• Competitive cash operating costs of US$423/t of graphite concentrate produced
• Initial capital costs of AUD$343m for a 1.5 Mtpa processing plant
• Open pit mining with low strip ratio of 0.8:1 (waste:ore)

Kingsland Minerals Ltd (ASX:KNG) has announced strong scoping study results for its Leliyn graphite project in the Northern Territory. The scoping study evaluated a 1.5 million tonne per annum (Mtpa) processing plant and found that Leliyn can be a financially and technically robust, globally-competitive graphite producer. Key outcomes include a forecast cash operating cost (C1) of just US$423 per tonne of graphite concentrate produced, which is very competitive with current operations worldwide. The initial capital cost is estimated at AUD$343 million, with open pit mining at a low strip ratio of 0.8:1 (waste:ore). The study also identified extensive scope for optimisations that could deliver production increases with further capital and operating cost reductions. Kingsland has a JORC Mineral Resource of 192.5 Mt at 7.3% total graphitic carbon, with 70.4% classified as Indicated and 29.6% as Inferred. The company is now focused on taking advantage of Leliyn's considerable potential and appropriately sizing the project to maximize economies of scale.

With more drilling and increased indicated resources, Kingsland is confident it can build on the scoping study results and establish a long-life, profitable graphite concentrate operation at Leliyn.