KNG - General Thread, page-90

I’m in as of today!

I only became aware of this company today when I read about it in my daily newsletter from Livewire Markets (if you’re not a subscriber, do yourself a favour). Barry Fitzgerald wrote in his column:

“There is a live example of all that panning out at the moment in the ASX in the graphite space, over there in the anode side of batteries for the booming electric vehicle and stationary energy storage sectors.The contrast is between graphite junior Kingsland and graphite producer Syrah. Kingsland (KNG) is having a good year, with its shares racing from 15c at the start of the year to 34.5c for a market of $22M (fully diluted) on the strength of initial drill results from its Leliyn graphite project in the Northern Territory.The company recently pulled in $3.6m from a placement at 32c to take funds on hand to $5.5m, allowing it to keep punching holes into what its managing director Richard Maddocks reckons is a project with Tier 1 potential.A compliant “exploration target” of 200-250Mt grading 8-11% total graphitic content (16-27Mt contained graphite) has been set by the company which goes to its confidence that it is indeed on to something big.The exploration target is based on a 5km stretch of a prospective 20km schist, so there is lots of room for Kingsland to work with.There is lots more work to do before the Tier 1 potential is confirmed, including all important metallurgical testwork because if you have to be in the graphite business, you want to be producing the fines material consumed by the battery sector.Given the pace of activity, a drilling/assay update is about due, possibly in time for the appearance of Maddocks at next week’s Resources Rising Stars “Twilight Series” investor briefings in Brisbane, Melbourne and Sydney”

If the numbers are correct, this looks to be one hell of a deposit. I’m an RNU holder, but this one could be bigger!