Kingsland’s maiden drilling program at the Leliyn graphite project is underway, comprising 2,000m of RC and 1,200m of diamond drilling.
At this stage, the program is targeting a 100m wide graphitic schist unit, which was delineated by a ground electro-magnetic (EM) survey earlier in the year.
As well as setting out to confirm grade and thickness, the program aims to provide core samples for a comprehensive metallurgical test work program where the focus will be on upgrading the exploration target to a mineral resource.
Kingsland Minerals (ASX:KNG) says reverse circulation (RC) drilling has commenced with diamond drilling to start in about two weeks.
Huge potential
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 potential scale of Leliyn easily qualifies as a globally significant tier one asset in a tier one location and 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”.
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.