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 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.
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.
High lithium grades define a large soil anomaly open for exploration at Kingsland’s expanded Lake Johnston tenements.