Announcement PDF ASX Code: IPT 11 September, 2026 CORPORATE RELEASE Drilling Continues to Extend the Silica Hill Sulphide System at Commonwealth, New South Wales Partner-funded drilling continues to extend the Silica Hill gold and silver system beyond previously mapped mineralisation, with assay results due within weeks and an updated resource estimate targeted for December 2026 Summary • Impact’s partner Kuniko Limited (ASX: KNI) is funding the drilling which continues to grow the Silica Hill gold and silver system. New holes have now tracked the mineralised zone across roughly 100 vertical metres around last campaign’s high-grade hit, in ground that sits outside the area covered by the current resource model. The rock contains mineralisation, but laboratory assays are still needed to confirm the gold and silver grades. • The latest holes have intersected wide zones of sulphide (the metal-bearing mineral that carries the gold and silver), including a roughly 70-metre zone in one hole (CMKNI010) and individual veins up to about 50 centimetres thick in another (CMKNI011). These are visual observations only, with assays still pending. • The current (Phase 2) program has now drilled 1,324 metres across five holes, four completed and one still underway. It is testing two separate ore zones, or “lodes”, the South and North Lodes, at Silica Hill into deeper ground that has had little previous drilling. • This work builds on standout results from the first (Phase 1) campaign, including a narrow but exceptionally high-grade vein of 0.5 metres at 27 g/t gold and 20,603 g/t silver at Silica Hill, plus gold, silver and base- metal hits at Commonwealth Main Shaft and Commonwealth South. • Grade results (assays) for the current drilling are expected within the next four to six weeks, and will feed into an updated Mineral Resource estimate for the project, targeted for December 2026. • Kuniko is paying for this work. Impact keeps a 49% share of the project after Kuniko earned its first 51% by funding exploration. Kuniko can lift its stake to 70% by spending a further A$1.5 million, after which Impact’s remaining 30% is “free-carried”, meaning Impact pays nothing more towards exploration through to the point a decision is made on whether to build a mine. What this means for Impact shareholders: the Silica Hill system is shaping up to be larger than earlier drilling had defined, and it is being advanced at Kuniko’s expense rather than Impact’s. Impact keeps a meaningful stake in any success while it directs its own cash to its high-purity alumina strategy. The near-term signals to watch are the grade results due within four to six weeks and the updated resource estimate targeted for December 2026. Until those assays arrive, the newest intersections remain visual observations rather than confirmed gold and silver grades. I ASX:IPT | ABN 52 119 062 261 2 Impact Minerals Limited (ASX: IPT) is pleased to provide an update on exploration at the Commonwealth– Silica Hill Gold–Silver Project in New South Wales, where partner Kuniko Limited (ASX: KNI) is conducting its Phase 2 drill program. The program continues to intersect sulphide-bearing zones beyond previously modelled mineralisation. Kuniko’s drilling updates dated 14 August and 10 September 2026 (attached to this report) describe further extensions of the interpreted Silica Hill mineralised system and an emerging geological model comprising distinct Northern and Southern Lodes. The results provide additional drilling targets ahead of a planned Mineral Resource update. No new laboratory assay results are reported in this announcement. Impact Minerals’ Managing Director, Dr Mike Jones, said, "Kuniko's drilling continues to extend the Silica Hill gold and silver system, with the latest holes intersecting sulphide zones well beyond our previous model. This indicates there is much more of the system still to define. Earlier assays showed it can carry very high grades of gold and silver, so the priority now is to confirm the grades and continuity of these new zones, which remain visual observations until the laboratory results are in. The emerging two-lode model provides a clear framework for the next round of drilling and the planned resource update, and it is good to see Kuniko testing both the known extensions and the broader potential. Just as importantly, this partnership allows Commonwealth to advance at Kuniko's cost while Impact retains a substantial interest in any success and keeps its own resources focused on our high-purity alumina strategy." Phase 2 drilling extends the Silica Hill system The first two holes of the Phase 2 program, CMKNI007 and CMKNI008, tested approximately 60 metres down- dip and 40 metres up-dip, respectively, of the mineralisation intersected in Phase 1 hole CMKNI004 (ASX Release KNI 14 August 2026). Both holes intersected alteration, disseminated sulphides and sulphide-bearing stringer and stockwork veins. Together with CMKNI004, these intersections support approximately 100 metres of vertical geological continuity outside the existing mineralised block model. The mineralised system remains open up-dip, down- dip and laterally. This continuity relates to the observed geological and sulphide-bearing zones; continuity of gold and silver grades has not yet been established and is contingent on laboratory assays. Subsequent drilling has continued to test the geometry and extent of the Silica Hill system: Drill hole Summary of reported Phase 2 observations CMKNI009 Multiple intervals of disseminated and stringer sulphides within altered rhyolite, including zones with increased sphalerite and galena veining. CMKNI010 An approximately 70-metre downhole zone, as described by Kuniko, of disseminated sulphides and sulphide-bearing veining within altered rhyolite. CMKNI011 Multiple sulphide veins, including individual veins up to approximately 50 centimetres thick. The hole remained underway at the reporting date and is designed to test the interpreted Northern Lode at depth (Figure 1). Source: Kuniko ASX announcement dated 10 September 2026. All observations in this table are visual, and laboratory assays are pending. [2] The drilling is supporting an interpretation of two distinct mineralised lodes, North and South, with further work directed towards their depth and lateral extensions (Figure 2). Kuniko has refined the current drilling program to prioritise Silica Hill as its principal near-term resource-growth opportunity. Caution regarding visual observations: Visual estimates of sulphide abundance do not establish gold, silver or base-metal grades and must not be treated as a substitute for laboratory analyses. They may also provide no information about impurities or other characteristics relevant to economic assessment. Reported Phase 2 intervals are downhole lengths; true widths are not yet known. ASX:IPT | ABN 52 119 062 261 3 Figure 1. Diamond drill core from CMKNI011 showing 20–50 cm thick sulphide veins hosted within silica-sericite altered rhyolite, intersected within the interpreted Southern Lode at Silica Hill. The hole is still underway. Figure 2: 3D section view through the Commonwealth–Silica Hill mineralised system showing Phase 2 diamond drilling (white traces) relative to historical drilling and downhole gold assays. The interpreted Northern and Southern Lodes are shown in purple, with Phase 2 drilling systematically testing extensions to the Silica Hill mineralised system. ASX:IPT | ABN 52 119 062 261 4 Previously reported Phase 1 results The Phase 2 program follows Kuniko’s initial six-hole, 1,239-metre diamond drilling campaign across Commonwealth Main Shaft, Commonwealth South and Silica Hill completed earlier in 2025. Selected previously reported assay results are summarised below. [5] Prospect / drill hole Selected previously reported intersection Silica Hill – CMKNI004 0.5 m at 27 g/t gold, 20,603 g/t silver, 3.3% zinc and 1.5% lead, from 230.4 m, within a narrow massive sulphide vein. Silica Hill – CMKNI003 50 m at 1.0 g/t gold, 59 g/t silver, 0.14% zinc and 0.10% lead, from 74 m. Commonwealth Main Shaft – CMKNI001 8.0 m at 3.3 g/t gold, 186 g/t silver, 5.6% zinc, 2.2% lead and 0.12% copper, from 94.7 m. Commonwealth South – CMKNI006 7.1 m at 8.4 g/t gold, 42 g/t silver, 1.5% zinc and 0.7% lead, from 79.9 m. Sources: Kuniko announcements dated 5 May, 21 May and 14 August 2026. The 230.4-metre start depth for the narrow CMKNI004 vein is taken from the published sample table. Intersections are downhole lengths, not true widths. These are selected results rather than average grades for the deposits or surrounding mineralised systems. [3] The very high-grade CMKNI004 vein occurs within a broader zone of variably mineralised rock. Its grade should not be extrapolated across the surrounding sulphide-bearing zones or the new Phase 2 intersections. At Commonwealth South, the program also returned a lower-grade intersection of 16 metres at 0.6 g/t gold, 0.15% zinc and 804 ppm copper from 89 metres in CMKNI005, illustrating the variability within the broader system. Broader exploration potential The Commonwealth–Silica Hill Project is located approximately 100 km north of Orange, NSW, within the Lachlan Fold Belt, a Tier-1 mining region hosting major operations including Cadia–Ridgeway (Newmont), Northparkes and Cowal (Evolution Mining). The Project lies immediately along trend from Alkane’s Boda– Kaiser porphyry copper–gold deposit, which contains over 10 million ounces of gold equivalent (Figure 3). Figure 3. Location of the Commonwealth & Silica Hill Project and major gold–copper deposits within the Lachlan Fold Belt. ASX:IPT | ABN 52 119 062 261 5 The Project comprises two genetically related deposits located within 200 metres of each other: • Commonwealth Main and Commonwealth South: a high-grade gold, silver and zinc system of the “VMS” type (volcanic-hosted massive sulphide, a well-understood class of deposit that often carries strong base-metal credits), including thick lenses of massive sulphide. • Silica Hill: a high-grade silver system of the “epithermal” type (formed by hot mineralising fluids close to surface), made up of a stockwork of veins rich in silver minerals along with broad zones of disseminated sulphide. Impact Minerals has previously reported JORC (2012) Inferred Mineral Resource Estimates at both Commonwealth and Silica Hill (refer: Impact Minerals ASX releases dated 2 September 2016, 1 February 2018 and 22 August 2019). The Project also has exploration upside with multiple untested targets including Silica Hill East, Geenobbys and Gladstone, where geophysical and geochemical anomalies remain untested by drilling. Impact Minerals has previously noted that the Commonwealth mineral system shares geological characteristics with several globally recognised VMS–epithermal deposits, such as Eskay Creek in Canada, where precious metals are closely associated with volcanic-hosted sulphide mineralisation. These analogies provide valuable context for the ongoing exploration approach as Kuniko continues to develop its geological model specific to the Lachlan Fold Belt setting. Kuniko’s integrated geophysical interpretation has identified an association between known Silica Hill mineralisation and the margin of a prominent gravity low. This geophysical feature extends for more than 500 metres to the south-east, with similar features identified elsewhere in the project area. These are exploration targets requiring further assessment and drilling, rather than demonstrated extensions of mineralisation. The work complements earlier MobileMT surveying, which identified an approximately four-kilometre conductive corridor, and regional targeting around prospects including Welcome Jack, Walls, Stringers, Geenobbys and Gladstone. Joint-venture position and significance for Impact As announced on 11 August 2026, Kuniko earned its initial 51% interest in the Commonwealth Project by completing A$1.5 million of exploration expenditure, approximately 12 months ahead of the contractual deadline. Impact retains the remaining 49%. Kuniko may earn a further 19%, taking its interest to 70%, by spending an additional A$1.5 million on exploration within a further two years. Upon completion of that stage, Impact’s remaining 30% interest will be free-carried through to a Decision to Mine. Thereafter, Impact may elect to contribute to future expenditure or dilute in accordance with the agreement. This structure preserves Impact’s exposure to exploration and potential development success at Commonwealth while allowing it to direct its own resources towards its high purity alumina strategy. Next steps Kuniko is continuing drilling to test the depth and lateral extent of the Northern and Southern Lodes at Silica Hill, alongside regional target assessment. In its 10 September 2026 update, Kuniko indicated that Phase 2 assays were expected over the following four to six weeks. After completing drilling and receiving outstanding assays, Kuniko intends to incorporate the Phase 1 and Phase 2 results into an updated Project Mineral Resource Estimate, targeted for December 2026. No updated Mineral Resource Estimate is reported in this announcement, and any change to the resource remains subject to the results of that work. ASX:IPT | ABN 52 119 062 261 6 Competent Person Statement The information in this announcement that relates to Exploration Results is based on information compiled or reviewed by James Cumming, a Competent Person who is a Member of the Australian Institute of Geoscientists and a consultant geologist to Kuniko Limited. Mr Cumming was previously employed by Impact Minerals and has reviewed the original datasets, sampling procedures, analytical methods and QA/QC records for historical results originally reported by Impact Minerals Limited between 2016 and 2023. Mr Cumming consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Forward Looking Statements Certain statements in this announcement are forward-looking in nature and involve known and unknown risks and uncertainties. Actual results, performance or achievements of Impact Minerals may differ materially from those expressed or implied in such statements. Impact Minerals makes no representation as to the likelihood that the results or milestones referred to in this announcement will be achieved. This announcement has been authorised by the Board of Directors of Impact Minerals Limited. DrMichaelGJones Managing Director ASX Release 10.09.2026 - 1 – Phase 2 Drilling Continues to Expand Mineralised System at Silica Hill with MRE Upgrade in Q4 2026 Highlights: ▪ Phase 2 drilling advances to 1,324m: Three further diamond holes have been completed/advanced since the previous drilling update, with drilling continuing to test and expand the Silica Hill mineralised system. ▪ Silica Hill system continues to expand: Phase 2 drilling has extended the interpreted mineralised system by approximately 100m beyond the existing mineralised footprint, building on the continuity demonstrated in CMKNI004, CMKNI007 and CMKNI008. ▪ Broad sulphide mineralisation intersected in CMKNI010: Drilling intersected an approximately 70m downhole zone of disseminated sulphides and sulphide-bearing veining, providing further evidence of the scale of the Silica Hill mineralised system. ▪ Thick sulphide veining intersected in CMKNI011: The current hole has intersected multiple visually prominent sulphide veins, including individual veins up to approximately 50cm thick, within the first part of the targeted mineralised system. ▪ Northern Lode targeted at depth: CMKNI011 represents a significant depth step-out targeting the interpreted Northern Lode beneath historical drilling, with drilling ongoing. ▪ Two-lode architecture emerging at Silica Hill: Phase 2 drilling is supporting the interpretation of distinct Northern and Southern mineralised lodes, both of which remain targets for further extension drilling. ▪ Assays pending: Laboratory assays from the ongoing Phase 2 program are pending with an upgraded Project MRE targeted for Dec 2026. Figure 1: Diamond drill core from CMKNI011 showing 20–50 cm thick sulphide veins hosted within silica-sericite altered rhyolite, intersected within the interpreted Southern Lode at Silica Hill. The holeis still underway. Cautionary Note – Visual Estimates of Mineralisation: ‘Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations orgrades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. - 2 – Kuniko Limited (ASX: KNI) (“Kuniko” or the “Company”) is pleased to provide a further update on its Phase 2 diamond drilling program at the Silica Hill prospect, part of the Commonwealth Project in the Lachlan Fold Belt, New South Wales. Phase 2 drilling has now advanced to 1,324 metres (5 holes), with drilling continuing to expand the mineralised footprint at Silica Hill. Recent drilling has intersected broad zones of disseminated sulphides and sulphide-bearing veining within the interpreted Southern Lode, while drilling has now progressed to test the Northern Lode at depth, where historical drilling remains limited. Maja McGuire, Managing Director, commented: “Phase 2 drilling continues to build our confidence in the scale and continuity of the Silica Hill mineralised system. With 1,324 metres now drilled, we have systematically stepped out from the known mineralisation and are seeing encouraging sulphide development across a significantly expanded footprint. CMKNI010 intersected a particularly broad zone of disseminated sulphides and sulphide-bearing veining over approximately 70 metres downhole, while subsequent drilling has encountered further strong sulphide veining, including individual veins up to approximately 50 centimetres thick. Importantly, our drilling is now progressing beyond the Southern Lode to test the Northern Lode at depth, where there has been very limited historical drilling. This gives us another compelling opportunity to expand the Silica Hill system as we continue Phase 2 drilling. With assays pending from these holes, we are looking forward to understanding the grade and tenor of these new intersections and incorporating the results into our evolving geological model and planned resource upgrade.” Figure 2: 3D section view through the Commonwealth–Silica Hill mineralised system showing Phase 2 diamond drilling (white traces) relative to historical drilling and downhole gold assays. The interpreted Northern and Southern Lodes are shown in purple, with Phase 2 drilling systematically testing extensions to the Silica Hill mineralised system. - 3 – Drilling Update Phase 2 drilling atSilicaHill has been predominantlyfocused on systematicallydefining and expanding the Southern Lode, following the exceptional high-grade mineralisation intersected in Phase 1 hole CMKNI004 which returned 3.4m @ 4.1 g/t Au, 2,947 g/t Ag, 0.3% Pb and 0.6% Zn from 227.5m, including a 0.5m massive sulphide vein returning 20,603 g/t Ag, 27 g/t Au, 1.5% Pband 3.3% Zn. This intersection provided the basis forsystematic up-dip and down-dip step-out drilling during Phase 2, initially through CMKNI007 and CMKNI008 and subsequently through additional holes designed to further define the geometry, continuity and depth extent of the Southern Lode. Phase 2 diamond drilling at Silica Hill continues to systematically test and expand the mineralised system, with drilling now focused on defining the geometry and depth extent of two interpreted mineralised lodes. The plan view in Figure 2 shows the Phase 2 drill traces relative to the interpreted Northern and Southern Lodes, overlain on the processed gravity image. The gravity data are becoming an increasingly important component of Kuniko’s exploration model, with known mineralisation at Silica Hill occurring along the margin of a prominent gravity low. The recently completed integrated geophysical review highlighted that this gravity feature continues formore than 500 metres to the south-east and identified a series of similar gravity lows across the broader project area, supporting the potential for the known mineralised system to form part of a much larger district-scale mineral system. This relationshipprovides an importantexploration vectorbeyond the known deposits,with the integrated geophysical interpretation indicating potential for a broader district-scale mineral system extending beyond the current Commonwealth–Silica Hill mineralised footprint (KNI ASX Announcement dated 21.08.26). Drilling is now testing the interpreted Northern Lode at depth, with CMKNI011 intersecting zones of strong sulphide development within silica-sericite altered rhyolite. Visually prominent massive sulphide veins up to approximately 50 cm thick have been observed in the upper part of the targeted system (Figure 3), providing further encouragement for the continuity of sulphide mineralisation at depth. These observations are visual in nature and laboratory assays are required to determine the grade and tenor of the mineralisation. Figure 3: Plan view of the Silica Hill prospect showing Phase 2 diamond drilling (white traces) and historical drilling over processed gravity imagery. The interpreted Northern and Southern Lodes are shown in purple, highlighting the relationship between known mineralisation and the margin of the prominent gravity low. Phase 2 drilling issystematically testing the lateral and depth extent of the Silica Hill mineralised system. - 4 – Next Steps • Phase 2 drilling will continue at Silica Hill, with the program now focused on systematically expanding the known mineralised footprint and testing the depth and lateral continuity of the interpreted Northern and Southern Lodes. • The Phase 2 drilling strategy has been refined to prioritise Silica Hill, where drilling to date has provided the strongest opportunity for near-term resource growth. Further drilling will target extensions to the mineralised system beyond the existing resource footprint. • Assay results from the current Phase 2 drilling are expected over the next 4–6 weeks and will provide important information on the grade and continuity of the newly intersected sulphide zones. • Regional targeting will continue in parallel, building on the recently completed integrated geophysical review and targeting additional mineralised systems within the broader Commonwealth–Silica Hill Project area. • Following completion of drilling and receipt of outstanding assays, Kuniko plans to complete an upgraded Mineral Resource Estimate, incorporating results from the Phase 1 and Phase 2 drilling programs. Appendix *Sulphide tenor py=pyrite; sp=sphalerite; ga=galena; cpy=chalcopyrite; asp=arsenopyrite; pro=proustite Table 1: Preliminary visual estimatesand geological observationsof sulphide-bearingzonesintersected inPhase2diamond drilling. Sulphide percentages and mineral proportions are visual estimates only and are nota substitute for laboratory assay results. Hole ID From (m) To(m) Est. Total Sulphide % Sulphide Tenor Preliminary Observations CMKNI009 27 55 1–2 asp > py± sp/ga Disseminated and stringer sulphides within altered rhyolite porphyry CMKNI009 70 100 1–2 py/sp > asp ± ga Broad zone of disseminated and stringer sulphides with local sphalerite-galena stringer veining CMKNI009 143 160 2–3 asp > py> sp/ga Increased disseminated and stringer sulphides with lesser sphalerite-galena veining CMKNI009 165 180 1–2 asp > py± sp/ga Disseminated sulphides and locallydeveloped sulphide-bearing stringers CMKNI009 182 190 3–5 sp > ga > asp/py Strong sulphide-bearing vein and stringer zone with increased sphalerite and galena CMKNI009 200 220 1–2 asp > py± sp/ga Disseminated and stringer sulphides continuing within altered rhyolite CMKNI010 106 121 5–10 asp > py± pro Strong arsenopyrite-rich sulphide zone with locallydeveloped polymetallic sulphide veining CMKNI010 121 160 3–5 asp > py> pro Broad disseminated and stringer-stockwork sulphide zone within altered rhyolite CMKNI010 160 185 2–4 asp > py± pro Continued disseminated and vein-hosted sulphides with local increases in sulphide abundance CMKNI011 76 84 ~30 asp > py> pro Strong sulphide-rich zone comprising abundantarsenopyrite- pyrite with subordinate pyrrhotite within silica-sericite altered rhyolite CMKNI011 92 101 3–5 sp > ga > asp/py Disseminated and vein-hosted sulphides with increased sphalerite-galena veining CMKNI011 109 116 3–5 sp > ga > py/pro Strong sulphide-bearing vein and stringer zone with sphalerite- galena-rich veining - 5 – Table 2: Drill collar details for Phase 2 diamond holes CMKNI007–CMKNI011 reported in this announcement. CMKNI011 was in progress at the time of reporting. Hole ID Grid ID Easting Northing Elevation Dip Azimuth Depth(m) Comment CMKNI007 MGA94_55 692344 6393011 390.48 -60 308 370 CMKNI008 MGA94_55 692345 6393012 390.48 -80 308 354 CMKNI009 MGA94_55 692423 6392990 389.9 -70 223 220 CMKNI010 MGA94_55 692424 6392990 389.9 -65 270 250 CMKNI011 MGA94_55 692297 6392959 376 -60 30 130 Hole in progress - 6 – Commonwealth Gold–Silver Project Overview The Commonwealth Projectlies ~100km north of Orange,NSW,within the prolific Lachlan Fold Belt — a Tier-1 region hosting major operations such as Cadia–Ridgeway (owned by Newmont), Northparkes and Cowal (both owned by Evolution Mining). The Commonwealth Project lies immediately along trend from Alkane's Boda-Kaiser porphyry copper-gold deposit, containing over 10 million ounces of gold equivalent (Refer: Figure 5). The Project comprises two genetically related deposits located within 200 metres of each other: • Commonwealth Main andCommonwealth South deposit: apolymetallicVMS-style system characterised by high-grade gold, silver and zinc mineralisation, including massive sulphide lenses with strong base metal credits; and • Silica Hill deposit: an epithermal stockwork vein system hosting high-grade silver mineralisation, with abundant silver sulphosalts and broad zones of disseminated and stringer sulphides. The Project also has exploration upside with multiple untested targets including Silica Hill East, Geenobbys and Gladstone, where geophysical and geochemical anomalies remain untested by drilling. Impact Minerals has previously noted that the Commonwealth mineral system shares geological characteristics with several globally recognised VMS–epithermal deposits, such as Eskay Creek in Canada, where precious metals are closely associated with volcanic-hosted sulphide mineralisation1 . These analogies provide valuable context for Kuniko’s exploration approach while the Company continues to develop its own geological model specific to the Lachlan Fold Belt setting. Impact Minerals has previously reported JORC (2012) Inferred Mineral Resource Estimates at both Commonwealth and Silica Hill (Refer: Impact Minerals ASX releases dated 2 September 2016, 1 February 2018 and 22 August 2019). These estimates demonstrate the presence of significant gold and silver mineralisation within a broader system that remains open along strike and depth. Kuniko notes that it has not independently verified or adopted these estimates, and they should not be relied upon as Kuniko’s own. During Stage-1, Kuniko intends to undertake technical work and, if appropriate, validate and update the estimates through its own Competent Person. 1 ASX:IPT “Newdrill targets along the Welcome Jack trend, CommonwealthProject, NewSouth Wales” released13 Apr. 2018. - 7 – Figure 4: Location of the Commonwealth & Silica Hill Project and major gold–copper deposits within the Lachlan Fold Belt. The Silica Hills prospectis approximately 200 m northeast of the northern extent of the Commonwealth prospect. Figure 5: Location of Kuniko’s exploration licences and key prospects within the Commonwealth Gold– Silver Project, central New South Wales. The project covers five granted exploration licences (EL8212, EL8252, EL8504 and EL8505) encompassing multiple gold–silver–base-metal prospects, including Commonwealth, Silica Hill, Gladstone, Geenobby and Pine Hill, situated along the highly prospective Lachlan Fold Belt. - 8 – About Kuniko Kuniko Limited (ASX: KNI) is a mineral exploration company advancing its high-grade gold and silver Commonwealth Project in the Lachlan Fold Belt in New South Wales, Australia, and its copper, nickel and cobalt projects focused on the energy transition in Southern Norway. The Company’s operations are in Tier 1mining jurisdictions and the Company remains committed to high ethical and environmental standards for all company activities. Key assets include: • Commonwealth Gold–Silver Project (NSW, Australia): Binding earn-in and JV with Impact Minerals (ASX: IPT) to earn up to 70% of a VMS/epithermal gold-silver system in the Lachlan Fold Belt, hosting JORC (2012) Inferred Mineral Resource Estimates at Commonwealth and Silica Hill. • Ertelien Nickel-Copper-Cobalt Project located in Southern Norway, Ertelien hosts a JORC (2012) Mineral Resource Estimate reported by Kuniko of 40Mt @ 0.25% NiEq, including 22MtofIndicated and 18Mtof Inferred resources (Refer: ASX release dated 12 December 2024) *. • Ringerike Battery Metals Project: a license package hosting multiple Ni-Cu-Co-PGE targets across a 20km mineralised trend, anchored by the Ertelien deposit. • Skuterud Cobalt Project: has had over 1million tonnes of cobalt ore mined historically and was once the world’s largest cobalt producer. Kuniko’s drill programs have seen multiple cobalt intercepts, including high grade from shallow depths, at the priority “Middagshvile” target. • Vågå Copper Project: A VMS-style copper project with large-scale geophysical anomalies and near-surface targets, including a pros