Kingsland Minerals caught my attention when I noticed the price breaking out recently and decided to get a starter. I wanted to write about this earlier but got distracted by other things here and not sure how this one will be received.
Their main game is the Leliyn Graphite Project in NT.
What I like:
* Port and rail infrastructure so no need to go by road (although it is 250k from Darwin).
* 20km strike length and 100m width, over 200m deep and outcropping at surface
* 200-250mt with TGC (Total Graphite content) 8-11%
* Lots of recent management buying
* And, more importantly, like Capricorn metals, the presentation looks like it was done on Powerpoint/Office 95!
Some question marks:
* Metallurgy. Not sure of the recovery/purity of the graphite which I've been told is key.
* Very early stage exploration. Might be fairly priced now. Time to get in was when the MD Richard Maddocks did the presentation which I thought was very clear and excellent.
Other:
* Some Uranium prospects Allamber and Shoobridge
* Gold and base metals Mt Davis, Woolngi and Lake Johnson.
Very speculative obviously so won't be for everyone.
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