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King Island Scheelite

King Island Scheelite

  • Location: Australia
  • Tickers:
    • ASX:KIS
  • Commodities:
    • Tungsten
  • Project Stages:
    • Development
    • Exploration

King Island is the most western large island in the Bass Strait, located between Victoria and Tasmania. The Dolphin Project is situated on the south east coast of the island, near the mining town of Grassy.

The Dolphin Tungsten Mine operated between 1917 and 1992, when it was closed due to extremely low tungsten prices, rather than a lack of reserves.

Over the last few years, KIS has concentrated on optimising a redevelopment strategy for the Dolphin Tungsten Project, which contains a 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.

King Island Scheelite
ASX
  • asx: kis

    • 0.005 (2.63%)

* Based on previous 24 hours performance

  • asx: kis

    • 0.002 (1.04%)

* Based on previous 7 days performance

  • asx: kis

    • -0.005 (-2.5%)

* Based on previous 12 weeks performance

  • asx: kis

    • 0.05 (34.48%)

* Based on previous 12 months performance

Open 0.19500 Volume 0
High 0.19500 52w High 0.28000
Low 0.19000 52w Low 0.13000
Close 0.19500

* 29 September 2022 (AUD)