Kingsland (ASX:KNG) continue the Leliyn largesse

Kingsland Minerals’ second batch of assays has continued to reveal extremely thick intersections of high-grade graphite, all in line with an expansive exploration target earmarked to become a rock solid JORC resource within its Leliyn Graphite Project in Australia’s Northern Territory.

The first round of results confirmed high-grade graphite within an extensively long graphitic schist unit, and these top-calibre intercepts further corroborate a substantial graphite discovery outcropping on the surface of Australia’s top end and build aspirations to hit the upper limits of a large 200-250Mt at 8-11% Total Graphitic Carbon Exploration Target for 16-27Mt of contained graphite.

Significant intercepts:

• 137m @ 7.3 % from 13m (LERC_13)
  • incl 47m @ 10.9% from 69m
• 139m @ 7.0 % from 9m (LERC_14)
  • incl 63m @ 10.0% from 107m
• 130m @ 6.3 % from 0m (LERC_11)
  • incl 21m @ 11.3% from 93m

Kingsland know it is seated in a tier-one location, and Managing Director Richard Maddocks said the second batch of assays provided compelling evidence it had a major discovery on its hands at Leliyn.

“This second batch of assays provides more compelling evidence that we have a major graphite discovery at Leliyn. The widths are exceptional, the grades are high and the mineralisation runs from surface. These intersections are within the Exploration Target area and show that the tonnage potential of the project is considerable, especially considering we are only exploring 5 km of the 20km graphitic schist unit,” Mr Maddocks said.

Australian graphite

In spite of its critical mineral status and standing as one of the key raw battery materials for the energy transition, there are currently no active graphite mining operations in Australia, but a new wave of exploration has that fact likely to soon become redundant.

And with commodity analysts pitching the case that graphite has potential to become the next lithium, even Rio Tinto has entered the fray and purchased a large stake in graphite-focused Sovereign Metals.

Kingsland quickly secured full funding to advance its ambitions after marking discovery at Leliyn, and is now further along the pathway to developing its own tier-one resource of Australian graphite.

Drill hole location and cross section

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Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Kingsland Minerals Ltd operates as a mineral exploration and development company in Western Australia. The company primarily explores for gold, uranium, copper, nickel, and cobalt deposits, as well as base metal mineralization. Kingsland Minerals Ltd was incorporated in 2021 and is based in West Perth, Australia.

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