Kuniko Ltd Unveils Major Gold-Silver Discovery at Gladstone West

Strong Management Confidence in System-Scale Discovery

Managing Director Commentary

"These results highlight the strength and continuity of the gold–silver system at Gladstone West. Soil geochemistry has mapped a coherent mineralised footprint, and new rock-chip results of up to 5.5 g/t gold and 823 g/t silver, adding to previous historical rock chip results of up to 9.9 g/t Au and 4,550 g/t Ag, provide strong confirmation of the system's high-grade potential," said Maja McGuire, Managing Director.

McGuire highlighted the company's expanded drilling pipeline, noting the recent MobileMT programme has defined numerous high-priority targets along a 4km gold–silver corridor extending beyond the Commonwealth Mine.

Furthermore, this discovery positions Kuniko alongside other successful precious metals exploration companies operating within Australia's tier-1 geological provinces.

Geochemical Programme Reveals Coherent Mineralised System

The systematic soil geochemical programme involved 330 soil samples and 16 rock-chip samples across the Gladstone West Prospect. The survey was designed with 50-metre sample spacing on 100-metre line spacing, providing systematic coverage of the prospect area.

Key Geochemical Highlights:

• Gold anomalies: Two structurally controlled anomalies coinciding with east-west trends and north-northwest structures visible in magnetic data

• Silver footprint: Broad 500m x 300m continuous anomaly developed along the Bodangora Syncline

• Multi-element signature: Coherent Au-As-Ag-Pb patterns defining structurally controlled hydrothermal system

• Strategic positioning: Gold concentrations clustered at structural intersections, particularly near the Golden Note prospect

The integration of soil geochemistry with magnetic data clearly demonstrates structural control on mineralisation. Elevated gold values cluster at or near intersections of interpreted structural corridors.

In addition, the 300m x 100m soil gold anomaly at the Golden Note prospect provides compelling evidence of a substantial mineralised system. This success demonstrates the effectiveness of systematic exploration techniques in identifying high-value targets.

Understanding VMS-Epithermal Systems: The Commonwealth Advantage

Volcanogenic Massive Sulphide (VMS) systems represent some of the world's most valuable mineral deposits, particularly when combined with epithermal overprinting. These hybrid systems can produce exceptionally high-grade precious metal concentrations, as demonstrated by world-class deposits like Eskay Creek in Canada.

What are VMS-Epithermal Systems?

VMS deposits form from volcanic-hosted massive sulphide mineralisation, typically containing gold, silver, zinc, lead, and copper. When overprinted by later epithermal activity, these systems can concentrate precious metals into high-grade shoots.

Epithermal systems form when hot, mineral-rich fluids move through rock fractures near the surface. They deposit metals as they cool, creating high-grade gold deposits that attract significant investor interest.

Why VMS-Epithermal Systems Matter for Investors:

These hybrid systems offer significant advantages over single-type deposits. The combination creates multiple metal sources within a single project, providing commodity diversification. The epithermal overprinting often upgrades existing mineralisation, creating higher-grade zones that can substantially improve project economics.

However, the Commonwealth Project's geological characteristics mirror these globally recognised deposit types. This suggests significant upside potential for investors in Australian mining stocks focused on precious metals.

The Lachlan Fold Belt setting provides additional confidence. This tier-1 geological province hosts major operations including Cadia-Ridgeway, North Parkes, and Cowal, proving credentials for large-scale, economic mineral systems.

Systematic Drilling Programme Advancing on Multiple Fronts

Kuniko has commenced Phase 1 drilling at Commonwealth, with approximately 1,200 metres targeting extensions to known mineralisation. The programme focuses on Silica Hill, Commonwealth Main, and Commonwealth South prospects.

This systematic approach allows the company to advance near-term resource growth whilst simultaneously unlocking district-scale exploration upside. Consequently, investors can expect consistent news flow throughout the drilling campaign.

Current Drilling Targets:

The drilling strategy balances immediate resource growth opportunities with longer-term district-scale discovery potential. This provides multiple pathways to value creation for shareholders.

For instance, the approach mirrors successful strategies employed by other junior mining companies operating in Australia's established mining regions.

Future Work Programme Positions for Accelerated Discovery

Kuniko has outlined a comprehensive work programme designed to rapidly advance multiple targets across the district-scale system.

Immediate Priorities:

1. Field mapping and targeted rock-chip sampling to validate interpreted structures and priority soil anomalies
2. Gradient Array Induced Polarisation (GAIP) surveys across Geenooby and Gladstone West to test for sulphide development
3. Drill targeting at both Gladstone West and Geenooby prospects
4. Continued target prioritisation from recent MobileMT programme results

Strategic Timeline:

• Q1 2026: Complete Phase 1 drilling at Commonwealth
• Q2 2026: Commence drilling at Gladstone West and Geenooby
• Q3 2026: Systematic testing of 4km gold-silver corridor targets
• Ongoing: Results released as available

This systematic approach ensures continuous news flow whilst building a comprehensive understanding of the district-scale mineralised system. Furthermore, the timeline aligns with optimal exploration funding cycles in the Australian market.

Why Should Investors Follow Kuniko's Progress?

Kuniko has positioned itself as a diversified mineral exploration company with significant leverage to both the energy transition and precious metals markets. The Commonwealth Gold-Silver Project provides immediate exposure to a proven mineral system in a tier-1 geological province.

Meanwhile, the company's Nordic battery metals portfolio offers exposure to critical minerals demand driven by global decarbonisation trends.

Key Investment Strengths:

Diversified Portfolio: Gold-silver in Australia plus copper-nickel-cobalt projects in Norway provide exposure to multiple commodity cycles

Proven Management: Systematic approach to exploration with strong technical competence demonstrated across multiple jurisdictions

Strategic Locations: Projects located in mining-friendly jurisdictions with excellent infrastructure and regulatory frameworks

Resource Base: Existing JORC resources at Ertelien (Norway) provide asset base whilst exploration programmes target significant upside

However, investors should consider the inherent risks associated with junior exploration companies when evaluating potential investments.

Upcoming Catalysts:

Investment Thesis: District-Scale Discovery in Tier-1 Province

The systematic soil geochemical programme at Gladstone West represents a significant step forward in defining the district-scale potential of Kuniko's Commonwealth Project. The coherent, multi-element signatures combined with exceptional historical rock-chip grades provide compelling evidence of a substantial gold-silver hydrothermal system.

This system extends well beyond currently defined resources, suggesting significant exploration upside. The integration of multiple exploration techniques demonstrates management's methodical approach to value creation across the 4km mineralised corridor.

Consequently, this systematic methodology positions Kuniko to deliver consistent news flow. It also builds investor confidence in the company's technical capabilities and strategic vision.

With drilling underway at Commonwealth and multiple walk-up targets defined at Gladstone West and Geenooby, Kuniko offers investors exposure to both opportunities. These include near-term resource growth and longer-term discovery potential.

The company's position within the prolific Lachlan Fold Belt provides additional confidence. This is given the province's proven track record of hosting world-class mineral deposits and supporting successful mining investment strategies.

Key Investment Consideration:

The Kuniko Ltd gold-silver discovery at Gladstone West has successfully outlined a district-scale gold-silver system at Commonwealth. Systematic exploration programmes have defined multiple drill targets across a 4km mineralised corridor. The combination of proven resources, systematic exploration approach, and tier-1 geological setting positions KNI as a compelling precious metals exploration story with significant upside potential. Investors should monitor upcoming drill results as the company advances multiple high-priority targets throughout 2026.

Could Kuniko Be Your Next Precious Metals Investment Opportunity?

With systematic exploration programmes underway across a 4km gold-silver corridor and multiple walk-up drill targets defined at Gladstone West, Kuniko presents a compelling investment proposition for those seeking exposure to precious metals exploration in Australia's proven Lachlan Fold Belt. The company's methodical approach to unlocking district-scale potential, combined with existing JORC resources and a diversified portfolio spanning both Australian precious metals and Nordic battery metals projects, positions KNI for multiple value creation pathways throughout 2026.

To explore Kuniko's full investment potential and stay updated on drilling results from the Commonwealth Project's expanding target pipeline, visit the company's official website for comprehensive project details, management presentations, and the latest ASX announcements.