Kuniko wraps NSW drilling ahead of resource update

The use of geophysics to define new targets and extensions has played a key role in the exploration success at Boda-Kaiser, putting Kuniko’s conductor-focused next move neatly in step with the regional exploration playbook. Selected holes from the recent program have been cased with PVC piping to allow for downhole electromagnetic (DHEM) surveying. The geophysical technique is a smart, low-cost way to chase extensions to known mineralisation by sending a probe down the drill hole to “listen” for conductive bodies in the surrounding rock that the drill bit may have missed.

The company says that in parallel with updating the current resource at Commonwealth-Silica Hill, it is working up additional regional targets across the project’s broader district-scale system, with priority hotspots lined up for future drilling.

While its current focus is on the gold-silver potential in NSW, Kuniko also holds a portfolio of battery and critical minerals projects in Norway. These include the Ertelien nickel-copper-cobalt project, which holds a 40-million-tonne resource running 0.25 per cent nickel equivalent, in addition to other cobalt and copper assets aimed at servicing the European energy transition.

With the rods now parked at Silica Hill, all eyes will likely be on the upcoming assay results in October. Following that, the DHEM survey results and the updated resource estimate will potentially provide the next key catalysts for Kuniko as it looks to make its mark in one of the country’s most productive and prospective mineral belts.

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