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An announcement from Kingsland Minerals Ltd. ( (AU:KNG) ) is now available.
Kingsland Minerals Ltd has made significant progress in the development of its Leliyn graphite project over the past year. The company completed an infill drilling program, announced an indicated mineral resource, and engaged GR Engineering Services to design a processing facility. The scoping study results indicated competitive operating costs, and the production of high-grade graphite for battery use was confirmed. With Quinbrook Infrastructure Partners acquiring a 15.3% stake, the company is poised for future growth as it moves towards a pre-feasibility study to further optimize the project.
More about Kingsland Minerals Ltd.
Kingsland Minerals Ltd is involved in the mining industry, focusing on the development of graphite projects. Their primary project is the Leliyn graphite project, which aims to produce graphite concentrates and purified, spherical graphite for high-quality battery use. The company is strategically positioned to benefit from the growing demand for renewable energy infrastructure and its associated raw materials.
Average Trading Volume: 156,266
Technical Sentiment Signal: Hold
For an in-depth examination of KNG stock, go to TipRanks’ Overview page.