Kuniko Limited provided an overview of its CY22 exploration program, targeting substantial advancement and development of its portfolio of battery metals projects in Norway. Kuniko's projects are located across Norway, with approximately 790km2 of exploration licences for battery metals, clustered around four project regions. Its brownfield project portfolio includes copper, nickel, and cobalt, while in Q4'21 Kuniko strategically acquired exploration licenses over an under explored pegmatite field prospective for valuable technology metals. Kuniko aims to extend historical battery metals resources on project sites by applying modern exploration and processing methods, whilst employing a best practice ESG culture to target a net zero-carbon footprint. Since debuting on the ASX in late August 2021, Kuniko immediately commenced exploration activities. This included a significant airborne geophysics program to cover the Skuterud Cobalt Project area and the Copper Projects at Vangrøfta and Undal; while geochemical soil sampling campains were completed in Q3'21 at Skuterud and Vangrøfta. Advanced analytical work on the newly acquired data
set, combined with the historical geological data, has resulted in the identification of three prospects
for drilling at the Skuterud Cobalt Project, with a maiden drill campain planned for Q2'22 following
permitting. Assay results from the soil sampling of the Vangrøfta Copper Project are undergoing
interpretation and analysis for inclusion in a subsequent annnouncement.
In addition, Kuniko has prepared exploration plans for execution across CY22 to advance the
development of its portfolio of projects. An overview of the planned exploration activities and
approximate timing of these are represented in Table 1. The advanced planning is aimed at ensuring
a productive year is achieved with efficient and effective progress across all projects, which is well
coordinated and controlled from the outset, to drive the successful collection of geological data. In
turn, with robust interpretation and evaluation, this will inform decisions on further activities, drilling
prospects and the priorisation of projects.