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Kuniko Ltd. ( (AU:KNI) ) has issued an update.
Kuniko Ltd. has successfully raised approximately A$1.52 million through a rights issue shortfall and a top-up placement, fully funding the Stage-1 exploration program at the Commonwealth Gold-Silver Project in New South Wales. The exploration activities, which include geochemical sampling and airborne geophysical surveys, aim to refine drill targets in the Tier-1 Lachlan Fold Belt, a region known for major mineral operations. This capital raise enables Kuniko to advance its exploration efforts, integrating new geophysical and geochemical data to evaluate high-priority drill targets, with expectations of significant results and updates throughout 2025.
More about Kuniko Ltd.
Kuniko Ltd. is a company involved in the exploration and development of silver, gold, and base metals projects in Australia, as well as battery metals projects in Europe. The company focuses on targeting critical and strategic minerals essential for energy transition and security, ensuring ethical sourcing practices.
Average Trading Volume: 175,422
Technical Sentiment Signal: Sell
Learn more about KNI stock on TipRanks’ Stock Analysis page.