Kingsland Minerals develops triple-threat portfolio

The estimation of a maiden inferred mineral resource estimate containing 194.6 million tonnes at 7.3 per cent graphitic carbon delivers a globally significant graphite project.

Kingsland Minerals’ (ASX: KNG) 100 per cent owned Leliyn graphite project in the Northern Territory is shaping up to be very promising. The company’s maiden mineral resource estimate (MRE) was estimated after an initial drilling program – including 53 reverse circulation drilling holes (5400 metres) and 11 diamond core holes (2400 metres) – was completed throughout 2023.

To put things into perspective, it is worth noting that the MRE is based on only five kilometres of the project’s 20-kilometre outcropping graphitic schist. Metallurgical test-work to confirm commercial-grade concentrate is also being undertaken, with results to be released when they become available.

‘We released some of the best drill results in the world last year for graphite,’ Managing Director Richard Maddocks says.

Maddocks’s statement is supported by results released in December that included:

TALD001: 160 metres at 5.6 per cent total graphitic carbon from 36 metres, and 43 metres at 9.9 per cent total graphitic carbon from 206 metres

LEDD_10: 94 metres at 7.4 per cent total graphitic carbon from 30 metres, including 14 metres at 11.53 per cent total graphitic carbon from 32 metres.

‘Results such as this underpin the considerable upside for Leliyn to develop into a globally significant graphite deposit and the maiden MRE result confirms this,’ Maddocks continues.

‘News from Leliyn will be extensive throughout 2024, with the maiden MRE already completed and metallurgical test work well underway. Infill drilling to upgrade the MRE will start soon after the end of the wet season in April or May.’

The Northern Territory was kind to Kingsland in 2023, with reporting of an inferred MRE for the Cleo uranium deposit within its Allamber project area, near Pine Creek, of 6.8 million tonnes at 345 parts per million uranium for 5.2 million pounds uranium.

Kingsland recognises Cleo’s potential, with mineralisation open along strike and at depth, and sees this first MRE as a firm platform upon which to build the Cleo resource base.

In Western Australia, Kingsland recently extended the size of its Lake Johnston project, taking it to over 770 square kilometres along the western fringes of the Lake Johnston Greenstone Belt, a known location for lithium-bearing pegmatites. Recently released soil sampling results indicate excellent potential for lithium mineralisation. Historical exploration by former owners focused on nickel and gold, with no exploration conducted on lithium mineralisation.

Kingsland originally acquired Lake Johnston targeting nickel, and this remains an exploration target; however, it is hard to ignore the lithium potential being unearthed in the area.

Kingsland’s activity to date has encountered lithium mineralisation within the tenement package, and exploration has commenced to delineate high-grade, pegmatite-hosted lithium mineralisation.

‘We are fortunate to have three excellent projects, but unfortunately as a junior, recently listed company, we can’t get out and drill all at once; we need to prioritise,’ Maddocks explains.

‘In the Northern Territory, we have a good uranium project, and what we believe could be a world-class graphite deposit and outstanding lithium potential in Western Australia.’ 

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