Kingsland Minerals Ltd (ASX:KNG)

ALERT: Price-sensitive ASX Announcement for KNG

Current share price for KNG : $0.065 -0.004 (-5.80%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Jul 2026 10:03AM

Price at Release

$0.069

Full Release

Summary

Kingsland Minerals Ltd released its June 2026 quarterly activities and cash flow report, highlighting significant progress in their projects. The company completed a substantial soil sampling program at the Lake Johnston lithium project in Western Australia, confirming significant lithium anomalies. Gallium recovery tests at the Leliyn Graphite Project achieved high recovery rates up to 94%, indicating gallium's potential as a valuable by-product. Following the quarter, the company received an R&D tax refund of $809,000 for expenditures related to the financial year ending June 30, 2024. Cash at the end of the quarter was $458,000, with detailed cash flows indicating an overall outflow in operations and investments while financing activities provided a net inflow. The company's focus remains on further exploration and development of its assets in the Northern Territory and Western Australia.

Key Points

Completed soil sampling at Lake Johnston confirming lithium anomalies.
High gallium recovery rate at Leliyn Graphite Project.
Received R&D tax refund of $809,000 post-quarter end.
End of quarter cash balance at $458,000.
Continued focus on exploration in Northern Territory and Western Australia.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.