Resourcing the Territory - Drilling Collaborations program Leliyn Graphite Project EL 31960, EL 32152

Abstract

Kingsland Minerals is the 100% owner and operator of the larger Allamber Project located about 50km north-west of Pine Creek in the Northern Territory. Historical exploration in this area has focussed on base metals and, more recently, uranium. Historical mapping and drilling has delineated a sequence of graphitic schists on the contact of the Cullen granite intrusive and sediments of the Masson Formation. The presence of these graphitic schists has been known for some time but exploration targeting graphite mineralisation has only been considered recently. A renewed focus on graphite as a battery mineral rather than an industrial commodity has increased exploration and development interest worldwide as the demand for electric vehicles in forecast to grow. Kingsland Minerals, whilst exploration for uranium in 2022, recognised the potential for a world class graphite deposit so changed focus to assess this potential. A drilling program targeting graphite was designed and a successful application for the Resourcing the Territory Drilling Collaborations co-funding grant was submitted. Drilling commenced in May 2024 and was successful in intersecting many high grade, wide intervals of graphite mineralisation. At the time of writing this report a Mineral Resource Estimation has commenced and metallurgical test-work is progressing on assessing the initial viability of extracting graphite concentrate from the graphitic schist. Additional drilling is also being planned for 2024.