Kuniko Limited has completed 724 metres of Phase 2 diamond drilling across two holes at the Silica Hill prospect, extending the high-grade mineralised system by approximately 100 metres at its Commonwealth Project in New South Wales.

The Lachlan Fold Belt project, situated about 100 kilometres north of Orange, is being advanced under an earn-in and joint venture agreement through which Kuniko Limited secured the right to earn up to a 70% interest from Impact Minerals Ltd.

The latest campaign follows a Phase 1 program that comprised six diamond holes spanning 1,239 metres. The two new holes, CMKNI007 and CMKNI008, were drilled approximately 60 metres down-dip and 40 metres up-dip of previous intercept CMKNI004, respectively. Both holes successfully intersected target zones of alteration, disseminated sulphides, and sulphide-bearing stringer and stockwork veining outside the existing mineralised block model.

“The first two holes of our Phase 2 drilling program have delivered an encouraging start at Silica Hill, with both holes intersecting the targeted zones of alteration, disseminated sulphides and stringer-vein mineralisation.” — Maja McGuire, MD

“Importantly, drilling has now demonstrated approximately 100m of continuity across CMKNI007, CMKNI004 and CMKNI008, with all three holes located outside the existing mineralised block model. This provides a compelling opportunity to expand the known Silica Hill mineralised footprint.” — Maja McGuire, MD

Hole CMKNI007 will be PVC-cased to allow future downhole electromagnetic surveying to test for conductive sulphide mineralisation surrounding the wellbore.

Assay results for both completed holes are expected in September 2026. Kuniko plans to incorporate the new data into an updated Project Mineral Resource Estimate following the conclusion of the drilling program and the receipt of all outstanding assays.

Read the full announcement: Phase 2 Commonwealth-Silica Hill Drilling Update