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Kingsland Minerals Ltd. ( (AU:KNG) ) has shared an update.
Kingsland Minerals has clarified an earlier announcement on its Leliyn graphite project, adding JORC Table 1 information and timing for assay results, and updating disclosure language around its production target. The company confirmed that its binding offtake partner Quinbrook will test diamond drill core from Leliyn as potential feedstock for a planned Darwin downstream processing plant producing spherical graphite for lithium batteries, while Kingsland’s board has approved the start of a pre-feasibility study and completed a metallurgical drilling program aimed at upgrading a substantial portion of the project’s inferred resources, underscoring its ambition to establish Leliyn as a large-scale, long-life graphite operation with a nearby processing and offtake solution.
The most recent analyst rating on (AU:KNG) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Kingsland Minerals Ltd. stock, see the AU:KNG Stock Forecast page.
More about Kingsland Minerals Ltd.
Kingsland Minerals Ltd is an ASX-listed resources company focused on developing the Leliyn graphite project in the Northern Territory, targeting production of graphite concentrate for downstream processing into spherical graphite used in lithium-ion batteries. The company is positioning itself within the battery materials supply chain through a binding offtake agreement with energy transition-focused group Quinbrook, which plans to process Leliyn graphite at a proposed facility in Darwin.
Average Trading Volume: 201,160
Technical Sentiment Signal: Sell
Current Market Cap: A$8.7M
For detailed information about KNG stock, go to TipRanks’ Stock Analysis page.