KNB - Koonenberry Gold

[System]

The Koonenberry Gold Project is located in North-western NSW, approximately 160km northeast of the major mining and cultural centre of Broken Hill and 40km west of the opal mining town of White Cliffs. Good access is available via main roads connecting Broken Hill, White Cliffs and Tibooburra.

Koonenberry’s 100% owned subsidiary company, Lasseter Gold Pty Ltd, owns a 100% interest in twelve (12) granted tenements associated with the Koonenberry Gold Project. All tenements are in good standing. This is a significant lease position of approximately 1,339 km2 in an emerging major mineral province which holds excellent potential for a number of different styles of gold mineralisation.

The Project area is centred on a major gold nugget field which is sourced from outcropping nuggety quartz reefs that have had until recently been limited by land access. Koonenberry has one land access agreement in place, one in the process of being renewed and one to be negotiated.

It is anticipated that KNB will list on the ASX during August 2021.

Home - Koonenberry Gold

Discovering Gold and Copper in NSW Subscribe Share Price (ASX:KNB) Price delayed by 20 mins NSW focused Exploration company Exciting project portfolio Multiple Gold and Copper discovery opportunities World class discovery potential 4,360km² ground holding One of the most...

koonenberrygold.com.au

 

[Dona Ferentes]

Listing date	30 August 2021 11:30AM AEST ##
Company contact details	https://koonenberrygold.com.au/ Ph: +61 8 6245 9869
Principal Activities	Australian Mineral and exploration development company
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	KNB
Capital to be Raised	$10,000,000
Expected offer close date	30 July 2021
Underwriter	Not underwritten. Ventnor Securities Pty Ltd (Lead Manager)

 

[Dona Ferentes]

another spec miner, late to list by a month and not a particularly auspicious start to life on the ASX

KNB opened at 21c but quickly dropped to trade most of the day on the 16c-17c range.

 

[noirua]

Koonenberry Gold (ASX:KNB) completes RC drilling at Lucky Sevens

Koonenberry Gold (ASX:KNB) has completed reverse circulation at the Lucky Sevens high-grade gold prospect in NSW.

themarketherald.com.au

Koonenberry Gold (KNB) has completed reverse circulation (RC) at the Lucky Sevens high-grade gold prospect in NSW.

A total of 11 holes, for 2258 metres, were drilled to target a 400-metre section of the four-kilometre-long gold in soil anomaly.

Limited drilling has been undertaken at Lucky Sevens with previous work intersecting five metres at 25.1 grams per tonne (g/t) gold from zero metres, demonstrating the high-grade potential of the mineralised structures.

 

[debtfree]

ASX Announcement - Approval to commence maiden drilling program at Atlantis was supported with a 45% increase in price today.

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Quick chart update

 

[Garpal Gumnut]

This is a dart pick of mine for the May comp 24. It is a gold explorer out past in Western and Northern NSW.

Slowly, slowly catching the monkey with holes for gold, none so far magnificent. So much so that they only had 0.84 of dosh measured in quarters in their 30/4 report and had to do a capital raise. It may win from the outside.

Who knows?

gg

 

[houtman]

KNB announced some rock chip results for its Breakfast creek prospect today.

However it is the Enmore project that has short term potential, previous drilling intersected - 174m @ 1.83g/t Au from 0m; inc. 31m @ 3.05g/t Au from 115m & 3m @ 8.86 from 172m to EOH (OSSRC006).

Drilling at Enmore later this month so a while before results are released.

Positives - the above drill result, low EV of about $9m, and LSX + LRT being on the register.

Negatives - recent cap raise meant issuing 450m shares so potential for churn, and slow news flow/crowded exits if Enmore disappoints.

Small holding, punt only for me.

 

[Dona Ferentes]

here's the plan

Micros with majors: NSW’s Lachlan Fold Belt is worth its weight in copper and gold - Stockhead

Dive into the deal between ASX junior Koonenberry Gold and gold giant Newmont and explore why NSW's Lachlan Fold Belt is so attractive.

stockhead.com.au

 

[houtman]

Enmore drilling is underway.

The prospect was previously owned by GUE, a Uranium hopeful.

They never got around to following up the 2021 drilling results(174m @ 1.83g/t), selling Enmore to KNB for 35m KNB shares during October 2024.

Datt capital with a Substantial holder notice today, joining LRT and LSX.

 

[finicky]

Oohwee, look at those positive volume bars accompanying a relentless advance.
Not Held

Up another 10% today which doesn't show on this weekly chart.
WEEKLY

 

[houtman]

KNB is my only bright slightly luminous light today amongst my gold stocks.

Visible gold in the follow up hole, the 2nd DD of an 8-10 hole drill program.

Volume hasn't done much in response.

 

[houtman]

March Pick.

KNB have an 8 - 10 DD rotary lie detector campaign in progress at the Elmore project.

1st hole was a twin of a previous 2021 hole, it had visible gold.
2nd hole of the program also had visible gold.

1st hole announcement of visible gold released 19/2 and 2nd hole 26/2, about a week in-between drills.

Hoping for some positive assay results on the 1st hole before the end of the month, although KNB think probably early April for 1st results.

Punt only for me.

 

[houtman]

More visible gold for KNB in both hole 3 and the still to be completed hole4 (8-10 hole program.)

They seem happy with how the geological model is coming together.

First assays due early April, drilling to recommence in about a week, rain delays due to Alfred. Probably explains the price action the last few days.

I like the report, it looks like a well structured drill program.

 

[rcw1]

Good evening
Great day today for gold (11/04/25). 17.78% SP gain for KNB ...
Nice

Chart update:
Daily

15 minute

Not holding

Kind regards
rcw1

 

[houtman]

KNB reported visible gold in their 5th hole at their Enmore project, that's all 5 completed holes with visible gold.

3 more holes in the program with potential for an extension.

$5.35m cash at 31/3/25 and current Mcap of about $61m.

They also have a couple of JV's with Newmont chugging along in the background, Junee, where Newmont has spent near $24m, and Fairholme about $1m.

Happy to hold.

 

[Garpal Gumnut]

I have KNB, a golder, as my pick in the May 25 Competition. Like a previous pick of mine NMG it has had visible gold in one of it's recent drills and I've picked KNB previously in the Comp in April of last year.

Apart from the usual gumph about gold specs, it is drilling about 20 km from Larvatto's finds. The chart looks promising. There has been a fair bit of volatility between $0.04 and $0.08 this month with interesting long bars on volume.

gg

 

[houtman]

John Forwood of Lowell of Lowell Resources Fund (LRT) was comparatively effusive when discussing KNB in yesterday's M o M podie(at about 31min).

KNB also has Emanuel Datt as a major share holder, Datt is currently trying to have a couple of board members replaced, he isn't happy with the latest incentives package.

NXM also got a pat on the head

 

[Dona Ferentes]

KNB has received firm subscriptions to raise $5,000,000 before costs via a placement to institutional investors to issue 83.33 million new ordinary shares in the Company at an issue price of $0.060 per share.

- Placement funds to fast-track +10,000m of drilling on the Enmore project plus ongoing exploration at Lachlan projects

 

[Garpal Gumnut]

KNB has received firm subscriptions to raise $5,000,000 before costs via a placement to institutional investors to issue 83.33 million new ordinary shares in the Company at an issue price of $0.060 per share.

- Placement funds to fast-track +10,000m of drilling on the Enmore project plus ongoing exploration at Lachlan projects

My pick in this month's comp. Going nowhere fast price wise. I don't hold and won't be buying any time soon.

gg

 

[Sean K]

This was going great, until it wasn't. Not sure why with some of the intersections at Sunnyside.

There's four more holes due in early July that will show whether it's a larger deposit of just a pipe.

There's a lot of hysterical drill holes in this deposit and I assume they were by GUE as mentioned by @houtman. But, why did they sell it with hits like 175m @ 1.8g/t?