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
The Market Online Video

ASX Market Close: Index buoyed by CBA’s earnings beat | Feb 12, 2025

The ASX200 closed up 0.6% at 8,535 points.
The Market Online Video

ASX Market Open: Bourse to land flat but CBA bowling over expectations may change that | Feb 12, 2025

It’s starting to look like a flat Wednesday, with Aussie futures now pointing to a near-unnoticeable 0.
Market Update Graphic

ASX Market Update: Index leader CBA posts record result, lifts dividend | Feb 12, 2025

The ASX200 has been up 0.25% at 8,505 points.
Image of a treasure chest full of gold on an island

CRS up more than 123% on ‘encouraging’ gold find at Island Gold project

Caprice Resources Ltd has reported standout drilling results from its Island Gold project in Western Australia