Kingsland Minerals embarks on 3,200m RC and diamond drilling at Leliyn graphite project in the Northern Territory
With government approvals received and drill rigs mobilising to site, Kingsland Minerals is ready to begin drilling at the Leliyn graphite project in the next two to three weeks.
An initial program of 2,000m of reverse circulation (RC) drilling and 1,200m of HQ size diamond core drilling will target graphitic schists which extend for 20km within the Kingsland (ASX:KNG) tenement holding.
The initial program will target a small strike length of the total extent of graphitic schist and the diamond core will provide material for metallurgical test-work.
KNG managing director Richard Maddocks says the company believes Leliyn has the potential to be a very large graphite deposit, with electromagnetic results supporting its view of what could be a very large system.
“The upcoming drill program marks the start of our strategy to establish a JORC resource,” Maddocks says.
“The outlook for graphite is very strong due to growing demand from the lithium battery industry and a large Australian deposit would be particularly valuable as the western world looks to source graphite from outside China”.
A ground Electro-Magnetic (EM) survey recently commenced and has provided extremely positive results.
The graphitic schist unit is easily defined by its EM response, and this has been used to finalise drilling collar locations.
Additional lines will be surveyed in coming weeks to provide an accurate location of the prospective graphitic schist unit along several kilometres of strike length.
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.