{"id":4197,"date":"2024-01-10T01:54:13","date_gmt":"2024-01-10T01:54:13","guid":{"rendered":"https:\/\/economicherald.net\/?p=4197"},"modified":"2024-01-10T01:54:13","modified_gmt":"2024-01-10T01:54:13","slug":"graphite-focused-kingsland-minerals-has-tripled-the-size-of-its-lake-johnston-lithium-tenure","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=4197","title":{"rendered":"Graphite-focused Kingsland Minerals has tripled the size of its Lake Johnston lithium tenure"},"content":{"rendered":"<p>Kingsland Minerals increases prospective Lake Johnston lithium tenure to +620km2<br \/>\nSoil sampling in the area to resume imminently as search continues for lithium-bearing pegmatites<br \/>\nMaiden graphite resource for flagship Leliyn project in Northern Territory still on track for this quarter<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: Kingsland Minerals has tripled its tenure in the emerging Lake Johnston lithium province while it remains focused on delivering a maiden resource for its flagship Leliyn graphite project later this quarter.<\/strong><\/p>\n<p>The Lake Johnston greenstone belt has become the latest lithium hotspot in Western Australia following exploration success by the likes of <a href=\"https:\/\/stockhead.com.au\/company\/tg-metals-tg6\/\">TG Metals (ASX: TG6)<\/a> and a potential investment of up to $42.5 million from mining giant <a href=\"https:\/\/stockhead.com.au\/company\/rio-tinto-rio\/\">Rio Tinto (ASX: RIO)<\/a> in prospective ground held by <a href=\"https:\/\/stockhead.com.au\/company\/charger-metals-chr\/\">Charger Metals (ASX: CHR)<\/a>.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/kingsland-minerals-kng\/\">Kingsland Minerals (ASX: KNG)<\/a> now controls more than 620km2 along the western fringes of the greenstone belt after picking up a suite of tenements which were previously tested for nickel and gold, but not lithium.<\/p>\n<p>The new acquisitions are located immediately south of KNG\u2019s existing E63\/2068 tenement in the Lake Johnston area, about 150km west of Norseman.<\/p>\n<p>According to KNG managing director Richard Maddocks, E63\/2068 was originally acquired for its nickel prospectivity and while that still remains an exploration target, the discovery of lithium-bearing pegmatites in the Lake Johnston area encouraged the company to expand its ground holding.<\/p>\n<p>\u201cKingsland has strong evidence of lithium mineralisation within our tenement package and exploration has commenced to delineate high-grade, pegmatite-hosted lithium mineralisation,\u201d Maddocks said.<\/p>\n<p>\u00a0<\/p>\n<p>Kingsland has acquired a suite of prospective lithium tenements to the south of its existing EL63\/2068 licence in the Lake Johnston area. Source: KNG<\/p>\n<p>\u00a0<\/p>\n<h2>Lithium potential never previously tested<\/h2>\n<p>Historical drilling by Western Areas \u2013 acquired by <a href=\"https:\/\/stockhead.com.au\/company\/igo-limited-igo\/\">IGO (ASX: IGO)<\/a> 18 months ago \u2013 intersected pegmatites up to 44m in thickness adjacent to logged mafic units.<\/p>\n<p>Assaying at the time was purely focused on nickel, so its potential for lithium or associated elements have never been tested.<\/p>\n<p>KNG recently sent selected samples of pegmatitic intervals recovered from those historical drill spoils for re-assaying. Highlights from this program included 5m composite samples of 75ppm Li2O from 93-98m and 278ppm Li2O from 98-103m in hole LPRC007.<\/p>\n<p>Hole LPRC008 also returned 136ppm Li2O from 44-48m despite this interval not being logged as pegmatitic in historical data.<\/p>\n<p>KNG cautioned this sampling and re-assaying program was \u201cnot comprehensive\u201d and is only being used to indicate the presence of anomalous lithium.<\/p>\n<p>Historic exploration over the new tenement applications was primarily focused on gold and limited to sparse soil sampling and some scattered aircore and RAB drilling.<\/p>\n<p>\u00a0<\/p>\n<p>Previous drilling on Kingsland\u2019s tenements was focused on nickel and gold. Source: KNG<\/p>\n<p>\u00a0<\/p>\n<h2>Lithium search to resume but graphite still top priority<\/h2>\n<p>KNG began a soil sampling program on its Lake Johnston tenements in early December, beginning north of E63\/2068, before exploration efforts were curtailed by bushfires in the area.<\/p>\n<p>Samples collected to date have been submitted for assay with results expected in the coming weeks. Exploration work is also set to resume imminently.<\/p>\n<p>Meanwhile, KNG remains on track to deliver a maiden resource for its <a href=\"https:\/\/stockhead.com.au\/resources\/final-pieces-coming-together-for-kingslands-maiden-resource-at-the-leliyn-graphite-project\/\">flagship Leliyn graphite project in the Northern Territory<\/a> later this quarter.<\/p>\n<p>The company\u2019s exploration target for the project is 200-250Mt @ 8-11% TGC for contained graphite of 16-27Mt, based on a graphitic schist measuring 5km long, 200m deep and 100m wide.<\/p>\n<p>KNG believes there is also significant exploration potential within the remaining 15km of graphitic schist at Leliyn.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Kingsland Minerals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/graphite-focused-kingsland-minerals-has-tripled-the-size-of-its-lake-johnston-lithium-tenure\/\">Graphite-focused Kingsland Minerals has tripled the size of its Lake Johnston lithium tenure<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Kingsland Minerals increases prospective Lake Johnston lithium tenure to +620km2 Soil sampling in the area to resume imminently as search continues for lithium-bearing pegmatites Maiden <a href=\"https:\/\/economicherald.net\/?p=4197\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":4198,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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