Kingsland Minerals (ASX:KNG) share purchase plan receives strong support

Kingsland Minerals’ latest capital raising has drawn a positive response from shareholders, underscoring renewed investor confidence in the company’s graphite ambitions at its flagship Leliyn Project in the Northern Territory.

The oversubscribed Share Purchase Plan (SPP) follows a series of encouraging milestones, including the recently completed Scoping Study and a successful private placement to institutional investors.

Highlights

• Oversubscribed Share Purchase Plan raising A$543,000.

• Issue price of A$0.12 per share, matching the earlier placement.

• Backing from major shareholders Quinbrook Asset Management (19%) and Bacchus Resources (10%).

• Funds to advance the Leliyn Graphite Project and general working capital.

• Total shares on issue now 84.56 million.

The strong uptake in the SPP, which was open from 8 to 29 October 2025, reflects sustained investor interest in Kingsland’s graphite strategy following the September release of its Scoping Study for Leliyn.

That study outlined the project’s potential as a major domestic graphite producer with a resource of 192.5 million tonnes at 7.3 per cent total graphitic carbon.

The raising allowed eligible shareholders to apply for up to A$30,000 worth of new shares, priced at A$0.12 each, identical to the placement completed earlier in October.

The offer was structured to raise approximately A$500,000 before costs, but ultimately brought in A$543,000 in valid applications, which the Board has chosen to accept in full.

The company’s two largest shareholders, Quinbrook Asset Management and Bacchus Resources, have each reinforced their long-term commitment to Kingsland by increasing their holdings.

Quinbrook, which now holds 19 per cent, will finalise its participation following shareholder approval at the forthcoming Annual General Meeting scheduled for 26 November.

Kingsland Minerals‘ Managing Director, Richard Maddocks, said the company was pleased with the level of shareholder engagement, noting:

“On behalf of the Board of Kingsland, I would like to sincerely thank our shareholders for their ongoing support through this capital raising. Kingsland is now funded to continue with our Leliyn Graphite Project in the Northern Territory.”

The proceeds from the SPP and placement will enable the company to progress exploration and development activities across its portfolio, with the immediate focus on advancing Leliyn.

The project has emerged as one of Australia’s largest graphite resources, containing 14 million tonnes of contained graphite, positioning Kingsland to potentially play a key role in the nation’s emerging battery materials supply chain.

In parallel, Kingsland continues to hold interests in other energy-related projects, including the Cleo Uranium Deposit, which hosts an inferred resource of 5.2 million pounds of U₃O₈, and the Lake Johnston Project in Western Australia, prospective for nickel and lithium mineralisation.

Looking ahead, the oversubscribed SPP and ongoing support from cornerstone investors provide Kingsland with both financial momentum and shareholder alignment as it transitions from study to development phase at Leliyn.

With a solid capital base and key approvals underway, the company enters the next stage of its strategy well positioned to capture growing demand for graphite in the clean energy economy.

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