KNG 2.50% 20.5¢ kingsland minerals ltd

When you look at the deposit though, its very simple geology...

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    When you look at the deposit though, its very simple geology compared to other deposits. Its from surface and essentially straight down on each side and fairly consistent in width so even taking an average width and an average % grade that has been drilled and multiply by 5km you can roughly work out how much contained graphite there will be. Remembering this is only 5km of 20km strike so assuming continuity if it falls short of the target then I presume they could just drill an extra 1-2km and would most likely achieve the target? Not that getting that exploration target is needed, even if they got half I think they are still the biggest? RNU just upgraded their resource to 123mt @6.9% for 8.5mt contained graphite and I believe they are the biggest so KNG are well positioned to achieve a bigger resource. The difference is RNU is confimed with JORC compliance where as KNG is in the process
    Last edited by Jimbill: 21/11/23
 
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