Kingsland Minerals shares jump on graphite discovery up to 20km in length

Historical exploration results have revealed a new graphite discovery with assays over 20km and one section indicating true thickness of up to 100m.

The company intends to focus on targeting a mineral resource estimate for the Leliyn project later this year while a comprehensive metallurgical test work program – currently underway – tests the suitability of graphite concentrate for end uses like battery applications.

According to Kingsland Minerals (ASX:KNG) the sampled holes were initially targeting copper and uranium mineralisation and were retrospectively sampled with composite samples from 3m to 13m in length.

The graphite mineralisation was recognised with composite samples taken later to assess the Total Graphitic Carbon (TGC) grade.

While the intervals are by no means complete and are taken from intervals in the hanging wall footwall of the targeted copper or uranium mineralisation, they do confirm significant thicknesses and grades of graphite mineralisation.

‘Significant size and potential’

“We are particularly excited about the potential of the Leliyn Graphite Project,” Kingsland managing director Richard Maddocks says.

“There are significant graphite assays over 20km strike length from historic drilling and a metallurgical bulk sample, collected at surface, has also been submitted for sighter flotation test-work with an assayed head grade of 9.3% TGC.”

Maddocks adds the company is now in the process of designing and obtaining approvals for a drilling program aimed at estimating a mineral resource later in 2023.

“Leliyn is shaping up as a graphite prospect of significant size and grade potential.

“Kingsland is aiming at being well placed to take advantage of forecast increasing demand for graphite for Lithium-ion battery applications.”

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.