Kuniko Limited (ASX: KNI) has announced that an independent expert assessment of the Ertelien Nickel Project and Ringerike license area, within Kuniko’s Norwegian exploration portfolio, has been completed by mining advisors, SLR Consulting, UK.
SLR’s evaluation supports the significant potential of high-grade nickel-copper-cobalt mineralization at Ertelien, confirmed by Kuniko’s 2023 drilling and exploration results which yielded a significant intercept of 28.1m, grading 1.34% Ni, 1.19% Cu, and 0.07% Co. The company believes that this endorsement solidifies Ertelien as Kuniko’s primary focus for further advancement.
CEO, Antony Beckmand, commented, “Confirmation of Ertelien Nickel Project’s potential and endorsement of the broader opportunities in the Ringerike region marks a significant milestone. With a maiden mineral resource estimate underway, leveraging robust data, our focus is firmly on exploring untapped extensions at Ertelien with a drill programme in early 2024. This targeted approach sets the stage for unlocking substantial value, aligning with our clear priorities for the future.”
Moreover, a resource delineation process has commenced with the goal of a JORC compliant maiden mineral resource estimate being completed in December this year, and collaborative efforts between Kuniko’s geologists and SLR are actively leveraging historical data and recent exploration outcomes to develop a robust geological model vital for the MRE.
Kuniko plans to undertake a second phase drilling programme in Q1 2024 to explore the depth extensions of known mineralization at Ertelien, a strategic move based on SLR’s confirmation that the mineralization is open-ended.
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