Kuniko (ASX:KNI) announces high-grade copper-zinc assays at Vaga Project

Kuniko Limited (ASX:KNI) has reported promising initial assay results from a field mapping and sampling campaign at the Vaga Project in Trandelag, Norway. The campaign, conducted in August 2024, identified high-grade copper and zinc assays, with grades of up to 5.53% Cu and 8.59% Zn. The project consists of 33 exploration licence blocks across 321.6 square kilometres in the Vagamo Ophiolite sequence, forming part of the historically renowned Trondelag Volcanogenic Massive Sulphide (VMS) mining district. The company's exploration team has identified a previously unexplored greenfield hydrothermal system at Tesskrokan, demonstrating substantial size potential with identified outcropping ore-grade copper mineralisation. The fieldwork has also highlighted further exploration opportunities in brownfield areas historically mined for copper and zinc.

Executive Commentary on Vaga Project Assay Results

We are excited to announce that our exploration team has identified a previously unexplored greenfield hydrothermal system at Tesskrokan, with promising exploration potential. The system demonstrates substantial size potential with identified outcropping ore-grade copper mineralisation. Our fieldwork has highlighted further exploration opportunities in brownfield areas historically mined for copper and zinc. Samples from these historic mine workings with grades of 5.53% copper and 8.59% zinc confirm the highly prospective nature of Vaga district. - Antony Beckmand, CEO

Summary of Vaga Project Assay Results and Outlook

The Vaga Project in Trandelag, Norway has shown promising potential for high-grade copper and zinc, with grades of up to 5.53% Cu and 8.59% Zn. The project's geological setting is considered similar to that surrounding the globally significant Lokken deposit, and the company believes there is significant upside for identifying high-grade copper deposits across Vaga. The next steps for exploration work at Vaga will prioritize further work on the Tesskrokan target, including a magnetic and EM surveying program to define high confidence drill targets along the prospective horizon. Kuniko aims to use modern exploration techniques to define high confidence drill targets on this trend and in other prospective areas across the exploration licenses. With a focus on ethical sourcing and a 100% commitment to target a net ZERO CARBON footprint, Kuniko's projects aim to reduce Europe's reliance on external sources of battery metals by offering local and sustainable sources of nickel, cobalt, and copper. The company's activities align with the interests of conservation, protected areas, cultural heritage, and indigenous peoples, and it aims to embrace United Nations sustainable development goals. Kuniko's projects are well-aligned with the EU's green energy transition, and the company aims to rapidly advance the Vaga Project towards production, providing a reliable, sustainable, and low emission source of nickel, copper, and cobalt for the European market.