Kuniko adds more licenses to Norwegian battery metals portfolio
Today, our European battery metals Investment Kuniko (ASX:KNI) announced it had been granted 27 new exploration licenses across three of the company’s projects.
Given that KNI is targeting a maiden drilling program at the Undal-Nyberget Copper Project towards the end of Q1 2023, we’re glad KNI has expanded its footprint in Norway, particularly in this area.
KNI was granted:
- 19 exploration licenses at the Undal-Nyberget Copper Project, increasing KNI’s land position by 545% to 178 square kilometres.
- 4 exploration licenses at Skuterud increasing the project area by 24 square kilometres to 76 square kilometres. - We note this project has already returned positive cobalt-copper assays.
- 4 exploration licenses at the Ringerike Battery Metals Project - extending the project area by 34 square kilometres to 395 square kilometres - this area is prospective for “nickel, copper, and cobalt as well as platinum group metals”
This is where Undal-Nyberget is located in Norway:
And the region where Undal-Nyberget sits is home to a number of historically mined deposits:
KNI is using modern exploration techniques and aeromagnetics, “appear to directly connect the licence geology to the Tverfjellet deposit.”
You can learn more about the Tverfjellet deposit here.
What’s next for KNI:
- Follow up exploration at its cobalt project (Skuterud) 🔄
- Exploration programs to be announced on other projects 🔄
To see our detailed notes on what’s next check out our recent KNI note here.
