These final assays include:
- 160m @ 5.6% total graphitic carbon (TGC) from 36m;
- 43m @ 9.9% TGC from 206m; and
- 94m @ 7.4% TGC from 30m, including 14m @ 11.53% TGC from 32m.
The results will be added to the maiden resource set to take place in Q1 2024.
“These results underpin the considerable upside for Leliyn to develop into a globally significant graphite deposit,” KNG managing director Richard Maddocks says.
“Estimation of the maiden resource and metallurgical test-work are both well underway with results expected during the March 2024 quarter.
“These two key milestones have immense potential to develop Leliyn into an important critical minerals project in the Northern Territory.”
All assay results have been received and passed on to independent geologists to complete the maiden resource, which will be based on only 5km of 20km outcropping graphitic schist.
Planning is now commencing for the 2024 drilling program.
This program will infill the current drilling to allow the upgrading of the resource classification to indicated.
An indicated resource is required for more detailed analysis of the economic viability of the project. In addition, diamond drill core will be collected to provide material for more metallurgical test work.
