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King Island Scheelite Ltd

King Island Scheelite chairman snaps up shares on market

The company aims to mine tungsten from its Dolphin Project on King Island in the Bass Strait north of Tasmania.

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Earlier this week the company entered into a major offtake agreement

King Island Scheelite Ltd’s (ASX:KIS) executive chairman Johann Jacobs has purchased 100,000 shares in the company through on-market trades.

The $9,419 purchase increases his total holding in the company to 3.98 million shares.

READ: King Island Scheelite secures 4-year tungsten offtake, shares up 30%

Earlier this week, King Island entered into an offtake agreement for tungsten concentrate from its high-grade Dolphin Tungsten Project on King Island in the Bass Strait north of Tasmania.

Under the deal, 1,400 tonnes of tungsten oxide (WO3) or 2,200 tonnes of concentrate will be delivered over a four year period to Austrian company Wolfram Bergbau und Hutten AG.

Quick facts: King Island Scheelite Ltd

Price: $0.07

Market: ASX
Market Cap: $19.3 m
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King Island Scheelite revises Dolphin's tungsten reserve estimate in...

King Island Scheelite Ltd (ASX:KIS) executive chairman Johann Jacobs updates Proactive Investors on the revised mineral reserve estimate from the company's updated feasibility study at its Dolphin Tungsten Project near Tasmania   Jacobs says the reserve estimate is now 3 million...

on 5/6/19

2 min read