KIS
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Company News
King Island Scheelite green-lights tungsten mine start, rebrands as Group 6 Metals
Emerging Tasmanian tungsten producer King Island Scheelite (ASX: KIS) will begin work next month at its Dolphin project when earthworks start, 31 years after the mine closed due to low prices. There will also be a name change: the company is to rebrand as Group 6 Metals with immediate effect. The company has previously described Dolphin […]
King Island Scheelite secures $10.2m equipment loan, as tungsten cube craze continues
King Island Scheelite’s (ASX: KIS) $10.2 million equipment hire purchase facility has been approved, enabling its Dolphin tungsten project to continue advancing, as a strange new craze opens up for the metal in the form of crypto investors entering a buying frenzy for small “amazingly heavy” tungsten cubes. An original equipment manufacturer financier has officially […]
King Island Scheelite reaches funding target for Dolphin tungsten redevelopment
King Island Scheelite (ASX: KIS) has now hit the funding target to proceed with the development of its wholly-owned Dolphin tungsten project on King Island, Tasmania following a $31 million equity raising. The company today announced it has received firm commitments for a two-tranche placement to raise $25.5 million, plus an underwritten share purchase plan […]
King Island Scheelite secures new offtake deal for Dolphin tungsten mine restart
King Island Scheelite (ASX: KIS) has secured an offtake agreement with privately-owned global physical commodity trader Traxys Group for tungsten concentrate from its redeveloped Dolphin project in Tasmania. The agreement is for the supply of 90,000 metric tonne units of tungsten trioxide per annum (equating to 10 kilograms), averaging 7,500mtu per month. It will commence […]
King Island Scheelite secures $33m funding for Dolphin tungsten redevelopment
Emerging tungsten producer King Island Scheelite (ASX: KIS) has confirmed an additional $33 million loan to advance the redevelopment of its Dolphin tungsten project in Tasmania. A group of four of the company’s major shareholders, together with an external financier, have agreed to provide the debt funding, subject to the satisfaction of financing conditions. King […]
King Island Scheelite tackles supply chain problems, brings forward plant equipment buys
Emerging Tasmanian tungsten producer King Island Scheelite (ASX: KIS) is to address potential shipping delays and rising freight prices by stepping up orders for long lead items needed for its processing plant. The company, in order to meet its projected timelines, is also committing to paying deposits in advance. King Island is progressing its Dolphin […]
King Island Scheelite spends June quarter advancing Dolphin tungsten project re-development
Sydney-based King Island Scheelite (ASX: KIS) spent the three months to end June advancing the re-development of its Dolphin tungsten project off the northwest coast of Tasmania. The company took delivery of a full-scale multi gravity separator in April at a location in Burnie, 200km from the project site. First stage “sighter” tests commenced during […]
King Island Scheelite secures government funding for greenfields exploration around Dolphin tungsten project
King Island Scheelite (ASX: KIS) has secured a $70,000 exploration drilling grant incentive from the Tasmanian Government to assist in greenfields exploration at its licences surrounding the historic Dolphin tungsten project on the state’s King Island. The co-funded incentive was introduced to stimulate state-wide exploration in mineral, oil and gas and geothermal projects and provides […]
King Island Scheelite obtains first EPA approval for Dolphin mine management plan
King Island Scheelite (ASX: KIS) has obtained the first mine management plan approval from the Tasmanian Environmental Protection Authority for its wholly owned Dolphin tungsten project on the state’s King Island. The EPA has granted approval of King Island’s mine closure, decommissioning and rehabilitation management plan (MCDRMP) for the development of Dolphin. According to the […]
King Island Scheelite acquires full-scale multi-gravity separator for Dolphin tungsten project
Advanced explorer King Island Scheelite (ASX: KIS) has taken delivery of a full-scale, commercial-grade multi-gravity separator for its historic Dolphin tungsten mine in Tasmania. The machine will be used to separate heavy scheelite particles and reject lighter calcite particles from ore once the mine re-commences next year. The company entered into a rental and purchase […]
