King Island Scheelite Ltd

King Island Scheelite ready to restart high-grade tungsten production at Dolphin Project

King Island Scheelite Ltd (ASX:KIS) executive chairman Johann Jacobs speaks to Proactive Investors about the tungsten developer’s Dolphin Project on the southeast coast of King Island, the most western large island in the Bass Strait.
“We’ve been spending the last five years trying to establish the optimal way of restarting the mine,” says Jacobs.
He continues, “we’ve got to a point now where the first eight years of operation will be open cut and that will be followed by eight years of underground.”
Dolphin’s resource is about 9 million tonnes at 0.73% tungsten and continues to increase to about 1.1 % as the orebody dips underground.

Quick facts: King Island Scheelite Ltd

Price: $0.08

Market: ASX
Market Cap: $19.83 m

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