Kingsland Minerals kicks off infill drilling to boost Leliyn graphite resource confidence

Kingsland Minerals starts infill drilling to upgrade Leliyn resource to the indicated category
Higher confidence resource will underpin scoping study into production of flake graphite concentrate
Production of bulk graphite concentrate sample for conversion into purified spherical graphite nearly complete

Special Report: With its Leliyn project in the NT already holding the title of Australia’s largest graphite deposit, Kingsland Minerals has now kicked off a drill program to increase resource confidence.

The ~3000m infill drill program will focus on only a 600m length strike within the Inferred Resource of 194.6Mt grading 7.3% total graphitic carbon (TGC), or 14.2Mt of contained graphite, inferred resource to take it into the higher confidence indicated category.

Integrated resources possess enough certainty to enable mine planning and will underpin the planned scoping study into the economic viability of producing flake graphite concentrate at Leliyn.

Kingsland Minerals (ASX:KNG) move to start drilling follows on its receiving a $2.56m investment at a 22% premium from Quinbrook Infrastructure Partners – a ‘value add’ investment manager with a specialist focus on the energy transition that is now a major shareholder in the company.

The company notes that Quinbrook’s involvement, which includes an agreement to buy all graphite produced at the project, provided additional impetus for progressing mining studies and the development of downstream graphite processing facilities in Darwin.

Plan view showing 2023 holes in white and proposed holes in red. Pic: Kingsland Minerals

Drill program

Holes in the infill drilling program will have an average depth of ~100m and will be spaced about 50m apart.

This will enable the estimation of an indicated resource for the scoping study.

Initial metallurgical test work completed during 2023 has already proved a graphite concentrate of 94% TGC can be produced from Leliyn mineralisation.

KNG is also close to completing a bulk graphite concentrate sample that will be further tested at a facility in Germany for the production of purified spherical graphite, a pre-cursor for graphite anode material used in electric vehicle and storage batteries.

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.