Kuniko Limited (ASX: $KNI) Quarterly Report - June 2024

Kuniko Limited (ASX: $KNI) presents its Quarterly Report for the period ending 30 June 2024. The company made significant progress during this quarter, particularly with the completion of the expansion drilling program at Ertelien and the promising initial assay results. The integration of the historic drill core logging program with these results highlights the potential for a substantial near-term resource update. Additionally, the discovery of new conductors at Ertelien from ground geophysical surveys underscores the potential for additional high-grade resources.

Antony Beckmand, CEO, on Progress and Future Prospects

We are pleased with the significant progress made this quarter, particularly the completion of our expansion drilling program at Ertelien and the promising initial assay results. The integration of the historic drill core logging program with these results highlights the potential for a substantial near-term resource update. Additionally, the discovery of new conductors at Ertelien from our ground geophysical surveys underscores the potential for additional high-grade resources. Ertelien provides us with a strong starting point, but Ringerike is a vast and prospective area with several other intrusions that have the potential to host copper, nickel, cobalt, gold, and platinum group elements. The similarities between Ertelien and Ringerike's mineralisation styles to Voisey's Bay enhance our confidence in the potential for significant resource growth in the district. Our focused fieldwork, already in progress, is poised to unlock further value and drive the next phase of our exploration strategy. We look forward to sharing the results from all our activities as soon as they become available.

Outlook and Corporate Strategy

Kuniko's recent Quarterly Report highlights the company's significant progress in the expansion drilling program at Ertelien, with promising assay results and the discovery of new conductors. The company's focus on ethical sourcing and commitment to a net zero carbon footprint, along with operations in Norway where 98% of electricity comes from renewable sources, underlines its dedication to sustainability. The report also outlines the company's ambitions to continue exploration and development at Ertelien and Ringerike, with the aim of creating long-term industrial value and fast-tracking the development of the Ertelien project toward production. Kuniko's efforts to engage with local governments, stakeholders, and communities demonstrate its commitment to transparent and sustainable practices. The company's exploration and development plans for the next quarter, including mineralogical studies, geological mapping, and targeted field campaigns, reflect its strategic approach to unlocking the region's resource potential. Kuniko's focus on sustainable practices and ethical mining aligns with the growing demand for ethically extracted and sustainable sources of battery metals, positioning the company for potential future success.