Strong Infill Drilling Results at Leliyn Graphite Project
| Stock | Kingsland Minerals Ltd (KNG.ASX) |
|---|---|
| Release Time | 16 Jan 2025, 8:18 a.m. |
| Price Sensitive | Yes |
Strong Infill Drilling Results at Leliyn Graphite Project
- Infill drilling returns high-grade graphite intercepts up to 120m @ 9.2% TGC
- Drilling aims to upgrade Inferred Resource to Indicated Resource
- Scoping Study planned to assess economic viability of flake graphite production
Kingsland Minerals Ltd has announced strong infill drilling results from its Leliyn Graphite Project in the Northern Territory. The drilling program, which totaled 1,662m in 16 holes, targeted a 600m strike length of the graphitic schist unit that contains the project's Inferred Mineral Resource of 194.6mt @ 7.3% Total Graphitic Carbon (TGC). Significant intercepts include 120m @ 9.2% TGC from 0m, 72m @ 9.2% TGC from 0m, and 57m @ 10.2% TGC from 63m. The company expects the increased drilling density to be sufficient to upgrade the current Inferred Mineral Resources to Indicated Mineral Resources, which will form the basis of a Scoping Study assessing the economic viability of producing a flake graphite concentrate. Initial metallurgical test work has shown that a 94% TGC graphite concentrate can be produced from the Leliyn mineralization. The company is also progressing the production of a bulk graphite concentrate sample for further testing, including spheronization and electrochemical characterization. The Leliyn Graphite Project is one of Australia's most significant graphite deposits, and the recent investment and offtake agreement with Quinbrook Infrastructure Partners provides additional impetus for the advancement of mining studies and downstream processing.
The company expects the increased drilling density to be sufficient to upgrade the current Inferred Mineral Resources to Indicated Mineral Resources, which will form the basis of a Scoping Study assessing the economic viability of producing a flake graphite concentrate.
The company is progressing the production of a bulk graphite concentrate sample for further testing, including spheronization and electrochemical characterization. The recent investment and offtake agreement with Quinbrook Infrastructure Partners provides additional impetus for the advancement of mining studies and downstream processing at the Leliyn Graphite Project.