Kingsland Minerals (ASX:KNG) has received ‘exceptional’ assays with ‘strong’ grades demonstrating gallium potential at the Leliyn Graphite Project in the Northern Territory, Australia.
The $13.70 million market capitalisation company reports gallium (Ga) intersections include drillhole LEDD_05 with 266m @ 15g/t Ga; drillhole LERC_13 with 150m @ 18.9g/t Ga; and drillhole LERC_10 with 150m @ 21.1g/t Ga.
These results outline the potential to enhance the economics of the ‘large-scale’ Leliyn discovery.
Commenting on the gallium results, Kingsland Minerals Managing Director Richard Maddocks says: “The discovery of significant gallium at Leliyn is potentially very significant. Gallium is a critical element and may provide a potentially valuable by-product from the development of the Leliyn Graphite Project.
Our prime focus remains graphite but we will include gallium in the upcoming metallurgical testwork to begin to assess the viability of extracting it from the graphitic schist.”
Leliyn is emerging as a major graphite discovery, with mineralisation intersected over a 5km corridor.
Kingsland Minerals is an ASX-listed exploration company with assets in the Northern Territory and Western Australia. As of 30 June 2023, the company had $5.2 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: Kingsland Minerals