Kingsland Minerals (ASX:KNG) has received a strategic investment in the company by Quinbrook Infrastructure Partners. Along with the investment, Kingsland and Quinbrook have also signed agreements for off-take of graphite concentrate and an option for Quinbrook to provide renewable energy to the Leliyn Graphite Project in the NT.
The execution of the agreement with Quinbrook has also secured binding offtake arrangements for the vompany and is a major milestone underpinning the company’s commercial strategy for the development of the Leliyn Graphite Project.
Quinbrook invests across the technology landscape encompassing distributed scale solar PV, onshore wind, battery storage, biomass, fugitive methane recovery, demand response, grid support and flexibility, community energy networks, EV charging and ‘Virtual Power Plants’. Quinbrook has its Australian headquarters in Brisbane. Simultaneously, Quinbrook is investigating the feasibility of locating a downstream processing facility at the Middle Arm Sustainable Development Precinct.
“This is an important development for the company. One of Australia’s largest renewable investment managers, Quinbrook Infrastructure Partners, has recognised the potential of the Leliyn Graphite Project to supply graphite concentrate to the battery market,” Kingsland Minerals Managing Director, Richard Maddocks, said.
“Quinbrook’s expertise and experience in identifying and developing renewable energy projects has been well documented. The strategy to establish a vertically integrated graphite mining and processing hub is also underpinned by the provision for offtake and renewable energy supply agreements with Quinbrook.
“We are pleased to have Quinbrook on our register as a cornerstone investor and look forward to working with them to develop Australia’s largest graphite project. I’d like to welcome Robert Johansen, Senior Director, Minerals at Private Energy Partners, Quinbrook’s development affiliate, to the Kingsland board.”
Quinbrook’s critical resources strategy has an exclusive Australian focus investing in small critical minerals mining companies to advance their mineral resource investigations to a point where these companies can enter into supply agreements with down-stream refining operators. The strategy targets resources required in the production of solar panels and batteries and other assembly components of renewables equipment.
