Kuniko (ASX:KNI) confirms high-grade copper-nickel & district-scale potential

Kuniko Limited (ASX:KNI) has confirmed high-grade copper, nickel, and cobalt targets in its Ringerike Project. The field campaign identified significant exploration potential, with assays returning high-grade mineralisation samples from various locations. The company's CEO, Antony Beckmand, highlighted the strategic importance of these results, emphasizing the potential to meet the rising demand for copper, nickel, and cobalt, which are crucial for strengthening Europe's domestic supply chains. The project also shows similarities to Voisey's Bay, a premier nickel-copper-cobalt sulphide system, indicating promising developments for Kuniko.

Executive Commentary

Antony Beckmand, CEO of Kuniko, commented, 'These latest results underscore the significant exploration potential at Ringerike, with high-grade copper, nickel, and cobalt samples confirming the district-scale opportunity for Kuniko. Notably, the strong copper results at multiple locations reinforce Ringerike's potential to meet the rising demand for copper, alongside nickel and cobalt, which are strategic minerals for strengthening Europe's domestic supply chains. The results also show similarities to Voisey's Bay, one of the world's premier nickel-copper-cobalt sulphide systems. With continued exploration, we believe Ringerike has the potential to deliver mineralisation as good as Voisey's Bay, making it a highly promising development for Kuniko.'

Summary

Kuniko's field campaign at the Ringerike Project has revealed high-grade copper, nickel, and cobalt targets, supporting district-scale exploration potential. The company plans to advance the project by prioritizing target ranking, expanded sampling and mapping, geophysical surveys, and targeted drilling. The systematic approach aims to capitalize on the district-scale potential of the Ringerike Project. Additionally, Kuniko's commitment to ethical sourcing and a net zero carbon footprint aligns with its focus on sustainable and responsible mining practices. The company's projects in Norway aim to reduce Europe's heavy reliance on external sources by providing local and sustainable supplies of battery-quality metals, contributing to the growth of the European battery market.