KNG - Kingsland Minerals

[Sean K]

This turkey must be about to go to the market. $1.3m in the bank at the end of the last quarter and spending about $500k a quarter on electricity and directors fees.

This is potentially going to be almost as big as Shiraz who have a MC of over $200m, 10x this gobbler.

Or, it's just a pencil factory.

It seems that natural graphite is not really required for batteries and the Chinese are happy to use the fake stuff for their EVs. Makes a lot of sense. Create massive CO2 emissions to make emission free cars. Much like the myth that nickel sulphide was going to be preferred over laterite from Indonesia. It's all a con.

 

[Sean K]

KNG is killing me in the yearly comp @debtfree.

Having potentially the largest graphite project in the universe, close to the main road to Darwin, is not enough for anyone to care. I think it's because China are controlling the market and natural graphite is more expensive.

And, they're about to run out of money.

I think their only hope is the US EXIM bank investing.

Or, pencils start being in high demand.

 

[Sean K]

Well, another month and another snore fest over at KNG, @debtfree

The only thing of interest this month has been my realisation that their 'going forward' does not include any drilling on the rest of the schist so they don't need money for that. All they seem to be doing for the foreseeable future is met work and mining studies. I suppose they want to be sure they can make spherical graphite thingies before they go to the market for more cash to get a few rigs spinning.

I doubt that's going to happen in the next two months so this is going to kill my yearly comp numbers with a big red X in one of the boxes.

 

[Sean K]

This giant turd of a flea with rabid puppies on it might yet get into the green by the end of the year comp finish line.

I knew they were running out of money, but didn't see anything in the chart suggesting a strategic investor.

Maybe it's only enough to keep the lights on.

Or, it's RIO taking 19.9% of it.

 

[Sean K]

If the "Strategic Investment" is CSIRO chipping in $50K then this is going to cave in and be sent to oblivion.

What a joke.

 

[Dona Ferentes]

just read your narrative @Sean K and, what can I say?

 

[Sean K]

just read your narrative @Sean K and, what can I say?

Even if CSIRO is not the "Strategic Investor" why do KNG need to solicit $50K for a "Kick-Start" program for "Australian Start-Ups and small businesses"? This is an exploration company with the largest graphite deposit in Australia. It's not a "start up".

I have to wait until the trading halt is lifted, whenever that is, but it looks like there's something seriously wrong with this flea bitten turd of a horses rotten hoof.

 

[Sean K]

The turd burger might have turned a corner with this investment. It's not RIO, but proportionally, for a $10m MC company, this is OK, I guess. I suppose it keeps the lights on for another couple of quarters and they can do some drilling, which wasn't on the cards until they had produced battery grade material.

Maybe the stars are aligning for the 2024 comp for me. I just need this go go green and PDI and SVM to be taken over in the next 8 weeks.

• Kingsland Minerals secures $2.56m investment at 22% premium from Quinbrook Infrastructure Partners
• Quinbrook has also agreed to offtake graphite concentrate produced by the Leliyn project
• Leliyn concentrate could be processed at Quinbrook’s planned processing facility at Darwin’s Middle Arm precinct

Special Report: Kingsland Minerals has received a strong show of support by way of a $2.56m investment at a 22% premium that could lead to the development of an integrated graphite mining and downstream processing industry in the NT.

The strong show of confidence comes from Quinbrook Infrastructure Partners, which subscribed for 11.1 million shares in the company at a 22% premium to its 30-day volume weighted average price.

This will see Quinbrook – a ‘value add’ investment manager with a specialist focus on the energy transition – emerge with a 15.3% stake in Kingsland Minerals (ASX:KNG) and a seat on its board.

While this is a clear sign the company’s 194.9Mt Leliyn graphite project – Australia’s largest graphite deposit – has caught investor attention, it is by no means the only takeaway from the investment.

Quinbrook has also agreed to buy all graphite concentrate produced by the project for processing into value-added products including battery-component manufacturing in Australia and internationally, and will provide renewable power for its operations.

A graphite mining and processing hub​

“This is an important development for the company. One of Australia’s largest renewable investment managers, Quinbrook Infrastructure Partners, has recognised the potential of the Leliyn graphite project to supply graphite concentrate to the battery market,” managing director Richard Maddocks said.

“Quinbrook’s expertise and experience in identifying and developing renewable energy projects has been well documented.

“The strategy to establish a vertically integrated graphite mining and processing hub is also underpinned by the provision for offtake and renewable energy supply agreements with Quinbrook.

“We are pleased to have Quinbrook on our register as a cornerstone investor and look forward to working with them to develop Australia’s largest graphite project.”

 

[Sean K]

As suspected about the graphite market. Killed one of my four yearly picks.

 

[Sean K]

This has been decimated due to the graphite market imploading. Not sure if this is going to benefit at all from the tariffs and China controlling rare earths. Haven't heard of any other critical minerals being used as a weapon.

Maybe, one day, this will be mined.

 

[Dona Ferentes]

This has been dumped due to the graphite market uploading.

then we'll keep spinning it another way

Test work underway for rutile and
gallium by-product potential​

Metallurgical test work will assess the extraction of rutile and gallium from the Leliyn graphitic schists

HIGHLIGHTS
▪ Assaying of drilling and graphite metallurgical samples show elevated levels of rutile and gallium
▪ Metallurgical samples averaging up to 0.61% TiO₂ and 25.5 ppm Ga₂O₃
▪ Test-work now underway is aimed at producing rutile and gallium as a by-product from production of graphite concentrate
▪ Kingsland has completed Exploration Targets for rutile and gallium
▪ Gallium price is ~USD1,044/kg2 (AUD1,600/kg) and the rutile price is ~USD1,635/t (AUD2,500/t)
▪ Leliyn graphite concentrate scoping study is progressing well with completion expected this quarter.

..... and they all say this
▪ Kingsland is well-placed to capitalise on the growing push in the US, Europe and Asia to reduce reliance on China for speciality metals, including graphite and gallium

 

[Sean K]

then we'll keep spinning it another way

Test work underway for rutile and
gallium by-product potential​

Metallurgical test work will assess the extraction of rutile and gallium from the Leliyn graphitic schists

HIGHLIGHTS
▪ Assaying of drilling and graphite metallurgical samples show elevated levels of rutile and gallium
▪ Metallurgical samples averaging up to 0.61% TiO₂ and 25.5 ppm Ga₂O₃
▪ Test-work now underway is aimed at producing rutile and gallium as a by-product from production of graphite concentrate
▪ Kingsland has completed Exploration Targets for rutile and gallium
▪ Gallium price is ~USD1,044/kg2 (AUD1,600/kg) and the rutile price is ~USD1,635/t (AUD2,500/t)
▪ Leliyn graphite concentrate scoping study is progressing well with completion expected this quarter.

View attachment 203389

..... and they all say this
▪ Kingsland is well-placed to capitalise on the growing push in the US, Europe and Asia to reduce reliance on China for speciality metals, including graphite and gallium

So, they started as a uranium company, and while exploring they tripped over some graphite, and since that's gone so well, they've found some trace rutile and gallium in the graphite. Maybe there's some uranium in the graphite and they can go full circle.

 

[frugal.rock]

Would you consider a name of maggot ridden festering puss bucket?

 

[Sean K]

Something fishy going on here. No news.

Please explain inbound.

 

[Sean K]

So, the news must have been this.

There was no 'please explain' from the ASX after this went up 50% yesterday which was a bid weird.

Queensland will fast track a $1.23bn graphite mine to service the country’s first battery anode hub as Australia moves to reduce China’s dominance of the critical battery mineral.

The project will involve privately held Graphinex developing a greenfield graphite mine at Croydon in northwest Queensland, as well as a processing plant in Townsville. The project will create 100 during construction and 133 at peak operational capacity.

The project, which has been declared a co-ordinated project by the Queensland government, aims to build sovereign capability in battery manufacturing as surging global demand for natural graphite is forecast to rise 140 per cent by 2030.

Graphite provides the negative charge in lithium batteries and is the largest material in electric vehicles by weight, making it crucial for the clean-energy transition.

China dominates 98 per cent of graphite anode production, and companies like Graphinex are expected to become increasingly important as an alternative supply – especially for the US and Europe. The facility has been backed by capital secured through a trade mission to North America led by Queensland’s Natural Resources and Mines Minister Dale Last earlier this year, and the Crisafulli government playing “matchmaker” to secure the investment.

 

[Dona Ferentes]

Queensland will fast track a $1.23bn graphite mine to service the country’s first battery anode hub as Australia moves to reduce China’s dominance of the critical battery mineral.

The project will involve privately held Graphinex developing a greenfield graphite mine at Croydon in northwest Queensland, as well as a processing plant in Townsville. The project will create 100 during construction and 133 at peak operational capacity.

The project, which has been declared a co-ordinated project by the Queensland government, aims to build sovereign capability in battery manufacturing as surging global demand for natural graphite is forecast to rise 140 per cent by 2030.

Graphite provides the negative charge in lithium batteries and is the largest material in electric vehicles by weight, making it crucial for the clean-energy transition.

China dominates 98 per cent of graphite anode production, and companies like Graphinex are expected to become increasingly important as an alternative supply – especially for the US and Europe. The facility has been backed by capital secured through a trade mission to North America led by Queensland’s Natural Resources and Mines Minister Dale Last earlier this year, and the Crisafulli government playing “matchmaker” to secure the investment.

doesn't pass the sniff test

 

[Sean K]

doesn't pass the sniff test

Nope. Not sure if that news was out the day before or not.

I own a few KNGO and it went up 66% yesterday, for no reason other than there's a massive spread and if you want it you have to significantly change the price. I think it moved before KNG. I should have picked up on that.

 

[Dona Ferentes]

what's the link with KNG? they have some Leliyn project

06 May : Scoping Study underway on Leliyn Graphite Project, Northern Territory​

Study will assess the economics of the project, which is a potentially significant supplier of non-Chinese graphite concentrate to the EV and lithium battery industries
HIGHLIGHTS
▪ GR Engineering Services Ltd (GRES, ASX:GNG) appointed Scoping Study Manager for Leliyn Graphite Project
▪ Leliyn is underpinned by a world-scale graphite resource, giving it potential to
capitalise on the growing demand for non-Chinese graphite products around the world
▪ Kingsland already has Off-take Agreements in place with Quinbrook InfrastructurePartners
▪ Highly experienced metallurgy professional engaged as consultant Project Manager tooversee Scoping Study activities

.
.
the unlisted Graphinex is a curious beast:

Mr Art Malone said the company had a “completely unique deposit” in one of the richest graphite reserves in the world.
“Our deposits are hard-rock volcanic. “Typically, every other graphite in the world is sedimentary and soft. Ours is a different style and style is important because it results in ultra-high performance and also batteries that last longer.”

Minister Dale Last said the region had a reported 25 million tonnes of graphite – the third-largest deposit in the world.
“This is an exciting milestone that positions Queensland as a leader in graphite mining and processing,” Mr Last said.

 

[Antirnator]

Are they just making announcements advertising for someone to buy them out?

 

[Sean K]

what's the link with KNG? they have some Leliyn project

06 May : Scoping Study underway on Leliyn Graphite Project, Northern Territory​

Study will assess the economics of the project, which is a potentially significant supplier of non-Chinese graphite concentrate to the EV and lithium battery industries
HIGHLIGHTS
▪ GR Engineering Services Ltd (GRES, ASX:GNG) appointed Scoping Study Manager for Leliyn Graphite Project
▪ Leliyn is underpinned by a world-scale graphite resource, giving it potential to
capitalise on the growing demand for non-Chinese graphite products around the world
▪ Kingsland already has Off-take Agreements in place with Quinbrook InfrastructurePartners
▪ Highly experienced metallurgy professional engaged as consultant Project Manager tooversee Scoping Study activities

.
.
the unlisted Graphinex is a curious beast:

SYR running as well. All due to that Graphinex news I guess.

I thought the bump was going to be a one day wonder, but it's up 30% again. I don't think this will be sustained but who knows.