Kuniko Limited has completed a comprehensive integrated geophysical review of the Commonwealth Project in New South Wales, defining multiple new high-grade gold and silver drill targets across previously underexplored ground within one kilometre of the existing deposit area.

The review combined recent MobileMT airborne electromagnetic data with historical gravity, magnetic, and induced polarisation datasets into a single targeting framework. The work identified a prospective corridor extending approximately four kilometres across the project, supported by discrete gravity lows that are interpreted to represent concealed intrusive and hydrothermal centres.

At the Silica Hill prospect, the geophysical interpretation outlined a 500-metre south-east extension along the margin of a prominent gravity low. Known mineralisation in the area remains open, building upon earlier Phase 1 drilling that returned high-grade silver and gold intercepts such as 3.4 metres at 50 grams per tonne gold equivalent, including 0.5 metres grading 347 grams per tonne gold equivalent, 27 grams per tonne gold, and 20,603 grams per tonne silver from 227.5 metres.

In addition, the review highlighted a strong induced polarisation chargeability anomaly located 400 metres north-east of the historical Walls Mine along the Welcome Jack fault corridor. This anomaly coincides with a MobileMT conductivity feature and remains completely untested by drilling.

Land access is available for all newly defined targets, with permit approvals expected shortly. The exploration programs are being funded following a private placement completed in August 2026, which raised A$1.30 million. Kuniko holds the project under a two-stage earn-in and joint venture agreement through which the company can earn up to a 70% interest from Impact Minerals Ltd.

Managing Director Maja McGuire noted that the integration of recent and historical datasets has enhanced the understanding of the area's geological architecture.

“The completion of the integrated geophysical review marks an important milestone for the company. By combining recent Mobile MT work by us, and historic gravity, magnetic and IP datasets, we have significantly enhanced our understanding of the geological architecture of the broader area surrounding the existing Commonwealth-Silica Hill Project and generated a pipeline of compelling new exploration targets.”

Kuniko expects to deliver an upgraded Mineral Resource Estimate for the Commonwealth Project in December 2026.

Read the full announcement: Completion of Geophysical Review Defines New Drill Targets