What is the core reason for the new drilling campaign by Kuniko?

Kuniko (ASX:KNI) commenced its Phase 2 diamond drilling program to target extensions of high-grade mineralised zones discovered during earlier exploration work.

What is the financial layout of the project agreement for Kuniko?

Kuniko (ASX:KNI) can earn up to a 70% interest in the asset by funding A$3 million in exploration over a four-year period. This expenditure directly funds the ongoing exploration work at the Commonwealth-Silica Hill Project.

What are the specific drilling targets and program details for Kuniko?

Kuniko (ASX:KNI) planned an initial exploration program consisting of six diamond drill holes totalling approximately 1,340m. This work is designed to test the depth and scale potential of the hydrothermal system.

What is the pipeline timeline for the Kuniko assay results?

Kuniko (ASX:KNI) expects to receive the laboratory assay results from this drilling campaign in September. Following the initial announcement of the program, the Kuniko share price remained unchanged at $0.029.

What is the geographic location of the Kuniko exploration project?

The Commonwealth-Silica Hill Project operated by Kuniko (ASX:KNI) is located within the Lachlan Fold Belt mining province in New South Wales. The exploration site is situated approximately 100 kilometres north of Orange.

Image for illustrative purposes only. Not a real photo.

Kuniko starts Phase 2 drilling at Commonwealth-Silica Hill Project

Written by Heidi Cuthbert Published Jul 13, 2026, 6:13 AM

Kuniko commenced the Phase 2 diamond drilling program at the Commonwealth-Silica Hill Project in New South Wales.
Following the exploration update, the company's stock price held steady during market trading.
The drilling campaign targets extensions of high-grade mineralized zones discovered during earlier exploration work.

Kuniko (ASX:KNI) commenced its Phase 2 diamond drilling program at the Commonwealth-Silica Hill Project in New South Wales.

This campaign builds on a Phase 1 exploration program that intersected gold equivalent grades of 347 grams per tonne.

"These results point to a large, fertile, and vertically extensive hydrothermal system with significant scale potential," said Kuniko Managing Director Maja McGuire.

The explorer planned an initial program consisting of six diamond drill holes totaling approximately 1,340m.

Assay results are expected in September, and following the announcement the Kuniko share price was unchanged at $0.029.

Kuniko can earn up to a 70% interest in the asset by funding $3 million in exploration over four years.

The project area is located within the Lachlan Fold Belt mining province approximately 100km north of Orange.

Kuniko starts Phase 2 drilling at Commonwealth-Silica Hill Project

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