Welcome to King Island Scheelite
King Island Scheelite Limited is listed on the ASX (“KIS”) focused on the redevelopment of its 100% Dolphin tungsten project on King Island, Tasmania.
King Island is the most western large island in the Bass Strait, between Victoria and Tasmania, whilst the Dolphin Project is near the town of Grassy, on the south east coast (Refer Map) (would be linked to map).
This Dolphin Mine operated between 1917 and 1992, when it closed due to extremely low tungsten prices, rather than as a lack of reserves.
Over the last few years KIS has concentrated on optimising a redevelopment plan for the Dolphin Tungsten Project, which has JORC 2012 compliant Mineral Reserves of 3.14Mt at a grade of 0.73% WO3 (at 0.2% cut-off). Mineral Resources, including the Mineral Reserves, total 9.6Mt at a grade of 0.90% WO3 (at 0.2% cut-off).
The current development plan envisages an 8 year open cut mine producing a concentrate for supply into the Ammonium Paratungstate market.