Koonenberry Gold

What Koonenberry Gold does

Koonenberry Gold Limited (ACN 619 137 576, ASX: KNB) is an Australian pre-revenue minerals exploration company focused on gold and copper discovery in New South Wales. The company holds a 4,360 km² ground position organised into three core project groups: the flagship Enmore Gold Project (100%-owned, 302 km², New England Fold Belt, with the recently confirmed Sunnyside discovery); the Lachlan Project (1,580 km² across ten exploration licences in the Lachlan Fold Belt, Australia's premier porphyry Cu-Au district, including two Newmont-funded joint ventures at Junee and Fairholme); and the Koonenberry Project (2,478 km² plus the 418 km² Delamarian Cu-Ni-PGE addition, a frontier belt-scale holding in an underexplored extension of the Western Victorian goldfields). Exploration is conducted using conventional techniques — diamond core drilling, RC and Air Core drilling, induced polarisation, aeromagnetic, radiometric, AEM and gravity surveys, soil geochemistry and rock-chip sampling — with the recent 2025 Sunnyside drilling returning broad, high-grade gold intercepts (e.g., 170m @ 1.75 g/t Au, 172.9m @ 2.07 g/t Au).

Koonenberry's business model is that of a junior explorer: it does not sell products or services, has no production revenue, and funds activities through ASX-listed equity raises (IPO prospectus dated 2 July 2021, followed by multiple 2024 placements including a AUD $2.75M Lion Selection Group investment) and partner-funded joint ventures (Newmont Exploration has deployed ~AUD $23.9M at Junee and can earn up to 80% of Fairholme for AUD $5M). The company's 'customers' are its shareholders — ASX retail and institutional investors seeking discovery leverage — and its strategic partner, Newmont. Operations are managed by a small team (1-10 employees) under MD Dan Power (formerly Newmont Country Manager) and Chairman Paul Harris (formerly Head of Metals & Mining at Citi), with geologists including Darren Glover (co-discoverer of the Dargues Reef Gold Mine) providing discovery credentials. Distribution of exploration results and corporate disclosures is conducted through ASX announcements, the company website, investor webinars, conference participation (Aussie Explorers, Sharecafe Hidden Gems) and consistent media coverage in Stockhead, The Australian, Mining.com.au and The Assay.

Name

Koonenberry Gold

Legal name

Koonenberry Gold Limited (ACN 619 137 576)

Website

https://koonenberrygold.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Koonenberry Gold (ASX: KNB) is a pre-revenue Australian minerals explorer focused on gold and copper discovery across a 4,360 km² portfolio (Enmore, Lachlan, Koonenberry) in New South Wales, funded via ASX equity raises and Newmont-funded joint ventures.

Ownership category

akta.pro rank

Headquarters

HQ city

Adelaide

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Pre-revenue exploration stage: Koonenberry Gold is a minerals exploration company at the discovery phase with no production revenue. Capital is raised through equity markets (ASX listing, IPO Prospectus dated 2 July 2021). Future potential revenue streams are anticipated from joint venture and farm-in arrangements (e.g., Newmont Junee and Fairholme JVs) where partners fund exploration in exchange for project interest.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Koonenberry Gold is an ASX-listed junior minerals explorer that discovers and advances gold and copper prospects across a ~4,360 km² tenement holding in New South Wales, Australia. Its core activity is grassroots and advanced exploration (drilling, geophysics, geochemistry) across the Koonenberry, Enmore Gold, and Lachlan projects, with portions of the Lachlan and Koonenberry Belt ground funded through earn-in joint ventures with major miner Newmont.

Product overview

Koonenberry Gold is a NSW-focused mineral exploration company (ASX: KNB) with a single unified offering structured as a portfolio of three core exploration projects, each containing multiple named prospects. The portfolio comprises the flagship Enmore Gold Project (the main focus, at an exciting discovery phase with significant drill results at the Sunnyside prospect), the Lachlan Project (1,580km² across ten exploration licences including the Newmont-funded Junee JV and Fairholme JV joint ventures), and the Koonenberry Project (a frontier 2,478km² belt-scale Au and Cu holding with the Bellagio, Atlantis, and Delamarian prospects). Together, the three projects cover a 4,360km² ground holding targeting gold and copper discovery opportunities in NSW.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 170m @ 1.75g/t Au from 77m, incl. 18.3m @ 9.95g/t Au (hole 25ENDD001) at Enmore Sunnyside Prospect
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered flagship / core, operational and minor.

• Newmont Exploration (Newmont Mining Corporation)flagship / coreStrategic or Co-development PartnerNewmont is a joint venture / farm-in partner on two Koonenberry projects: (1) Junee JV - KNB holds 20% free carried interest, with Newmont as manager funding exploration of multiple porphyry Cu/Au and epithermal Au targets in the Macquarie Arc (~$23.9M spent on datasets and drilling); (2) Fairholme JV - KNB holds 51% interest, with Newmont able to earn up to 80% by spending AUD $5M at its discretion. Both are managed by Newmont.
• Automic Pty LtdoperationalOthersShare Registry services provider for Koonenberry Gold. Located at Level 5, 126 Phillip Street, Sydney NSW 2000. Phone +61 2 9696 5414, Email [email protected]. Also hosts IPO application portal for the company.
• Grant Thornton Audit Pty LtdoperationalOthersExternal auditor of Koonenberry Gold Limited. Located at Level 3, 170 Frome Street, Adelaide SA 5000. Phone +61 8 8372 6666.
• Hamilton LockeoperationalOthersLegal counsel / law firm for Koonenberry Gold. Located at Central Park, Level 39, 152-158 St Georges Terrace, Perth WA 6000.
• SRG PartnersminorOthersCorporate advisory firm based in Adelaide co-founded and directed by George Rogers (former MD and substantial shareholder of Koonenberry Gold). Provides corporate strategy, M&A, and capital advisory services to listed small cap companies.
• Access Corporate Services (Brett Tucker)operationalOthersProvides Company Secretary services to Koonenberry Gold via Brett Tucker (Phone +61 8 6245 9869, Email [email protected]).

Scale indicators11 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Kincora Copper: ASX-listed (ASX:KCC) copper-gold explorer operating in the Lachlan Fold Belt with ground immediately adjacent to KNB's Fairholme JV (Kincora's Gateway Prospect). Directly comparable in commodity focus (Cu-Au porphyry), jurisdiction (NSW), and project stage (early-stage drill testing).
• Magmatic Resources: ASX-listed (ASX:MAG) NSW gold-copper explorer focused on the Lachlan Fold Belt and East Lachlan projects. Comparable in target commodities (Au-Cu porphyry and epithermal systems), exploration stage, and ASX micro-cap investor base.
• Legacy Minerals Holdings: ASX-listed (ASX:LGM) NSW-focused gold-copper explorer with multiple projects in the Lachlan Fold Belt and New England Fold Belt. Highly comparable in portfolio breadth, discovery-stage profile, and commodity mix to KNB's three-project NSW strategy.
• Sky Metals: ASX-listed (ASX:SKY) NSW-focused gold-copper and tin explorer with projects in the Lachlan Fold Belt. Similar in commodity exposure, jurisdiction, and junior-explorer scale with a portfolio of drill-ready prospects.
• Emmerson Resources: ASX-listed (ASX:ERM) gold-copper explorer in NSW (including Macquarie Arc) with a diversified portfolio including small production. Comparable in commodity focus and NSW exploration footprint, with similar Tier-1 discovery-style positioning.
• Inflection Resources: ASX-listed (ASX:ICU) copper-gold explorer focused on porphyry Cu-Au systems in the northern Macquarie Arc, NSW. Comparable target style (alkalic porphyry Cu-Au) and exploration stage to KNB's Lachlan/Newmont JV projects.

Broad incumbents

• Alkane Resources: ASX-listed (ASX:ALK) established NSW gold producer (Tomingley Gold Operations) and explorer with broader NSW project portfolio. Comparable NSW gold-copper exposure but at a larger, producer-stage scale providing incumbent reference point.
• Evolution Mining: ASX-listed (ASX:EVN) mid-tier Australian gold producer with operations and exploration across NSW (including Cowal) and other regions. Comparable NSW geological focus but as an established producer and major tenement holder in the Lachlan Fold Belt.

Others

• Newmont Corporation: NYSE-listed (NYSE:NEM) world's largest gold miner and KNB's JV partner at Junee and Fairholme. Not a peer in the traditional sense but the most relevant counterparty and an indicator of tier-1 validation of KNB's ground package; comparable as a buyer/partner rather than competitor.

Emerging players

• S2 Resources: ASX-listed (ASX:S2R) emerging gold and base-metals explorer with adjacent ground to KNB's Delamarian Cu-Ni-PGE Project. Comparable as a junior operating in the same frontier terrane and targeting similar magmatic Ni-Cu-PGE mineral systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/koonenberrygold
• YouTubeyoutube.com/watch?v=zSyCWGJIFOE
• LinkedInlinkedin.com/company/koonenberry-gold
• Facebookfacebook.com/koonenberrygold

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koonenberry Gold