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Kingsland’s big uranium and lithium hunt is on
Mining
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In early September, Kingsland Minerals will launch into a highly anticipated 4,700m drilling program at the Cleo uranium project in the NT.
Recently listed explorer Kingsland (ASX:KNG) is hunting for future facing commodities like uranium, nickel, lithium and cobalt, all in the tier 1 Australian jurisdictions.
Its five projects across the NT include Cleo (uranium), Allamber (copper), Shoobridge (uranium, lithium, and gold), Woolgni (gold) and Mt Davis (copper and gold).
KNG also has the Lake Johnston nickel, lithium and cobalt project in WA, 36km from the Emily Ann and Maggie Hays nickel deposits and Lake Johnston concentrator owned by Poseidon Nickel (ASX:POS).
Following the success of the IPO, KNG has been busy preparing for an exciting exploration campaign across its projects, says managing director Richard Maddocks.
“Our focus has been on progressing the drilling program at the Cleo Uranium project on the Allamber tenements near Pine Creek in the Northern Territory. Preparatory work has also been completed on the Western Australia project at Lake Johnston,” he says.
“Directors have conducted site visits to Pine Creek to secure contractors and facilities to expedite the drilling campaign at Cleo and we’ve also started work on our Lake Johnston Project which has uncovered the potential for pegmatites in historical drilling.
“Shareholders can look forward to exciting times as we push ahead with our maiden exploration efforts.”
Target #1: the Cleo uranium project
At Cleo, the upcoming drill program of 3,800m of RC drilling and 900m of diamond core drilling will target broad, high-grade zones of uranium mineralisation.
KNG is hoping to achieve three things with this initial program; one – confirm uranium widths and grade in historical drilling, two – extend known mineralisation, and three – get important geological info so a thorough geological interpretation and model can be generated.
RC drilling is scheduled to kick off in the first week of September with the program completed about four to five weeks later.
Assays will take longer to be returned with most expected to be received towards the end of the December quarter.
LIDAR (light detection and ranging) aerial surveys – which provide a very high-resolution digital terrain model – will be flown over the Cleo uranium project and the nearby Allamber copper project and Woolgni gold project.
These will be used to aid in drill planning and to provide an accurate topographical survey for future mineral resource estimation.
Exploring next door to Australia’s next lithium miner
Meanwhile, the Shoobridge project is being assessed for the potential to host pegmatites.
Historical mining immediately to the south of the tenement focused on tin and tantalum from pegmatites within the Shoobridge pegmatite field.
In April, Core Lithium (ASX:CXO) announced the purchase of tenement EL31407 covering these pegmatites, right next door to Shoobridge.
KNG has commenced the exploration for pegmatites by assessing available geophysical datasets for geological and structural information. A LIDAR survey will also be flown.
More lithium prospectivity at Lake Johnson
RC drilling completed in 2004 at Lake Johnson was targeting nickel and cobalt with 11 holes drilled totalling 1,120m.
KNG recently re-assessed the historical drill logs and has found three of the 11 holes drilled had pegmatites logged within them.
Assaying was targeting nickel and cobalt mineralisation so no assaying for lithium, caesium, tantalum or other relevant elements was completed, KNG says.
The drill spoil piles are still visible in the ground and Kingsland intends to re-assay these for indications of lithium mineralisation.
Geochemical surveys of the area are also being planned to test for LCT (lithium-caesium-tantalum) pegmatite pathfinder elements.
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.
