Kingsland (ASX: KNG) pushes Leliyn Graphite Project into new territory
August 16, 2023Kingsland Minerals’ latest grades from its 20-kilometre graphite schist in the Northern Territory have the Leliyn Graphite Project emerging as a discovery of world-class proportions.
The latest results highlight continued promise, with high-grade mineralisation up to 87m deep along a 20km schist unit with consistent TGC levels exceeding 10%. Wide intersections indicate substantial tonnages, promising a bright future for Leliyn.
Plan showing the location of drill holes and cross-sections
Kingsland Managing Director Richard Maddocks said the results are consistent with Leliyn’s large Exploration Target of 200-250Mt at 8-11% Total Graphitic Carbon for 16-27Mt of contained graphite and will form part of the maiden Resource.
“These latest results further reinforce the potential of Leliyn and the thick, high-grade graphite intersections from the surface set this deposit apart,” Mr Maddocks said.
Mr Maddocks said drilling keeps extending the grade, strike and tonnage potential of Leliyn.
“Drilling is continuing, and I look forward to updating the market with more assay results. He said that metallurgical test-work samples will be submitted this quarter, and we expect thin-section petrographic analyses soon.
The company expects near solid-term newsflow with maiden resource drilling ongoing, diamond drilling assays pending and metallurgical test samples planned to be submitted in the current quarter.
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