New Offset Mineralised Zone Discovered at Silica Hill

Impact Minerals Limited (ASX: IPT) has successfully completed Phase 1 diamond drilling at the Commonwealth Gold–Silver Project in New South Wales. All six drill holes intersected mineralisation, with a new discovery at Silica Hill showing significant sulphide mineralisation outside the previously modelled wireframe. Additional mineralisation was also found at Commonwealth South, highlighting the potential for resource expansion.

Assay results are pending and expected in early April, with plans already underway for a larger Phase II drilling program to target resource growth and follow up on newly identified mineralised zones. Kuniko's Managing Director, Dr. Mike Jones, noted the importance of these results for the project's development.

The Commonwealth Project, spanning five exploration licenses, is subject to a joint venture agreement with Impact Minerals. Historic exploration results confirm the project's potential, with ongoing work aimed at identifying extensions and further mineralisation. With the completion of Phase 1 drilling, Kuniko is well-positioned to advance exploration efforts and unlock the full potential of the project.

Investors are encouraged to stay tuned for upcoming results and updates as Kuniko progresses with the project. For any questions or further information, feel free to reach out to us.