Kingsland Minerals (ASX:KNG) is in the final stages of a Scoping Study for the Leliyn Graphite Project in the Northern Territory, where consideration for a mining and onsite processing facility is being assessed.
The study due to be completed this quarter, as well as testwork to produce purified, spherical graphite is also being finalised. The Scoping Study contemplates a 1 million tonnes per year mine and processing facility producing graphite concentrate.
Currently, the size of the mine and processing facility is limited by the amount of indicated mineral resources.
Kingsland, which has a market capitalisation of $10.88 million, says these milestones will progress Leliyn to the next phase of development. Depending on the outcome, the company will conduct more drilling to expand the indicated resources.
The company notes this will provide flexibility in considering upscaling the size of the mine and processing plant.
Upon completion, a higher confidence Prefeasibility Study (PFS) into producing graphite concentrate at Leliyn will begin.
In conjunction, Kingsland will provide results to Quinbrook Infrastructure Partners to investigate a processing facility at Darwin to process Leliyn graphite concentrate into purified, spherical graphite. This will likely proceed in line with the PFS.
Leliyn has an inferred resource of 194.6 million tonnes @ 7.3% total graphitic carbon based on only 4km of the 20km graphitic schist.
Kingsland Minerals is an Australian graphite explorer and developer focused on its three projects in the Northern Territory.
Write to Aaliyah Rogan at Mining.com.au
Images: Kingsland Minerals
