Kingsland (ASX:KNG) strike major graphite in NT
February 1, 2023Kingsland Minerals have made an enormous graphite discovery confirming potentially high-grade graphitic schists up to 100m wide over 20 km of strike at its Lelilyn Graphite Project in Australia’s Northern Territory.
Geological Map of Kingsland Minerals’ 20km long and thick graphite schist, including historic drill hole TALD001 indicating high-grade graphite
“We are particularly excited about the potential of the Leliyn Graphite Project,” Managing Director Richard Maddocks said.”There are significant graphite assays over 20 km strike length from historic drilling, and the one section with sufficient drilling indicates a true thickness of up to 100m.”We are in the process of designing and obtaining approvals for a drilling program aimed at estimating a Mineral Resource later in 2023.“Leliyn is shaping up as a graphite prospect of significant size and grade potential. “Kingsland is aiming to be well-placed to take advantage of forecast increasing demand for graphite for Lithium-ion battery applications.”
Price Action
Kingsland Minerals (ASX:KNG) ASX-listed shares are 17c at Market Open.
Exploration Program
Exploration results from previous explorers and recent mapping and reconnaissance by Kingsland have been used to design drilling programs for the Leliyn Graphite Project. Exploration during 2023 will be focussed on targeting a Mineral Resource Estimate for the Leliyn Graphite Project late in 2023. At the same time, a comprehensive metallurgical test-work program will be commenced to test the suitability of Leliyn graphite concentrate for end uses such as battery applications.
The strike length of the graphitic schist unit within Kingsland Allamber project tenements is approximately 20km. Existing exploration drilling at one location indicates a true thickness in the order of 100m, although this is likely to vary along the strike length of the unit.
Fundamental Data
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