Abstract: A petrological and geochemical study has been made of the late Precambrian St. David's granophyre (SDG) and the Cwm Bach rhyolites (CBR). The SDG is trondhjemitic, peraluminous, and chemically zoned with lower Na/K ratios in its interior portions. Although the SDG contains only minor amounts of K, the Rb content is relatively high and ratios of immobile versus mobile elements indicate that K has been removed. The CBR are flow-banded and autobrecciated subaerial rhyolite flows which are more K-rich and less altered than the SDG, lying close to the ternary minimum composition of the system Q-Or-Ab-(H2O). K mobility is considered to result from the reaction K-feldspar→ K-mica which released excess K ions, imparting peraluminous compositions to the rocks. On the basis of this reaction the original K content of the rocks has been estimated, the values for which are more compatible with immobile element abundances and with normal igneous trends. Similar abundances of the relatively immobile elements Ti, Zr, Sr, Y and Nb, together with K-corrected K/Rb ratios, suggest that the SDG and CBR may be comagmatic volcanic-arc-collision-type granite and rhyolite.