# KNI: Kuniko Commence Downhole EM Survey Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/kni-kuniko-commence-downhole-em-survey--9a7e2158-776d-4f36-ae8c-da8d8f1ba1d3 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155551 Publisher: asx Original announcement: 2026-10-21T21:59:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-21T22:24:29.297Z Atlas analysis updated: 2026-10-21T22:24:29.297Z - Company: Kuniko Limited - Ticker: KNI - Exchange: ASX - Region: New South Wales - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Other, Drill results - Extracted: 2026-10-21 22:24:30 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Kuniko has commenced a downhole electromagnetic \(DHEM\) survey at the Commonwealth–Silica Hill Project in NSW. The survey targets deeper sulphide conductors and potential extensions of the gold-silver-base metal system using three deep Phase 2 drill holes. Reasoning: The announcement marks the start of a geophysical survey intended to de-risk and extend a known high-grade system, which is a positive exploration milestone. - Positive factor: Commencement of DHEM survey to target deeper mineralisation - Positive factor: Use of proven exploration technique with historical success at site - Positive factor: Targeting beneath high-grade discovery CMKNI004 Facts used in scoring: 2 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The survey targets extensions of the known mineralised system at Silica Hill. Evidence · text > targeting deeper off-hole conductors, potential extensions to the known gold-silver-base metal mineralised system ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### CMKNI004 [Link to this fact](https://atlas-staging.minestarters.com/news/kni-kuniko-commence-downhole-em-survey--9a7e2158-776d-4f36-ae8c-da8d8f1ba1d3#fact-drill-facts-0) Commonwealth–Silica Hill · gold #### Identity - Hole ID: CMKNI004 - Project: Commonwealth–Silica Hill - Commodity: gold - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: KNI #### Geometry - Grade: 27 - Grade Unit: g/t - Intercept: 0.5 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: 27 g/t Au is an exceptional grade for this system. - Positive factor: High-grade intercept Evidence · text > CMKNI004 \(0.5m at 27 g/t Au and 20,603 g/t Ag\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Commonwealth Project lies immediately along trend from Alkane's Boda-Kaiser porphyry copper-gold deposit, containing" ### CMKNI004 [Link to this fact](https://atlas-staging.minestarters.com/news/kni-kuniko-commence-downhole-em-survey--9a7e2158-776d-4f36-ae8c-da8d8f1ba1d3#fact-drill-facts-1) Commonwealth–Silica Hill · silver #### Identity - Hole ID: CMKNI004 - Project: Commonwealth–Silica Hill - Commodity: silver - Region: australia\_nsw - Reported Region: australia\_nsw - Ticker: KNI #### Geometry - Grade: 20603 - Grade Unit: g/t - Intercept: 0.5 m #### Classification - Sample Type: drill - Group ID: CMKNI004:0-0.5 #### QA/QC - QA/QC Disclosed: Yes - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-21T00:00:00.000Z Reasoning: 20,603 g/t Ag is an exceptional grade. - Positive factor: High-grade intercept Evidence · text > CMKNI004 \(0.5m at 27 g/t Au and 20,603 g/t Ag\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Commonwealth Project lies immediately along trend from Alkane's Boda-Kaiser porphyry copper-gold deposit, containing" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.