KNG: Annual Report to shareholders
Original announcement by asx on
- Company
- Kingsland Minerals Ltd
- Ticker
- KNG
- Exchange
- ASX
- Region
- Northern Territory
- Primary commodity
- Graphite
- Secondary commodities
- Lithium, Gallium, Rutile
- Document categories
- Drill results, Resource update, Metallurgy
- Extracted
- 2026-09-30 08:31:58 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Kingsland Minerals Ltd reported significant progress in its 2026 Annual Report, highlighted by the advancement of the Leliyn Graphite Project to Pre-Feasibility Study (PFS) stage. The company achieved outstanding high-grade graphite drill intersections and demonstrated high recovery rates for gallium as a potential byproduct. A successful capital raise of A$2.16 million supported these work programs and ongoing exploration at the Lake Johnston Lithium Project, which expanded known lithium anomalies.
Reasoning: Kingsland Minerals Ltd reported significant progress across its key projects, including high-grade graphite drill results, strong metallurgical recoveries for a potential gallium byproduct, and the advancement of its Leliyn Graphite Project to PFS, supported by a successful capital raise.
Positive factors
- Successful capital raise providing funding for project advancement
- Advancement of Leliyn Graphite Project to Pre-Feasibility Study (PFS) stage
- Outstanding high-grade graphite drill intersections from surface
- High recovery rate for gallium as a potential byproduct
- Expansion of known lithium anomalies at Lake Johnston Lithium Project
Facts used in scoring: 16
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Leliyn Graphite Project includes an Indicated Mineral Resource of 12.3 Mt at 7.9% TGC, representing a higher confidence category.
Evidence · table
“Indicated 12.3 7.9 1.0”
Context: Indicated
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Leliyn Graphite Project includes a substantial Inferred Mineral Resource of 180.2 Mt at 7.2% TGC, which is a lower confidence category.
Evidence · table
“Inferred 180.2 7.2 13.0”
Context: Inferred
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Leliyn Gallium Exploration Target is the first formal estimate for gallium, establishing a baseline for potential byproduct.
Evidence · text
“On 9 July 2025, the Company announced a Gallium Exploration Target estimated across the footprint of the existing graphite Mineral Resource (Figure 4).”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource estimate and Exploration Targets are based on information compiled by Competent Persons as defined by the JORC Code 2012.
Evidence · text
“The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Richard Maddocks, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. ... The information in this report which relates to Mineral Resources for the Leliyn deposit was compiled by Mr Grant Louw, who is an employee of Auralia Pty Ltd and a member of the Australian Institute of Geoscientists.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Richard Maddocks, Mr Grant Louw, and Dr Andrew Scogings are named as Competent Persons responsible for the exploration results, exploration targets, and mineral resource estimates.
Evidence · text
“The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Richard Maddocks, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. ... The information in this report which relates to Mineral Resources for the Leliyn deposit was compiled by Mr Grant Louw, who is an employee of Auralia Pty Ltd and a member of the Australian Institute of Geoscientists.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: Drill hole LEM_02 returned an outstanding intersection of 152.6m @ 9.6% TGC from surface, which is exceptionally high-grade for graphite.
Evidence · table
“9.6”
Context: 152.6
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The metallurgical diamond drilling program was completed within the scoping study open-pit design to support ongoing PFS activities.
Evidence · text
“a targeted metallurgical diamond drilling program was completed during the December quarter. The program comprised three PQ-size (85mm diameter) diamond drillholes totalling 380 metres, drilled within the scoping study open-pit design”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report includes a Competent Persons Statement, indicating that QA/QC procedures were followed for exploration results and mineral resources.
Evidence · text
“The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Richard Maddocks, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Gallium extraction rates of up to 94.4% were achieved, which is an exceptional recovery rate.
Evidence · table
“94.4%”
Context: Total
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The gallium testwork was conducted on a single 50g sample, indicating it is still at a preliminary bench scale.
Evidence · text
“One 50g sample was selected from crushed and ground graphitic schist post graphite and sulphide mineral removal.”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: The gallium testwork was performed on a single composite sample, not addressing variability across different ore domains.
Evidence · text
“The sample utilised was the same composite used for the bulk graphite concentrate generation work.”
Strategic Investmentpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The capital raise received strong support from major shareholders Quinbrook and Bacchus, increasing their holdings and demonstrating confidence.
Evidence · text
“The strong support received from two of our largest shareholders, Bacchus and Quinbrook, together with participation from other shareholders, demonstrated confidence in the Company’s strategy and ongoing work programs.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: the document describes a pox_biox route ("roasting")
Extracted facts
Stored fact records: 16. Some facts used in scoring do not have a stored record.
Drill Results (9)
LEM_01Leliyn · graphiteGrade: 8.9Grade Unit: %Intercept: 100.2 mView all detailsHide details
Identity
- Hole ID
- LEM_01
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 8.9
- Grade Unit
- %
- Intercept
- 100.2 m
- From
- 1.4 m
- To
- 101.6 m
- Hole Depth
- 101.6 m
- Intercept Depth
- 1.4 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_01:1.4-101.6
Location
- Easting
- 822613
- Northing
- 8499819
- Elevation
- 144 m
- Azimuth
- 181.4 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade, near-surface graphite intersection confirms the quality of the Leliyn deposit and provides valuable material for ongoing PFS metallurgical testwork.
Positive factors
- High-grade graphite intersection
- Significant intercept length
- Starts near surface
- Supports PFS activities
Negative factors
- True width not stated
Evidence · table
“8.9”
Context: 100.2
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_01Leliyn · graphiteGrade: 8.7Grade Unit: %Intercept: 39.6 mView all detailsHide details
Identity
- Hole ID
- LEM_01
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 8.7
- Grade Unit
- %
- Intercept
- 39.6 m
- From
- 1.4 m
- To
- 41 m
- Hole Depth
- 101.6 m
- Intercept Depth
- 1.4 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_01:1.4-41
Location
- Easting
- 822613
- Northing
- 8499819
- Elevation
- 144 m
- Azimuth
- 181.4 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval within LEM_01 further demonstrates the quality of the near-surface graphite mineralization.
Positive factors
- High-grade sub-interval
- Starts near surface
Negative factors
- True width not stated
Evidence · table
“8.7”
Context: 39.6
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_01Leliyn · graphiteGrade: 10.3Grade Unit: %Intercept: 52.6 mView all detailsHide details
Identity
- Hole ID
- LEM_01
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 10.3
- Grade Unit
- %
- Intercept
- 52.6 m
- From
- 49 m
- To
- 101.6 m
- Hole Depth
- 101.6 m
- Intercept Depth
- 1.4 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_01:49-101.6
Location
- Easting
- 822613
- Northing
- 8499819
- Elevation
- 144 m
- Azimuth
- 181.4 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very high-grade sub-interval within LEM_01 contributes significantly to the overall high-grade intersection.
Positive factors
- Very high-grade sub-interval
- Significant length
Negative factors
- True width not stated
Evidence · table
“10.3”
Context: 52.6
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_02Leliyn · graphiteGrade: 9.6Grade Unit: %Intercept: 152.6 mView all detailsHide details
Identity
- Hole ID
- LEM_02
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 9.6
- Grade Unit
- %
- Intercept
- 152.6 m
- From
- 0 m
- To
- 152.6 m
- Hole Depth
- 152.7 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_02:0-152.6
Location
- Easting
- 822452
- Northing
- 8499894
- Elevation
- 143 m
- Azimuth
- 196.9 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This outstanding high-grade and very long graphite intersection from surface in LEM_02 strongly confirms the quality and continuity of the Leliyn deposit.
Positive factors
- Outstanding high-grade graphite intersection
- Exceptional intercept length from surface
- Supports PFS activities
Negative factors
- True width not stated
Evidence · table
“9.6”
Context: 152.6
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_02Leliyn · graphiteGrade: 11.4Grade Unit: %Intercept: 27.8 mView all detailsHide details
Identity
- Hole ID
- LEM_02
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 11.4
- Grade Unit
- %
- Intercept
- 27.8 m
- From
- 2.8 m
- To
- 30.6 m
- Hole Depth
- 152.7 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_02:2.8-30.6
Location
- Easting
- 822452
- Northing
- 8499894
- Elevation
- 143 m
- Azimuth
- 196.9 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very high-grade sub-interval within LEM_02 further enhances the overall excellent intersection, starting very close to surface.
Positive factors
- Very high-grade sub-interval
- Significant length near surface
Negative factors
- True width not stated
Evidence · table
“11.4”
Context: 27.8
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_02Leliyn · graphiteGrade: 11.7Grade Unit: %Intercept: 19 mView all detailsHide details
Identity
- Hole ID
- LEM_02
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 11.7
- Grade Unit
- %
- Intercept
- 19 m
- From
- 49 m
- To
- 68 m
- Hole Depth
- 152.7 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_02:49-68
Location
- Easting
- 822452
- Northing
- 8499894
- Elevation
- 143 m
- Azimuth
- 196.9 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very high-grade sub-interval within LEM_02 reinforces the strong mineralization encountered in the hole.
Positive factors
- Very high-grade sub-interval
- Significant length
Negative factors
- True width not stated
Evidence · table
“11.7”
Context: 19.0
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_02Leliyn · graphiteGrade: 13.2Grade Unit: %Intercept: 24 mView all detailsHide details
Identity
- Hole ID
- LEM_02
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 13.2
- Grade Unit
- %
- Intercept
- 24 m
- From
- 115 m
- To
- 139 m
- Hole Depth
- 152.7 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_02:115-139
Location
- Easting
- 822452
- Northing
- 8499894
- Elevation
- 143 m
- Azimuth
- 196.9 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This exceptionally high-grade sub-interval at depth within LEM_02 demonstrates strong continuity of high-grade mineralization.
Positive factors
- Exceptional high-grade sub-interval
- Significant length at depth
Negative factors
- True width not stated
Evidence · table
“13.2”
Context: 24.0
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_03Leliyn · graphiteGrade: 10.1Grade Unit: %Intercept: 125.6 mView all detailsHide details
Identity
- Hole ID
- LEM_03
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 10.1
- Grade Unit
- %
- Intercept
- 125.6 m
- From
- 0 m
- To
- 125.6 m
- Hole Depth
- 125 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_03:0-125.6
Location
- Easting
- 822344
- Northing
- 8499960
- Elevation
- 142 m
- Azimuth
- 196.7 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade, near-surface graphite intersection in LEM_03 further confirms the quality of the Leliyn deposit and provides material for PFS testwork.
Positive factors
- High-grade graphite intersection
- Significant intercept length from surface
- Supports PFS activities
Negative factors
- True width not stated
Evidence · table
“10.1”
Context: 125.6
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
LEM_03Leliyn · graphiteGrade: 12.5Grade Unit: %Intercept: 58.6 mView all detailsHide details
Identity
- Hole ID
- LEM_03
- Project
- Leliyn
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- australia_nt
- Ticker
- KNG
Geometry
- Grade
- 12.5
- Grade Unit
- %
- Intercept
- 58.6 m
- From
- 67 m
- To
- 125.6 m
- Hole Depth
- 125 m
- Intercept Depth
- 0 m
Classification
- Program
- resource
- Sample Type
- drill
- Group ID
- LEM_03:67-125.6
Location
- Easting
- 822344
- Northing
- 8499960
- Elevation
- 142 m
- Azimuth
- 196.7 °
- Dip
- -70 °
- Loc. Confidence
- high
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This very high-grade sub-interval within LEM_03 reinforces the strong mineralization encountered in the hole.
Positive factors
- Very high-grade sub-interval
- Significant length
Negative factors
- True width not stated
Evidence · table
“12.5”
Context: 58.6
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Resource Estimates (6)
indicatedLeliyn Graphite Project · graphiteTonnes: 12300000Grade: 7.9Grade Unit: % TGCContained Metal: 1Contained Unit: mtView all detailsHide details
Identity
- Project
- Leliyn Graphite Project
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Grant Louw, Dr Andrew Scogings
- Resource group id
- resource:9011f88a50db0fbfae4b
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 12300000
- Grade
- 7.9
- Grade Unit
- % TGC
- Contained Metal
- 1
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Indicated Resource provides a high-confidence base for the Leliyn Graphite Project, supporting further economic studies with a good average grade.
Positive factors
- High confidence resource category
- Good grade for graphite
- Supports Pre-Feasibility Study
Evidence · table
“12.3”
Context: Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLeliyn Graphite Project · graphiteTonnes: 180200000Grade: 7.2Grade Unit: % TGCContained Metal: 13Contained Unit: mtView all detailsHide details
Identity
- Project
- Leliyn Graphite Project
- Commodity
- graphite
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Grant Louw, Dr Andrew Scogings
- Resource group id
- resource:d134cf57502207ad65e2
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 180200000
- Grade
- 7.2
- Grade Unit
- % TGC
- Contained Metal
- 13
- Contained Unit
- mt
Prior Estimate
- Resource Date
- 2025-04-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Inferred Resource significantly increases the overall scale of the Leliyn Graphite Project, although it represents a lower confidence category requiring further drilling.
Positive factors
- Large tonnage adds significant scale to the project
- Good grade for graphite
Negative factors
- Lower confidence resource category
Evidence · table
“180.2”
Context: Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 3Leliyn Graphite Project · galliumTonnes: 190000000Grade: 20Grade Unit: ppm Ga2O3Contained Metal: 3800Contained Unit: tView all detailsHide details
Identity
- Project
- Leliyn Graphite Project
- Commodity
- gallium
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Resource scope
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Richard Maddocks
- Resource group id
- resource:d7602508651a4540d8f5
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Tonnes
- 190000000
- Grade
- 20
- Grade Unit
- ppm Ga2O3
- Contained Metal
- 3800
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Gallium Exploration Target highlights significant potential for a valuable byproduct, though its conceptual nature means further exploration is required to define a resource.
Positive factors
- Identifies potential for a valuable byproduct
- Adds to overall project value proposition
Negative factors
- Conceptual nature, insufficient exploration to estimate a Mineral Resource
Evidence · table
“190,000,000”
Context: Low
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 4Leliyn Graphite Project · galliumTonnes: 195000000Grade: 25Grade Unit: ppm Ga2O3Contained Metal: 4875Contained Unit: tView all detailsHide details
Identity
- Project
- Leliyn Graphite Project
- Commodity
- gallium
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Resource scope
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Richard Maddocks
- Resource group id
- resource:8592166125cc715dd141
- Mining method
- combined
- Resource basis
- gross
Resource Data
- Tonnes
- 195000000
- Grade
- 25
- Grade Unit
- ppm Ga2O3
- Contained Metal
- 4875
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2025-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Gallium Exploration Target highlights significant potential for a valuable byproduct, though its conceptual nature means further exploration is required to define a resource.
Positive factors
- Identifies potential for a valuable byproduct
- Adds to overall project value proposition
Negative factors
- Conceptual nature, insufficient exploration to estimate a Mineral Resource
Evidence · table
“195,000,000”
Context: High
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 5View all detailsHide details
Identity
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Resource scope
- Reporting standards
- jorc
- Mining method
- combined
- Resource basis
- gross
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The successful placement raised significant capital, demonstrating investor confidence and providing essential funding for the company's project advancements.
Positive factors
- Successful capital raise
- Provides funding for ongoing work programs
- Strong support from major shareholders
Evidence · text
“The Placement raised A$1,624,072 (before costs) through the issue of 13,533,935 ordinary shares at A$0.12 per share.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 6View all detailsHide details
Identity
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Resource scope
- Reporting standards
- jorc
- Mining method
- combined
- Resource basis
- gross
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The oversubscribed Share Purchase Plan successfully raised additional capital, reflecting strong support from existing shareholders for the company's strategy.
Positive factors
- Oversubscribed, indicating strong retail investor support
- Provides additional funding for projects
Evidence · text
“On 5 November 2025, the Company completed its SPP, which was strongly supported and received oversubscribed applications. The SPP raised A$543,000 (before costs) through the issue of 4,525,000 fully paid ordinary shares at A$0.12 per share.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (1)
leachingLeliyn Graphite Project · galliumRecovery: 94.4 %Head Grade: 21Head Grade Unit: ppm GaView all detailsHide details
Identity
- Project
- Leliyn Graphite Project
- Commodity
- gallium
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- KNG
Test Work
- Program Status
- detailed
- Test Type
- leaching
- Processing Route
- roasting, water leach, HCl leach
- Sample
- graphitic schist sample (after graphite and sulphides removed)
Recovery
- Recovery
- 94.4 %
- Recovery Basis
- actual_test
- Head Grade
- 21
- Head Grade Unit
- ppm Ga
Lab
- Laboratory
- SGS Australia owned Metallurgy Pty Ltd
- Consultant
- SGS owned Independent Metallurgical Operations Pty Ltd (IMO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The exceptional 94.4% gallium recovery rate from testwork confirms its potential as a valuable byproduct, significantly enhancing project economics and supporting its inclusion in the PFS, though further larger-scale variability testwork is needed.
Positive factors
- Exceptional recovery rate for gallium
- Confirms potential for valuable byproduct
- Supports incorporation into PFS
Negative factors
- Testwork conducted on a small sample (50g)
- Single composite tested
- Bench scale only
Evidence · table
“94.4%”
Context: Total
Tags used in scoring
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: processing_route matches the pox_biox signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.