Kuniko is advancing its high-grade Commonwealth-Silica Hill Gold-Silver Project in the Lachlan Fold Belt, where Phase 1 drilling has already confirmed strong grades and a new discovery that remains open in every direction. This placement gives investors a chance to back the project as Phase 2 drilling ramps up and the company works towards an updated resource later this year.
Kuniko Limited (ASX:KNI)
KNI
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.0200
per share
Offer Size
A$1,000,000
Offer Details
Issue Price (Per Share)
A$0.0200
Discount
23.08%
Offer Size
A$1,000,000
Shares Available
50,000,000
Placement tranche 1 of ~51,153,455 shares at an issue price of $0.02 to be settled under the company’s 7.1 and 7.1A capacity to raise a minimum $1.0M with the ability to accept oversubscriptions at the Company's discretion.
Discount
- 23% discount to the Last Closing Price of $0.026
- 20% discount to the 10 Day VWAP of $0.025
Options
The offer comes with a 1 for 2 free listed KNIOA options. Exercisable at $0.07, expiring May 2029.
Documents & Downloads
Company Overview
Kuniko Limited is an Australian mineral exploration company advancing the Commonwealth-Silica Hill Gold-Silver Project, located within the Lachlan Fold Belt around 100 kilometres north of Orange, New South Wales. The project covers a substantial 575km² tenement package and comprises two genetically related deposits, Commonwealth Main & South and Silica Hill, sitting less than 200 metres apart, with established access, permits and infrastructure already in place.
Investment Highlights
- Phase 1 drilling intersected mineralisation in every hole (six diamond holes for around 1,239m), with standout results including:
- 84m @ 2.6g/t AuEq from 226m at Silica Hill, including 0.5m @ 347g/t AuEq (20,603g/t Ag and 27g/t Au)
- 7.1m @ 9.7g/t AuEq at Commonwealth South
- 8m @ 8.6g/t AuEq at Commonwealth Main Shaft
- The Silica Hill discovery was made roughly 100 metres beyond the existing resource envelope and remains open up-dip, down-dip and along strike, a good early sign the deposit has room to grow.
- Phase 2 drilling is already underway, targeting extensions at all three deposits:
- Six holes for around 1,340m, commenced July 2026
- Assays due September 2026
- Updated JORC Mineral Resource Estimate targeted for the second half of 2026
- Historic workings at Welcome Jack, Walls and Stringers remain largely untested and support potential for an expanded high-grade footprint of up to 5km², backed by a 4km MobileMT conductive corridor throwing up further priority drill targets, with some early evidence pointing to a deeper porphyry copper-gold source.
- The project sits in good company, surrounded by established operations run by Newmont, Evolution, AngloGold and Gold Fields, with several of these larger players having moved into the district in recent years, a solid vote of confidence in the belt.
- A steady run of catalysts is lined up, with Phase 3 drilling and further district-scale targets expected to keep news flow coming through into early 2027.
Use of Funds
The funds raised are expected to be applied toward expanding Phase 2 drilling at the Commonwealth Project, targeting priority targets outside the existing Project, strategic opportunities, working capital and offer costs.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Kuniko Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Kuniko Limited.
