• Cornerstone investment by Quinbrook Infrastructure Partners
• Quinbrook invests $2.56m and becomes 15.3% shareholder
• Agreements signed for graphite concentrate offtake and renewable energy supply

Kingsland Minerals has released its December 2024 quarterly report, highlighting the key event of a $2.56m strategic investment from Quinbrook Infrastructure Partners. Quinbrook, which invests across various renewable energy technologies, has subscribed for 11,111,111 shares in Kingsland at $0.23 per share, giving them a 15.3% stake in the company. Alongside the investment, Kingsland and Quinbrook have signed agreements for the offtake of graphite concentrate from the Leliyn Graphite Project, as well as an option for Quinbrook to provide renewable energy to the project. This secures binding offtake arrangements and is a major milestone for Kingsland's commercial strategy.Quinbrook is also investigating the feasibility of locating a downstream graphite processing facility at the Middle Arm Sustainable Development Precinct in Darwin. The report also provides an update on the company's exploration activities, with a 1,662m infill drilling program completed at Leliyn to upgrade the current Inferred Mineral Resource to the Indicated category. The drilling confirmed the wide, shallow nature of the graphite mineralization, with significant intercepts reported. Kingsland ended the quarter with a cash balance of $2.44 million and continues to progress its portfolio of energy mineral projects, including the Cleo Uranium Deposit and the lithium-prospective Lake Johnston Project.

Kingsland Minerals is focused on advancing the development of its Leliyn Graphite Project, with the aim of upgrading the Mineral Resource and completing a Scoping Study to assess the economic viability of producing a flake graphite concentrate. The strategic investment and offtake agreement with Quinbrook Infrastructure Partners are expected to provide significant support for the project's development.