Kuniko (ASX: $KNI) announces 23Mt Mineral Resource Estimate for Ertelien

Kuniko Limited (ASX: $KNI) has completed an Inferred Mineral Resource Estimate for the Ertelien Nickel-Copper-Cobalt Project, demonstrating potential for substantial nickel, copper, and cobalt resources. The estimate provides a total resource 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 project, located in southern Norway, aims to contribute to Europe's independency by supplying critical raw materials for the green transition.

Antony Beckmand, CEO, comments on the Mineral Resource Estimate

We're excited to announce this important milestone for the Company. The completion of the Mineral Resource Estimate affirms the promising potential of the Ertelien Project with a sizable resource of nickel, copper, and cobalt. We are optimistic that Ertelien can form an important new source of critical raw materials for the green transition and contribute to Europe's independency. We will put full effort on development and will soon commence drilling, metallurgical testing and geophysical surveys at Ertelien. There is substantial unexplored terrain at Ertelien, and we believe that we can expand the current resource base substantially and maximise value.

Summary of Kuniko's Ertelien Mineral Resource Estimate

The completion of the Mineral Resource Estimate for the Ertelien Nickel-Copper-Cobalt Project marks a significant achievement for Kuniko Limited. The 23Mt resource underlines the promising potential of the Ertelien intrusion with substantial amounts of nickel, copper, and cobalt. The project, located in Norway, is well positioned to supply critical battery raw materials for the green transition. With plans for further drilling, geophysical surveys, and metallurgical testing, Kuniko aims to expand the current resource base substantially and maximize value. The company's commitment to maintaining a net zero carbon footprint and ethical sourcing aligns with the increasing demand for sustainable and ethically extracted battery metals in the European market. Kuniko's projects have the potential to reduce Europe's reliance on external sources of battery metals by offering local and sustainable sources of nickel, cobalt, and copper.