upcoming assay results and geophysical interpretations to refine drill targets and advance its exploration agenda. The successful execution of the Phase 1 drilling program will be a critical catalyst for Kuniko, potentially unlocking resource growth and enhancing shareholder value.
Bottom Line?
As Kuniko prepares to drill at Commonwealth, investors will watch closely for results that could redefine its growth trajectory.
Questions in the middle?
- Will the upcoming drilling confirm extensions to high-grade mineralisation at Commonwealth and Silica Hill?
- How might Kuniko capitalise on its Norwegian battery metals assets amid evolving European critical minerals demand?
- What funding strategies will the company pursue to sustain exploration momentum beyond the current cash runway?
