Kingsland Minerals Ltd has initiated extensive test work at its Leliyn Graphite Project in the Northern Territory to explore the feasibility of extracting high-value by‐products—rutile and gallium—from its graphitic schists. Recent drilling campaigns and metallurgical sampling have yielded promising results, with assays indicating gallium levels ranging up to approximately 29.1 ppm Ga₂O₃ and titanium dioxide averaging around 0.61% TiO₂. Noteworthy drill intersections include intervals measuring 285 meters with 23.7 ppm Ga₂O₃ coupled with 0.42% TiO₂, and 197 meters featuring 22.8–22.82 ppm Ga₂O₃ alongside 0.46% TiO₂. Detailed test work, including flotation and gravity separation studies by Independent Metallurgical Operations in Perth and mineralogical investigations by CSIRO, is underway to determine if these by‐products can be economically liberated during graphite concentration. The company’s approach leverages a comprehensive database from previous drilling, enabling the estimation of conceptual exploration targets that suggest the potential for up to 4,875 tonnes of Ga₂O₃ from 195 million tonnes of rock and approximately 975,000 tonnes of TiO₂ also from a similar tonnage. These estimates, along with the robust regional demand driven by efforts in the US, Europe, and Asia to reduce reliance on China for critical specialty metals, underline the strategic significance of the project. Although the current scoping study focuses solely on graphite production, the high market prices for gallium (about USD 1,044 per kilogram) and rutile (roughly USD 1,635 per tonne) hint at additional revenue streams that could materialize should extraction prove viable. Positive market sentiment is bolstered by the potential for substantial additional earnings from by-products in a climate of increasing global demand and favorable price environments. The advanced testing methods employed and the detailed drill data provide promising technical indicators that reinforce Kingsland Minerals Ltd’s strategic positioning in a diversified energy and specialty metals portfolio. However, concerns remain given the early stage of feasibility studies—such as potential delays in metallurgical testing outcomes and uncertainties in scaling up production. While the innovative approach could yield lucrative future benefits, it also carries inherent risks associated with first-in-class extraction methods and transitioning from conceptual exploration targets to an economically viable resource.