Kingsland Minerals’ (ASX:KNG) Lake Johnston is just 60km from Covalent Lithium’s Mt Holland mining operation and 50km from MinRes’s (ASX:MIN) recently acquired Lake Johnston nickel mine which includes a 1.5Mtpa concentrator.
MinRes wants to create a lithium hub in the region, converting the concentrator to process fines from its Bald Hill and Mt Marion lithium operations. Surrounding explorers, like Kingsland, could benefit.
Covering more than 770km2 along the western fringes of the Lake Johnston Greenstone Belt, KNG’s landholding is one of the largest in the Lake Johnston region.
Soil sampling recommenced on the E63/2068 tenement in February 2024 to complete the program initiated late last year. The initial sample spacing of 500x200m was widened to 1,000X200m in the second phase of works to expedite the program.
Results show a continuous, high-grade >100ppm Li2O anomalies and a series of higher-grade >200ppm Li2O anomalies to the north extending into E15/2065, a recent tenement application.
“These additional soil sampling results highlight the excellent lithium potential on our extensive tenement holding at Lake Johnston,” KNG managing director Richard Maddocks says.
“We now have drilling approvals in place to test these anomalies in the coming months, and once our recent tenement applications are granted, exploration will extend along strike to the north and south to fully test the lithium potential of this project.”
Across to the NT, KNG is also focused on advancing Australia’s largest graphite deposit – the world-class Leliyn project.
The company recently delivered a maiden resource of 194.6Mt @ 7.3% TGC for 14.2Mt of contained graphite.
Metallurgical test-work is ongoing to confirm commercial grade concentrate with initial data indicating recoveries of 93-95% @ grades of ~90% TGC, implying a marketable graphite concentrate of >94%.
