King Island Scheelite Limited (“KIS”) is an ASX listed Company which owns 100% of the Dolphin Tungsten Project on King Island Tasmania. Currently this is KIS’s only mining/exploration tenement.
Johann Jacobs, Executive Chairman
Chris Ellis, Executive Director
What is your rationale for attending 121 Mining Investment?
Rationale is to increase the profile of the Company and the Project to encourage financing partners to assist in progressing the Dolphin Project into production by end 2020.
What recent news would you like to highlight to investors attending?
The Company recently announced that it had concluded an initial four year off-take agreement with an Austrian company, Wolfram Bergbau und Hutte AG.
Additional off-take agreements are currently well advanced.
What are your key goals for the next 3, 6 and 12 months?
Finalise the off-take arrangements and financing plan
Raise the requisite funding and attain financial close
Conclude contracts for the construction of the processing plant and mobile equipment
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
As with all resources companies, fluctuating metals prices is always a concern as is geopolitical risk. However, given our location in Australia, a leading mining jurisdiction and the brownfields nature of our Dolphin Tungsten Project we believe resource and technical risks have been reduced as much as possible.
What do you think makes your company such a compelling investment?
The brownfields nature of this project and its long mining history, makes it a low risk investment opportunity. That is coupled with an experienced management team in resource development and management.