Kingsland Minerals (ASX: KNG) has unveiled a substantial Mineral Resource Estimate (MRE) for its Leliyn Graphite Project in the Northern Territory, marking a significant stride in the evolution of Leliyn into a major critical minerals project.
Richard Maddocks, managing director of Kingsland Minerals, expressed his satisfaction with the maiden MRE at Leliyn, “We are very pleased with the maiden MRE at Leliyn. In less than 12 months Kingsland Minerals has delineated the largest graphite deposit in Australia and one of the largest in the world.”
The MRE is estimated to include an enormous 194,600,000t at a grade of 7.3% TGC, translating to 14,200,000t of contained graphite. This estimate was derived within constraining wireframe solid envelopes defined above a nominal 3% TGC cut-off and encompasses all blocks within the defined mineralization envelope.
The discovery catapults Leliyn to the forefront as Australia’s largest graphite deposit, based on contained graphite. Additionally, the MRE is based on just 4km of the 20km outcropping graphitic schist, hinting at the immense potential for further discoveries.
Kingsland is also currently undertaking metallurgical test-work to validate the commercial grade of the concentrate. This pivotal work, in conjunction with the MRE, forms the bedrock for the development of the Leliyn project.
Furthermore, Kingsland Minerals is set to commence infill drilling in the June 2024 quarter, which will bolster confidence in the geological continuity and metallurgical characterization of the deposit.
“The demand for graphite is only going to increase and Kingsland is very well placed to develop Leliyn into a globally significant graphite project. The initial metallurgical test-work is progressing and this, along with the MRE, are important initial steps in developing Leliyn into an important critical minerals project in the Northern Territory.” Added Richard.
To read more about this, please visit www.kingslandminerals.com.au
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