• Scoping Study confirms economic viability for Leliyn Graphite Project
• Purified, spherical graphite grading 99.97% graphitic carbon produced
• Gallium by-product testwork progressed

Kingsland Minerals (ASX:KNG) released its September 2025 quarterly report, with the highlight being the release of the scoping study for the Leliyn Graphite Project. The scoping study confirms that Leliyn has excellent potential to be a low-cost producer of graphite concentrate. In addition, test-work has also confirmed that graphite concentrate from Leliyn can be used to produce high-grade purified, spherical graphite (PSG) grading 99.97% graphitic carbon, exceeding the grade usually required for high-quality battery use. The company also provided an update on gallium by-product testwork, with the identification of muscovite mica as the primary host of gallium mineralisation at Leliyn. Further work is planned to assess the viability of extracting gallium or gallium compounds from the mica concentrate. The company also announced a capital raising, including a placement and share purchase plan, as well as the appointment of a new non-executive chairman.

The Scoping Study estimates Leliyn will produce a total of ~662,000t recovered graphite concentrate during a 6.9 year processing period, for average annual production of ~95kt graphite concentrate. The project has an estimated ~A$343m initial capital cost.

Kingsland Minerals is planning and implementing future work programs to advance the Leliyn Graphite Project and is looking forward to communicating these to shareholders in coming months. The company is also focused on progressing the gallium by-product potential at Leliyn.