• Kingsland Minerals rounds out the initial drilling program at Leliyn with all assays now received
  • These final results will be added to upcoming resource estimate set to release in early 2024
  • Planning is underway for an infill drilling program to allow for the upgrading of resources to indicated status

 

Special Report: These results wrap up the combined 7,800m reverse circulation and diamond drilling program carried out on the Leliyn graphite project as Kingsland prepares for the next stage of development in 2024.

More “outstanding” intersections have been received from Kingsland Minerals’ (ASX:KNG) Leliyn graphite project in the Northern Territory, building on previous assays that demonstrate both scale and high-grade potential.

These final assays include:

  • 160m @ 5.6% total graphitic carbon (TGC) from 36m;
  • 43m @ 9.9% TGC from 206m; and
  • 94m @ 7.4% TGC from 30m, including 14m @ 11.53% TGC from 32m.

The results will be added to the maiden resource set to take place in Q1 2024.

 

Upcoming milestones set to drive Leliyn to new heights

“These results underpin the considerable upside for Leliyn to develop into a globally significant graphite deposit,” KNG managing director Richard Maddocks says.

“Estimation of the maiden resource and metallurgical test-work are both well underway with results expected during the March 2024 quarter.

“These two key milestones have immense potential to develop Leliyn into an important critical minerals project in the Northern Territory.”

All assay results have been received and passed on to independent geologists to complete the maiden resource, which will be based on only 5km of 20km outcropping graphitic schist.

 

Focus shifts to 2024 planning

Planning is now commencing for the 2024 drilling program.

This program will infill the current drilling to allow the upgrading of the resource classification to indicated.

An indicated resource is required for more detailed analysis of the economic viability of the project. In addition, diamond drill core will be collected to provide material for more metallurgical test work.

 

 

 

This article was developed in collaboration with Kingsland Minerals, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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