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An announcement from Kingsland Minerals Ltd. ( (AU:KNG) ) is now available.
Kingsland Minerals has launched a major soil sampling campaign at its Lake Johnston Lithium Project in Western Australia to expand known high-grade lithium anomalies across most of the 890 km² tenement. The new grid-based program will systematically cover the project area, building on earlier sampling that delineated significant lithium anomalies and suggested the presence of a hard rock lithium source.
Historic drilling in 2008 targeting nickel intersected pegmatite dykes, but lithium was not assayed, leaving considerable upside for re-evaluation under the current lithium-focused exploration strategy. The expanded work program is aimed at defining more robust drill targets, which could enhance Kingsland’s position within a proven lithium belt and potentially increase the project’s strategic value for investors and the broader battery minerals sector.
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 company focused on discovering and developing mineral resources, with a current emphasis on lithium and nickel targets. The company’s Lake Johnston Lithium Project in Western Australia lies within the Lake Johnston Greenstone Belt, a well-recognised district for hard rock lithium and nickel mineralisation.
Average Trading Volume: 135,507
Technical Sentiment Signal: Sell
Current Market Cap: A$7.97M
See more data about KNG stock on TipRanks’ Stock Analysis page.