Kuniko Uncovers Thick Massive Sulphides, Accelerates Drilling at Commonwealth-Silica Hill

• Three diamond holes completed, intersecting massive and semi-massive sulphides
• Down-plunge step-outs confirm continuity and open mineralisation at depth
• Visible silver sulphosalts and strong mineralised continuity at Silica Hill
• Phase 2 drilling accelerated and fully funded by $3.75m placement
• Project drill-ready with existing permits and JV with Impact Minerals

Early Drilling Success at Commonwealth-Silica Hill

Kuniko Limited (ASX: KNI) has made a strong start to its Phase 1 diamond drilling program at the Commonwealth-Silica Hill Project, located in the prolific Lachlan Fold Belt of New South Wales. The first three holes, totaling 540 metres, have intersected significant zones of massive and semi-massive sulphide mineralisation, including gold, silver, zinc, and lead-bearing sulphides. These early results confirm the continuity and scale of the mineralised system, with down-plunge step-outs extending known massive sulphide lenses beyond previous drilling.

Extending Known Mineralisation and New Discoveries

At the Commonwealth Main Shaft, holes CMKNI001 and CMKNI002 intersected 3.7 metres and 2.9 metres of massive sulphide respectively, within broader disseminated sulphide intervals exceeding 40 metres. These intercepts lie near historical high-grade drill results and demonstrate that the massive sulphide lens remains open at depth and along strike. Meanwhile, hole CMKNI003 at Silica Hill revealed approximately 60 metres of disseminated and stringer sulphide mineralisation, including visible silver sulphosalts such as proustite, highlighting strong mineral continuity in this epithermal/VMS hybrid system.

Accelerated Exploration Backed by Funding

Drilling is progressing well, with the remaining three holes of the Phase 1 program expected to be completed within two weeks. Assay results are anticipated in April, which will provide critical data to refine geological models and resource estimates. In parallel, Kuniko is accelerating a larger Phase 2 drilling campaign focused on resource validation, expansion, and testing newly defined high-priority targets identified through recent Mobile MT geophysical surveys. This accelerated program is fully funded by a strongly supported $3.75 million placement, underscoring investor confidence in the project’s potential.

Strategic Positioning in a Tier-1 Mining District

The Commonwealth-Silica Hill Project lies approximately 100 kilometres north of Orange, NSW, within the Lachlan Fold Belt; a Tier-1 mineral province hosting major operations such as Cadia-Ridgeway and North Parkes. The project benefits from existing permits and landholder agreements, allowing rapid exploration progress. Kuniko’s joint venture with Impact Minerals provides access to a substantial historical dataset, including previous drilling and resource estimates, which the company plans to validate and update as exploration advances.

Looking Ahead

With promising early drilling results and a well-funded exploration pipeline, Kuniko is positioned for an active period of growth at Commonwealth-Silica Hill. The company’s methodical approach; combining detailed geological interpretation, geophysical targeting, and staged drilling; aims to unlock the full potential of this gold-silver-base metals system while advancing new district-scale targets across the project area.

Bottom Line?

Kuniko’s early drilling success and secured funding set the stage for a pivotal exploration phase that could reshape the Commonwealth-Silica Hill resource outlook.

Questions in the middle?

• What will the upcoming assay results reveal about the grade and economic potential of the sulphide zones?
• How will Phase 2 drilling refine the Mineral Resource Estimate and impact project valuation?
• What new targets identified by geophysical surveys could emerge as significant discoveries?