Kingsland Minerals Limited (ASX:KNG) is proud to announce a significant milestone in the development of its Leliyn Graphite Project in the Northern Territory, marking a transformative year for the company. The recently completed maiden Mineral Resource Estimate has confirmed Leliyn as the largest graphite deposit in Australia, and one of the largest globally, with an inferred resource of over 194 million tonnes at 7.3% Total Graphitic Carbon (TGC). This represents a significant achievement for Kingsland, further positioning the company as a key player in the global supply of critical minerals.
Throughout the year, we also achieved substantial progress in metallurgical test work, with flotation tests producing graphite concentrates with grades exceeding 94% TGC and recoveries of over 80%. These excellent results demonstrate Leliyn's potential to produce high-quality graphite for the rapidly growing lithium-ion battery market. Importantly, the test work has laid the foundation for further optimization and a bulk sample to produce purified spherical graphite, a key precursor for battery anodes.
Looking ahead, we have planned additional drilling to upgrade the inferred resources and advance metallurgical testing to further refine our processing capabilities. These efforts will culminate in a scoping study to assess the economic viability of establishing a flake graphite production facility in the Northern Territory, marking a major step forward for the project.
We extend our gratitude to our shareholders for their unwavering support during these challenging market conditions. With Leliyn’s excellent growth prospects and Kingsland’s strong position in the critical minerals space, we are excited to continue unlocking value for all stakeholders in the year ahead.
Richard Maddocks Bruno Seneque
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Great progress on the Shaakichiuwaanaan Project! Producing battery-grade lithium hydroxide is a significant milestone. It's like hitting a home run in the lithium game. Keep up the good work! ⚡🔋