Kuniko Sign Joint Venture Agreement Over New South Wales Gold-Silver-Copper Project

MT Newswires Live

Sep 04, 2025

Kuniko (ASX:KNI) said it is set to farm into Impact Minerals' (ASXP:IPT) Commonwealth gold-silver-copper project in New South Wales under a binding joint venture agreement, according to a Thursday Australian bourse filing.

Under the agreement, Kuniko will issue 3,125,000 shares to Impact, following a due diligence period of two weeks. It will also spend AU$1.5 million within two years to earn a 51% interest in the project, and a further AU$1.5 million within another two years to earn a 70% stake.

Kuniko will free-carry Impact's 30% stake up to a decision to mine. At that point, Impact will decide to either contribute or dilute its stake to 10% which will then convert to a 2% net smelter royalty.

Kuniko will conduct a one-for-three non-renounceable rights issue at AU$0.07 per share with one-for-three free attaching options, closing Sept. 12.

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It will also spend AU$1.5 million within two years to earn a 51% interest in the project, and a further AU$1.5 million within another two years to earn a 70% stake.</p><p>Kuniko will free-carry Impact's 30% stake up to a decision to mine. At that point, Impact will decide to either contribute or dilute its stake to 10% which will then convert to a 2% net smelter royalty.</p><p>Kuniko will conduct a one-for-three non-renounceable rights issue at AU$0.07 per share with one-for-three free attaching options, closing Sept. 12.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4185","symbol_name":"保健护理机构","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2564268953","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564268953","pubTimestamp":1756968898,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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