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The latest update is out from Kuniko Ltd. ( (AU:KNI) ).
Kuniko Ltd. has secured the right to earn up to 70% of the Commonwealth Project, located in the Lachlan Fold Belt of New South Wales, through a joint venture agreement with Impact Minerals Ltd. This agreement, which involves an issuance of 2,875,000 ordinary shares to Impact, allows Kuniko to manage exploration efforts as it funds A$3.0 million over four years. The project includes two key drill-ready deposits, Commonwealth and Silica Hill, with significant potential for gold and silver mineralization. Kuniko plans to commence Stage-1 exploration activities shortly, which will include mapping, geophysics, and drilling, aiming to drive value for shareholders and enhance its position in the precious metals sector.
More about Kuniko Ltd.
Kuniko Ltd. is involved in advancing projects related to silver, gold, and base metals in Australia, as well as battery metals projects in Europe. The company focuses on critical and strategic minerals essential for energy transition and security, ensuring ethical sourcing in its operations.
Average Trading Volume: 103,844
Technical Sentiment Signal: Sell
Learn more about KNI stock on TipRanks’ Stock Analysis page.