Clarification Announcement
| Stock | Kingsland Minerals Ltd (KNG.ASX) |
|---|---|
| Release Time | 29 Dec 2025, 1:34 p.m. |
| Price Sensitive | Yes |
Kingsland Graphite Project Advances with Key Offtake Partner
- Kingsland to supply Quinbrook with drill core for testing at planned Darwin downstream processing facility
- Binding offtake agreement with Quinbrook to process Leliyn graphite concentrate for lithium batteries
- Kingsland Board approves start of Pre-feasibility Study for Leliyn project
Kingsland Minerals Ltd (ASX:KNG) is pleased to announce a major milestone in its strategy to develop the Leliyn graphite project, with key test-work to be conducted by its offtake partner Quinbrook. The tests will be conducted in parallel with the Leliyn Pre-feasibility Study (PFS), which has now commenced following approval by the Kingsland Board. The PFS will focus on the production of graphite concentrate from Leliyn and include a drilling program to upgrade inferred resources into indicated and/or measured mineral resources. A recent drilling program of PQ size core (85mm diameter) was completed, and the core will be used for metallurgical test work to refine the crushing, grinding and flotation parameters. The drill core will also be used to provide raw material for test work aimed at extracting gallium and rutile from the graphitic schist. Kingsland has a binding offtake agreement with Quinbrook to supply graphite concentrate for downstream processing at a facility in Darwin. In addition to metallurgical test work, environmental studies will also soon commence. The application for the mining lease is progressing, and communication with the Northern Land Council has commenced.
Kingsland is funded to commence the PFS through the initial environmental studies, the infill drilling program in 2026 and the subsequent mineral resource estimation update. The company considers the Leliyn mineral resource has excellent potential to significantly grow in size with additional drilling.