Kingsland reckons it could have a ‘globally significant’ graphite resource at its Leliyn exploration target
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Kingsland has highlighted the potential of its Leliyn project to host a significant flake graphite deposit over 20km of strike with the delivery of an Exploration Target.
The exploration target of between 200Mt and 250Mt grading 8% to 11% total graphitic content for contained graphite of 16Mt to 27Mt was based on historical drilling results, petrographical analysis and field reconnaissance conducted by the company.
While no replacement for a JORC resource estimate, the target does provide a starting point for Kingsland Minerals (ASX:KNG) to carry out further work that will lead to the definition of a Mineral Resource.
“The potential scale of the Leliyn Graphite Project easily qualifies as a globally significant tier one asset in a tier one location,” managing director Richard Maddocks said.
“We are now preparing a drilling program to progress the Leliyn Graphite Project, focussing on a 5km section of the total 20km length of graphitic schists within our tenement package.
“Drilling will initially focus on obtaining samples for metallurgical test-work and estimating a Mineral Resource.”
The Leliyn exploration target is based on a strike length of the graphitic schist unit of 5,000m, depth of 200m, width of 100m and an estimated dry bulk density of 2.5t/m3.
Both the width and depth are based on historical drilling while the length is based on field inspections of outcropping graphitic schist.
The grade range is based on historical TGC assays taken in reverse circulation and diamond core drilling.
Kingsland’s initial exploration will consist of a ground-based electromagnetic survey to provide more accurate locations of the hanging wall and footwall of the graphitic schist to aid in final drill hole planning.
It may also provide information on areas of more intense graphite mineralisation and therefore areas of potential higher grade.
The company will then carry out a program of up to 8,000m of RC and diamond drilling to test the exploration target.
Drilling is expected to begin in late April, early May once government approvals have been received.
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.