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Cobalt drilling almost half completed, assays pending


Published 25-MAY-2022 14:45 P.M.


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This morning our battery metals exploration Investment Kuniko (ASX: KNI) put out an update on its drilling program across three of its highest priority cobalt targets in Norway.

The drilling was initially planned for ~2,800m across 7 different diamond drillholes. As of today, KNI has completed ~1,007 metres of drilling mostly at the first “Døvikkollen B” target with the first drillhole started at the second “Damtjern'' target started on the 20th of May.

KNI expects drilling at the highest priority target “Middaghsvile” to start at the beginning of June. This is the target where previous drillers Berkut Minerals missed the giant geophysical anomaly and is the closest to the historic mine shafts.

To read more about these three targets and our deep dive into this drilling program check out our last note on KNI here: KNI is Now Drilling for Cobalt in the EU - Three EM Targets to Aim For

With drilling ongoing, KNI has also confirmed that the turnaround times for results will be ~90 days from drilling being completed.

Results are being submitted to the assay labs on a weekly basis so we should start to see the first batch of assay results within the next 60-90 days given some of the drilling has already been completed.

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