Kingsland Minerals has advanced the Leliyn Graphite Project as binding offtake partner Quinbrook begins assessing Leliyn graphite concentrate for downstream processing.
Chief Executive Officer Cliff Fitzhenry notes that the confirmation of near-surface rutile and deepening flake graphite horizons marks a transformational phase in understanding the scale and quality of the Central Rutile Project.
Kingsland Minerals (ASX:KNG) has completed an oversubscribed Share Purchase Plan, raising $543,000 to advance its flagship Leliyn Graphite Project in the Northern Territory.
Richard Maddocks, Managing Director of Kingsland Minerals, says the Scoping Study results confirm Leliyn’s potential to become a long-life, low-cost graphite producer with globally competitive operating costs.
Richard Maddocks says Kingsland’s first purification tests at the Leliyn Project delivering 99.97% battery-grade graphite mark a pivotal step toward supplying the global anode market.
Richard Maddocks says pinpointing muscovite mica as the main gallium host at Leliyn marks a major step in unlocking the project’s by-product potential.
Kingsland Minerals Managing Director Richard Maddocks says recent drilling and metallurgical test work at the Leliyn Graphite Project could unlock valuable by-product streams of rutile and gallium alongside the company’s core graphite development.
Buxton Resources CEO, Martin Moloney says the successful qualification of Graphite Bull ore marks a major step forward in positioning the Company as a future supplier to the global battery materials market.
Kingsland Minerals has delivered a high-grade Indicated Resource at Leliyn with near-perfect conversion from Inferred, setting the stage for a tightly focused graphite production strategy in the Northern Territory.
Buxton Resources Graphite Bull project delivers exceptional high-grade results, including 50m at 24.9% TGC, solidifying its position in the booming battery materials market.