KNI: More promising Cobalt assays released at Skuterud

Our EU and North American critical minerals exploration Investment, Kuniko (ASX:KNI) released further promising assays from its Norwegian cobalt project today.

The results were:

Key bits of information from today’s announcement were that KNI is hitting both the shallower targets and the deeper targets with its drilling as it moves north and KNI has now extended the strike to 550m:

These results build on what has been a period of both exploration and corporate momentum for KNI.

Just seventeen days ago, the fourth largest carmaker in the world, the ~$85BN capped Stellantis acquired a 19.99% in KNI for ~$8M.

We expect the Stellantis funds to increase the pace of KNI’s exploration efforts.

What’s next for KNI?

Here’s what we are most looking for at the moment:

Fieldwork across Norwegian projects 🔄

KNI indicated today that it will be focussing on fieldwork to define new drill targets.

At a high level, the company will take all of the data from this year's drilling and then look to run geophysical surveys/rock chip sampling programs to define high priority drill targets.

We expect this work to start shortly

Rock chip sampling across Canadian lithium projects 🔄

We are conscious of the fires in Canada right now which have affected another one of our Investments exploration timelines so there is a risk KNI’s program gets delayed.

KNI did however confirm in a recent announcement that the fires wouldn’t impact its exploration timeline, see that announcement here.