• Completion of the Scoping Study for the Leliyn Graphite Project
• Successful Placement and Share Purchase Plan, securing A$2.16 million
• Completion of the metallurgical drilling program, providing PQ core for ongoing test work
• Commencement of the Pre-feasibility Study following Kingsland Board approval
• Downstream processing test work underway with bulk samples from the metallurgical drilling program

Kingsland Minerals (ASX:KNG) released its December 2025 quarterly report, focusing on the progress of the Leliyn Graphite Project. The key achievements during the quarter included the completion of the Scoping Study, which confirmed the potential to produce high-grade purified, spherical graphite (PSG) grading 99.97% graphitic carbon. The Scoping Study was based on a bulk open-pit mining development, with a 1.5 Mtpa processing plant. The Leliyn Graphite Project has a Mineral Resource of 192.5Mt @ 7.3% Total Graphitic Carbon, containing 14Mt of graphite, with significant upside potential to increase the resource through additional drilling. Kingsland also commenced the Pre-Feasibility Study (PFS) during the quarter, focusing on the production of graphite concentrate and including a 2026 drilling program to upgrade inferred resources to indicated and/or measured categories. The company completed a metallurgical drilling program to collect PQ-sized core for ongoing test work to support the PFS and downstream processing studies. Kingsland continues to advance its downstream strategy in partnership with Quinbrook, with bulk metallurgical samples being prepared for delivery to commence test work on producing purified spherical graphite suitable for battery anode applications. The company also raised a total of A$2.16 million (before costs) through a Placement and Share Purchase Plan, with Quinbrook and Bacchus Resources increasing their holdings in the company.

Kingsland is focused on progressing the Leliyn Graphite Project through the Pre-Feasibility Study and downstream processing test work, which will provide a clearer picture of the development pathway ahead. The company looks forward to updating shareholders on further results and milestones in the coming months.