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Colin Hay

Kingsland Minerals (ASX:KNG) has unveiled a new Exploration Target featuring globally significant graphite resource of 194.6Mt @ 7.3% Total Graphitic Carbon (TGC) for 14.2Mt of contained graphite for the Leliyn Graphite Project in the Northern Territory.

The company also revealed its has obtained outstanding initial metallurgical testwork of +94% TGC concentrate.

The updated Exploration Target encompasses the 12km strike length of graphitic schists to the north of the existing Mineral Resource Estimate. It does not include the existing JORC 2012 Inferred Mineral Resource of 194.6Mt @ 7.3% TGC containing 14.2Mt of graphite.

Managing Director, Richard Maddocks, said Leliyn is Australia’s largest graphite deposit.

“This updated Exploration Target has been estimated now we have confirmation Leliyn can produce a fine flake concentrate of commercial grade, >94% TGC. This Exploration Target confirms the exceptional scope of Leliyn to become one of the world’s largest graphite deposits. We will continue to undertake metallurgical test work to optimise graphite concentrate properties and have commenced discussions with strategic end users and

The updated Exploration Target has been based on historical exploration, sampling and assaying that has delineated graphite mineralisation. Exploration completed by Kingsland in 2023 has led to the estimation of an Inferred Mineral Resource. This resource also provides justification for the Exploration Target. Within the Mineral Resource area the graphite mineralisation is generally continuous along strike with a relatively consistent width. Metallurgical test-work has confirmed the presence of fine flake graphite with the resultant flotation concentrate grading >94% TGC.

Additional exploration drilling, similar to what has been completed by Kingsland, and pending success in delineating graphite mineralisation, is expected to enable the Exploration Target, or part thereof, to be re-classified as Mineral Resources. The current Mineral Resource has been drilled at an average drill spacing of 150m-350m.

Historic exploration to the north of the current Leliyn Inferred Mineral Resource was carried out by Aztec Mining (1992-1995) and Thundelarra Exploration (2011-16). The target of this historical exploration was copper and base metal mineralisation hosted in graphitic schists and meta- sediments of the Mundogie Formation

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