• Three holes drilled for metallurgical samples returned outstanding assays up to 10.1% TGC from surface
• Metallurgical samples being prepared for offtake partner Quinbrook to assess suitability for battery anode material
• Approvals secured for extensive infill drilling program to upgrade mineral resource

Kingsland Minerals Ltd is pleased to announce strong results from three metallurgical diamond drill holes at its Leliyn Graphite Project in the Northern Territory. The three holes were drilled to provide samples for metallurgical tests to determine the suitability of Leliyn graphite for making battery anode material. The drilling returned outstanding assays, including 125.6m @ 10.1% TGC from surface, 152.6m @ 9.6% TGC from surface, and 100.2m @ 9.0% TGC from 1.4m. Kingsland has a binding offtake agreement with Quinbrook Infrastructure Partners, under which Quinbrook may purchase graphite concentrate from Leliyn. The metallurgical samples are now being prepared for Quinbrook to conduct advanced test-work. In addition, Kingsland has recently secured approvals for an extensive infill drilling program of up to 140 holes at Leliyn, which will allow the company to significantly upgrade the mineral resource. The Leliyn Graphite Project has an Indicated Mineral Resource of 12.3Mt @ 7.9% TGC and Inferred Mineral Resources of 180.2Mt @ 7.2% TGC, containing a total of 14.0Mt of graphite.

Kingsland is now in a position to be able to significantly upgrade the mineral resource at Leliyn through the recently approved infill drilling program. The company is focused on providing Quinbrook with high-quality graphite samples for advanced metallurgical testing to assess the suitability of Leliyn graphite for battery anode material production.