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Kingsland Minerals Ltd (ASX:KNG)

ALERT: Price-sensitive ASX Announcement for KNG
Current share price for KNG : $0.046 -0.124 (-72.94%)+
Announcement
Release
22 Sep 2025 9:04AM
Price at Release
$0.170
Full Release
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Summary
Kingsland Minerals Ltd has conducted a robust scoping study for its Leliyn Graphite Project, located in Northern Territory, Australia, indicating it can become a competitive graphite producer globally. The project, involving a 1.5 million tonnes per annum processing plant, requires an initial capital investment of AUD$343 million, with operating costs projected at US$423 per tonne of graphite concentrate. The project design includes an open pit mining model with a favorable strip ratio. The study underscores the potential for optimizations to enhance production while lowering costs, and highlights the need for further drilling to expand resource estimates. Production is expected to commence in 2031.
Key Points
  • Kingsland Minerals Ltd conducted a scoping study for the Leliyn Graphite Project in Northern Territory, Australia.
  • The study indicates that Leliyn can be a globally-competitive graphite producer with low operating costs.
  • The project features a 1.5 million tonnes per annum processing plant with initial capital costs estimated at AUD$343 million.
  • Operating costs (C1) are projected at US$423 per tonne of graphite concentrate, which is competitive globally.
  • The project involves open pit mining with a strip ratio of 0.8:1 (waste:ore) over the life of mine.
  • The scoping study identified potential optimizations to increase production and reduce costs.
  • Graphite pricing is based on Benchmark Mineral Intelligence forecasts, with production starting in 2031.
  • Infrastructure developments include a tailings storage facility and a waste rock facility.
  • The study was based on limited mineral resources and mentions the need for further drilling to increase resource estimates.
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.