Kingsland has good reason to believe that it will be able to convert part of the Exploration Target at its Leliyn graphite project into a maiden resource after drilling continued to return extremely wide, high-grade intersections.

Notable results from the second batch of assays are 137m grading 7.3% total graphitic carbon (TGC) from a down-hole depth of 12m including 47m at 10.9% TGC from 69m (LERC_13) and 139m at 7% TGC from 9m including 63m at 10% TGC from 107m (LERC_14).

These follow on the first batch of assays returning results such as 45m at 9% from surface, 28m at 11.1% from 55m, and 25m at 10.1% also from surface.

Importantly for Kingsland Minerals (ASX:KNG), the results are in line with the Leliyn Exploration Target of between 200Mt and 250Mt grading 8% to 11% TGC, or between 16Mt and 27Mt of contained graphite.

“This second batch of assays provides more compelling evidence that we have a major graphite discovery at Leliyn,” managing director Richard Maddocks said.

“The widths are exceptional, the grades are high and the mineralisation runs from surface.

“These intersections are within the Exploration Target area and show that the tonnage potential of the project is considerable, especially considering we are only exploring 5km of the 20km graphitic schist unit.”


Graphite drilling

Kingsland completed 31 reverse circulation holes totalling 3,240m and four diamond core holes for 819m with a focus on the eastern and western parts of the Exploration Target area.

This intersected wide zones of graphitic schist containing the graphite mineralisation and also uncovered several relatively narrow granitic dykes that have been interpreted to run parallel to the schistosity.

Diamond drilling is continuing with a fifth hole currently underway to drill through the southern contact of the graphitic schist.



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.