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KING ISLAND SCHEELITE LIMITED

ASX: KIS

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Description

King Island Scheelite Limited "KIS" is an Australian Securities Exchange (ASX) listed company focussed on the exploration, development and production of tungsten deposits.

The Dolphin Project is focussed on redeveloping the original scheelite mine on King Island. The resource comprises remnant ore bodies at Dolphin and Bold Head of 11,413,000 tonnes containing 101,300 tonnes of WO3. The initial viable redevelopment plan involves reopening the former underground mine at Dolphin and constructing a processing facility to produce approximately 3,500 tonnes of WO3 concentrate per annum. Once funding is confirmed, production is expected to recommence within 24 months. The potential to reopen the nearby Bold Head mine and incorporate additional down-plunge tonnes at Dolphin will further improve returns.

The company is also exploring for tin, tungsten, copper and gold in the highly mineralised North West of Tasmania.

Dolphin Project

The King Island Scheelite project is near the town of Grassy, on the south east coast of King Island, the most western large island in Bass Strait. This resource comprising Dolphin and Bold Head deposits of 11,413,000 tonnes contains 101,300 tonnes of WO3. The proposed redevelopment involves reopening the former underground mine at Dolphin and constructing a processing facility to produce approximately 3,300 tonnes of W03 concentrate per annum.

Mine For

tungsten, tin, copper, gold

Location of operation(s)

Tasmania

Address

Se 1 Level 25 259 George St
SYDNEY, NSW, AUSTRALIA 2000

Phone

(61 2) 8622 1400

Email

Website


Last Updated

17/5/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.