A render of the element lithium with related information.
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Kingsland Minerals Ltd (ASX: KNG) has seen a lithium anomaly picked up at its Lake Johnston project in Western Australia grow to double its size based on soil sampling work.

The anomaly – which stretches 13 kilometres north to south and four kilometres east to west – carries grades of 100 parts per million (ppm) lithium oxide (Li₂O).

Within this, there is an even sweeter section carrying grades of up to 200 ppm Li₂O across an area three kilometres long and 400 metres wide.

Kingsland Minerals managing director, Richard Maddocks said the sampling work had boosted expectations for the company’s imminent drilling work.

“These additional soil sampling results highlight the excellent lithium potential on our extensive tenement holding at Lake Johnston,” he said.

“We now have drilling approvals in place to test these anomalies in the coming months.

“Once our recent tenement applications are granted, exploration will extend along strike to the north and south to fully test the lithium potential of this project.”

The Lake Johnston project comprises more than 770 square kilometres along the Lake Johnston Greenstone Belt, which is prospective for lithium-bearing pegmatites.

Kingsland is trading at 26c.

KNG by the numbers
More From The Market Online
Singapore skyline

Firebrick Pharma launching retail Nasodine sales in Singapore

Firebrick Pharma (ASX:FRE) has inked a deal with Guardian, a pharmacy chain in Singapore, to launch…
FDA HQ

Neurotech bounces back from FDA rejection with new NTI164 baseline study

Neurotech (ASX:NTI) has bounced back from a recent fast-track status rejection from the FDA, now launching…
Rio de Janeiro

Equinox sniffs shallow and high-grade titanium ahead of MRE for Brazilian play

Equinox Resources Ltd has picked up a suite of strong results in titanium oxide and total…
Vietnam flag

TruScreen Group launches five-year cervical screening program in Ho Chi Minh City

TruScreen Group (ASX:TRU) has opted to launch a five-year cervical cancer screening run in Vietnam's Ho…