Kingsland Minerals Advances Leliyn Graphite Project with $2.16M Capital Boost
Kingsland Minerals has completed a pivotal scoping study for its Leliyn Graphite Project, confirming high-grade purified spherical graphite production potential. The company also secured $2.16 million through a placement and share purchase plan and has commenced a pre-feasibility study.
- Completion of Leliyn Graphite Project scoping study confirming 99.97% purified spherical graphite
- Successful $2.16 million capital raise via placement and share purchase plan
- Metallurgical drilling program completed, supporting ongoing test work
- Pre-feasibility study (PFS) for Leliyn underway following board approval
- Downstream processing test work progressing with partner Quinbrook
Scoping Study Validates High-Grade Graphite Potential
Kingsland Minerals (ASX, KNG) has marked a significant milestone with the completion of its scoping study for the Leliyn Graphite Project in the Northern Territory. The study confirmed the project's ability to produce high-grade purified spherical graphite (PSG) with a remarkable purity of 99.97% graphitic carbon, surpassing typical battery-grade specifications. This positions Leliyn as a promising supplier for the growing electric vehicle and energy storage markets.
The scoping study envisages an open-pit mining operation supported by a 1.5 million tonnes per annum processing plant employing flotation recovery techniques. The mineral resource underpinning the study totals 192.5 million tonnes at 7.3% total graphitic carbon, containing approximately 14 million tonnes of graphite. Notably, only 23% of the known strike length has been drilled, suggesting considerable upside potential for resource expansion.
Capital Raising Strengthens Financial Position
During the December quarter, Kingsland successfully raised A$2.16 million through a combination of a placement and a share purchase plan (SPP), priced at A$0.12 per share. Major shareholders Quinbrook Asset Management and Bacchus Resources increased their stakes, reinforcing confidence in the project’s prospects. The funds are earmarked to advance exploration and development activities at Leliyn and support general working capital needs.
Advancing Technical Studies and Drilling Programs
The company completed a metallurgical diamond drilling program, collecting PQ-sized core samples to support detailed test work. These samples are currently undergoing analysis to refine processing parameters and assess by-product potential, including gallium and rutile extraction. Concurrently, Kingsland has commenced a pre-feasibility study (PFS) following board approval, which will focus on upgrading inferred mineral resources to indicated or measured categories through a planned 2026 drilling campaign.
Downstream processing test work is underway in partnership with Quinbrook, targeting the conversion of graphite concentrate into purified spherical graphite suitable for battery anodes. This collaboration includes plans for a processing facility in Darwin, aligning with the PFS timeline.
Environmental and Regulatory Progress
With the scoping study complete, Kingsland is preparing to initiate formal environmental assessments in 2026. These will encompass flora and fauna surveys, hydrological studies, and other baseline investigations essential for regulatory approvals. Engagement with the Northern Land Council continues as part of the mining lease application process, reflecting the company’s commitment to responsible development.
Looking Ahead
Kingsland Minerals is steadily advancing the Leliyn Graphite Project through critical development phases, supported by robust technical data and strengthened financial backing. The upcoming months will be pivotal as assay results from metallurgical drilling emerge and the pre-feasibility study progresses, shaping the project's pathway toward potential production.
Bottom Line?
Kingsland’s next steps in resource upgrading and downstream processing will be crucial in defining Leliyn’s commercial viability and market positioning.
Questions in the middle?
- When will assay results from the metallurgical drilling program be released, and what impact might they have on processing plans?
- How will the pre-feasibility study address potential scale-up challenges and capital requirements for the Leliyn project?
- What are the timelines and prospects for securing environmental approvals and mining leases to advance development?
