Kingsland (ASX:KNG) set the Leliyn target

Kingsland Minerals have set an exploration target for its 20-kilometre graphite discovery at the Leliyn Graphite Project, part of the Company’s Allamber Project in the Northern Territory.

The target is slated at 200-250Mt at 8-11 total graphite content for 16 -27Mt of contained graphite, coming from a 5000m long and 100m thick graphitic schist lying around 200m below the ground, estimated to yield a dry bulk density of 2.5 t/m³.

Kingsland says the initial target is part of a discovery that easily qualifies as a globally significant tier-one asset in a tier-one location.

Managing Director Richard Maddocks said drilling planned for June would focus on a 5-kilometre section of the total 20 km graphitic schists.

“This section provides an optimal starting point and will form the basis for this significant Exploration Target, highlighting the potential for Leliyn to develop into a world-class flake graphite deposit,” Mr Maddocks said.

“Drilling will initially focus on obtaining samples for metallurgical test work and estimating a Mineral Resource,” he added.

“There is so much unrealised potential here, and I’m excited for the results of the upcoming exploration program.” 

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KINGMINLTD FPO [KNG]

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Already the second largest producer of natural graphite outside of China, exploration has accelerated within Australian borders and claimed several recent successes for a now-critical mineral subject to rising demand from various end-use industries.

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Kingsland will launch a ground electromagnetic survey before drilling to provide more accurate locations of the graphitic schist’s hangingwall and footwall, potentially revealing higher-grade areas to aid final drill hole planning.

KINGMINLTD FPO [KNG]

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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