Kingsland drills high-grade graphite as Leliyn advances toward battery market

Kingsland Minerals Ltd. ( (AU:KNG) ) has shared an update.

Kingsland Minerals has reported strong assay results from three metallurgical diamond drill holes at its Leliyn Graphite Project, with long intersections grading around 9–10% total graphitic carbon from or near surface, within the existing scoping study pit design. The program has delivered 6,000kg of material for pre-feasibility metallurgical test work, underpinning efforts to optimise processing parameters and support a potential upgrade to the project’s mineral resource.

Samples from Leliyn will also be provided to offtake partner Quinbrook, which plans to test the graphite’s suitability for production of battery anode material in Australia, reinforcing the project’s alignment with the domestic energy transition supply chain. Kingsland has secured approvals for an extensive infill drilling campaign of up to 140 holes and finalised a detailed PFS metallurgical test work proposal, steps that collectively strengthen the project’s development outlook and may enhance its strategic positioning in the graphite market.

The most recent analyst rating on (AU:KNG) stock is a Hold with a A$0.08 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 Australian exploration and development company focused on graphite, with its flagship Leliyn Graphite Project in the Northern Territory. The company is targeting the growing battery supply chain by producing graphite concentrate that can be further refined into purified, spherical graphite for use in lithium-ion battery anodes, supported by a binding offtake agreement with Quinbrook.

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Technical Sentiment Signal: Sell

Current Market Cap: A$7.25M

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