Impact Minerals Limited (ASX:IPT) is pleased to announce that Kuniko Limited (ASX:KNI), following successful due diligence, has now formally entered into the Earn-In and Joint Venture Agreement over Impact’s Commonwealth Project in the prolific Lachlan copper gold-gold province of New South Wales (ASX Release September 4th 2025 and ASX Release KNI October 3rd 2025).
Impact Minerals’ Managing Director, Dr Mike Jones, said, “Kuniko have moved quickly to get up to speed with the Commonwealth project and are now preparing for their first stage of work to further refine some of Impact’s targets, as well as new ones already identified, ready for drilling. Given the recent record gold and silver prices, it is an ideal time to explore increasing the gold and silver resources at Commonwealth, considering it is the only project in Australia similar to the world-class Eskay Creek gold-silver mine in the renowned Golden Triangle of British Columbia. The joint venture is part of Impact’s strategy to monetise its non-core portfolio and follows the sale of the Blackridge project earlier this year. It frees up time and funds to continue focusing on the Lake Hope High Purity Alumina project, as well as further exploration at Broken Hill. We will, however, maintain significant upside at Commonwealth, which we believe has substantial potential, and we wish Kuniko the best of luck in their exploration.”
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About us:
About Impact Minerals
Driven by a commitment to excellence and a vision to harness Australia's mineral wealth, Impact Minerals Limited is establishing itself as a key player in the HPA industry. Through careful project selection, rigorous evaluation, and profitability focus, the company aims to create lasting value for shareholders while contributing to the sustainable growth of the mining sector.
Contact details:
Dr Michael Jones
Managing Director
Phone: +61 (8) 6454 6666
Email: [email protected]
Website: impactminerals.com.au