Kingsland Minerals Limited Provided update shareholders on proposed exploration activities and the estimation of an Exploration Target for its significant Leliyn Graphite discovery in the Northern Territory. Kingsland Minerals has estimated an Exploration Target for the Leliyn Graphite Project. The Exploration Target is based on historical drill results, petrographical analysis and field reconnaissance conducted by Kingsland.

A drilling program, including both Reverse Circulation (RC) and Diamond Core drilling, is currently being planned to commence during the June 2023 quarter. Proposed Exploration Program: Initial exploration will consist of a ground electro-magnetic (EM) survey. The EM survey is designed to provide more accurate locations of the hanging wall and foot wall of the graphitic schist to aid in final drill hole planning.

It may also provide information on areas of more intense graphite mineralisation and therefore areas of potential higher grade. A program of up to 8,000m of RC and Diamond Core drilling is proposed to test the Exploration Target. It is planned to prioritise the drilling into three stages; stage 1 of about 600m of HQ size diamond drill core (64mm diameter) will provide an initial representative samples for metallurgical test-work.

Stage 2 of about 3,000m of RC drilling will drill the Exploration Target on wide spacing to enable the estimation of an Inferred Mineral Resource. Stage 3 will be dependent on results from stages 1 and 2. This will focus on infill drilling of about 3,000m of RC and 1,000m of diamond core to enable the estimation of an Indicated Mineral Resource. Material for metallurgical test-work will also be collected in stage 3 if required.

Drilling is planned to commence in late April/early May once government approvals have been received. RC and Diamond drill rigs have been secured and planning is well advanced. The final timing of the commencement of drilling is dependent on the on-set of the dry season.