Kuniko (ASX: $KNI) commences drilling program at Ertelien Project

Kuniko Limited (ASX: $KNI) has commenced an 8-hole, ~4,000m diamond drilling program at the Ertelien Nickel-Copper-Cobalt Project in Norway. The Mineral Resource Estimate (MRE) for the project has revealed a significant resource base of 23.3 Mt of Inferred resources, containing 49.7 kt of nickel, 37.3 kt of copper, and 3.3 kt of cobalt. The drilling program aims to investigate extensions of known high-grade mineralisation and explore the continuation of high-grade mineralisation through ground electromagnetic geophysical surveys.

Executive Commentary on Ertelien Project

We are excited to have started this second phase of drilling, leveraging the recently completed MRE to uncover the further potential of the Ertelien project. Our aim is to demonstrate progress towards developing a Voisey Bay style resource as a potential new source of critical battery metals for European industries. This drilling campaign is firmly focused on expanding beyond the current resource envelope outlined in the MRE. We are confident we can advance the project rapidly and we plan to move towards early-stage feasibility by year-end. We are eager to report results and new insights gained as we continue to maximize the project's resource potential.

Summary of Ertelien Project's Drilling Program

Kuniko Limited's (ASX: $KNI) drilling program at the Ertelien Nickel-Copper-Cobalt Project aims to expand the known high-grade mineralisation and explore the potential for resource expansion along-strike and at depth. The company plans to update the 23Mt MRE based on the results from the drilling program later this year. The CEO, Antony Beckmand, expressed confidence in advancing the project rapidly and moving towards early-stage feasibility by year-end. Kuniko's commitment to ethical sourcing and achieving a net zero carbon footprint aligns with its focus on developing battery metals projects in Norway, where 98% of electricity comes from renewable sources.