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Impact Minerals Limited ( (AU:IPT) ) has provided an update.
Kuniko Limited has secured the right to earn up to 70% of the Commonwealth Project in the Lachlan Fold Belt, a premier mineral province in central-west NSW, through an agreement with Impact Minerals Ltd. The project includes drill-ready gold-silver deposits at Commonwealth and Silica Hill, with existing resources and significant regional upside. Kuniko plans to commence Stage-1 exploration shortly, which includes mapping, geophysics, geochemistry, and drill program design, with drilling anticipated early in the program. This development is expected to enhance Kuniko’s operations by providing a Tier-1 jurisdiction precious metals opportunity, complementing its existing battery metals portfolio in Norway.
More about Impact Minerals Limited
Kuniko Limited is a company 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 targeting critical and strategic minerals essential for energy transition and security, ensuring ethical sourcing practices.
YTD Price Performance: -9.09%
Average Trading Volume: 2,022,742
Technical Sentiment Signal: Sell
Current Market Cap: A$28.46M
For detailed information about IPT stock, go to TipRanks’ Stock Analysis page.