KNI starts drilling, looking for nickel and copper in EU
Today, our EU critical minerals Investment Kuniko (ASX: KNI) announced it has begun an 8-hole expansion diamond drilling program, covering approximately 4,000m.
On Monday, KNI announced its maiden resource estimate - KNI now has inferred resources of 49.7 kt of nickel, 37.3 kt of copper and 3.3 kt of cobalt.
The goal now is to expand that resource - at a time where nickel is a major pain point for the EU.
KNI is working with a large plot of land in Norway, which is 360 square km:
This is where KNI’s new drill holes will be going in at the project
Which likes this below surface:
We see KNI as taking some appropriate risks with some of these holes - which we hope significantly increase the resource and give the company a nice leg up as it pursues early stage feasibility studies at the end of the year.
What’s next for KNI?
- 🔃 Geophysical surveys across its nickel-copper project (results in Q2 2024)
- 🔃 New drilling in (starting in Q2 2024) - STARTED TODAY
- 🔲 Metwork
- 🔲 Upgrade nickel-copper resource (expected by Q4-2024)
- 🔲 Early stage feasibility studies (start end of 2024)
Read also:
EU nickel solution in Norway? KNI releases Maiden Resource Estimate - more drilling this month
