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Ringerike PROJECT

KEY FACTS

405 sq kms

exclusive license area with 41 exploration claims

7x

significant targets identified

3x

Critical Battery Minerals

OVERVIEW

The Ringerike Project, located in central-southern Norway, encompasses several prospective mafic intrusions known to host copper- nickel -cobalt and PGE mineralisation.  The license area includes several brownfield copper-nickel mines and trial workings, including Ertelien and Langedalen. The Ertelien Ni-Cu-Co Project has a 23.3Mt Inferred Mineral Resource Estimate (JORC 2012) completed in April 2024 (Ertelien 23Mt MRE Unveils Sustainable Ni/Cu Potential).  Kuniko has identified 7 areas with mafic intrusions within the Ringerike license area that have the potential to host Ni-Cu-Co (-PGE-Au) mineralisations.

Ringerike license area is located close to infrastructure and is only an hour’s drive from Norway’s capital, Oslo and rail access from Oslo to the nearby town of Tyristrand. There is a district scale potential  at Ringerike for significant resources and long-term production. Kuniko is actively engaging with local stakeholders in the area to establish long term relations based on trust and transparency.

Overview of Kuniko’s Ringerike Copper-Nickel-Cobalt Project.
Outlined on this project map are key intrusions and trends prospective for nickel mineralisation.

Coordinate System: WGS84 UTM Zone 32N

GEOLOGY & MINERALISATION

Ringerike is a magmatic region with gabbronorite-hosted orthomagmatic Ni-Cu-Co deposits. Kuniko is targeting magmatic Ni-Cu sulphide deposit type, analogous to the Voisey’s Bay model.

The Ringerike Project area lies within the Kongsberg belt, a high-grade metamorphic terrane consisting of gneisses that originally formed as both igneous and sedimentary rocks (1700-1500 Ma) before being intensely folded and metamorphosed during the Svecofennian Orogeny (1600 – 1450 Ma). The Ertelien intrusion and similar mafic-ultramafic bodies throughout the Ringerike project are thought to post-date this peak metamorphism, with an emplacement age between 1450-1100 Ma before the Sveconorwegian orogenic event.

Intrusions in the Ringerike area take the form of narrow gabbroic dykes and larger chambers that are interpreted to be part of a broader magma plumbing systems. The larger examples of magma chambers show compositional layering, and in particular at Ertelien, ultramafics, gabbronorites and troctolites have been identified. At the Ulleren layered intrusion, a serpentinised peridotite core has been mapped within an envelope of troctolites and gabbronorites. Ni-Cu sulphides are known to be associated with a number of these intrusions. These intrusions occur along N-S trending lineaments through the project area, which is thought to represent a broad structural control on their original emplacement.

HIGHLIGHTS

Exploration activities carried out by Kuniko includes:

  • Target identification based on available historic data including geophysical surveys, historic mine records, geological mapping and out crop assays
  • A stream sediment and outcrop sampling program over the entire Ringerike license area was completed in 2022

Next exploration steps

To advance the delineation of potential mineral resources, Kuniko has commissioned a series of ground electromagnetic surveys (TEM) targeting high-priority areas identified across the Ringerike Project. The areas are considered to be prospective for orthomagmatic Ni-Cu sulphide mineralisation, a style of mineralisation that is known to exhibit a strong conductivity response in electromagnetic surveys.

The surveys aim to identify conductive Ni-Cu sulphide mineralisation, at depths of up to approximately 500 meters. Where detected conductors are identified, these will be used to generate 3D models and geophysical targets, known as Maxwell Plates. These plate models will serve as high-confidence drill targets for future exploration drilling campaigns across the project area.

4 areas have been  selected for EM surveys:

  • Høgås – This target is focussed on a trend of historical surface trial pits around 2 km north of the Langedalen Mine. These pits correlate with a coincident magnetic and electromagnetic anomaly in historical aerogeophysical data.
  • Gulstøveren – This target is named after the historical Gulstøveren trial mine. An outcropping mafic intrusion in the target area overlies a more substantial aeromagnetic anomaly which may indicate the presence of a larger intrusive system at depth
  • Tysklandsgruve – Situated 550 m south-east of Langedalen. Tysklandsgruve is another example of an outcropping sulphide mineralised mafic intrusion, and the survey represents an opportunity to potentially link several Nickel occurrences into a larger system at depth.
  • Asktjern – This target is a coincident aeromagnetic and electromagnetic anomaly. ~750 m northeast of the Langedalen mine. Mapping in 2022 indicated the presence of metagabbros and stringer veins of sulphide in the area.

Targeted field mapping and sampling based on outcomes of Ground TEM survey.

Map of the four EM survey loops in a key prospective area of the Ringerike Project. Interpreted fault zones are marked by red dashed lines. The Company believes that the Langedalen and Høgås Trends are part of the same system (Trend 1), offset by the major Langedalen Fault zone. This interpretation also suggests that the Gulstøvern anomalies may geologically correlate with the greenfields Asktjern target across this same fault zone (Trend 2).

Coordinate System: WGS84 UTM Zone 32N

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Org. nr. 927 303 663

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post@kuniko.eu

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