King Island Scheelite inks another offtake

13th September 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Tungsten developer King Island Scheelite has entered into a new tungsten concentrate offtake agreement with physical commodity trader Traxys Group, for 90 000 t/y of tungsten from its planned Dolphin project, in Tasmania.

King Island Scheelite on Monday told shareholders that the offtake agreement would see the company provide Traxys with some 7 500 t/m of tungsten trioxide in concentrate.

The agreement will start once the processing plant has been commissioned.

The new offtake agreement with Traxys means that some 70% of the expected production from the Dolphin project is now covered under offtake agreements.

An updated feasiblity study estimated that the project would require start-up capital of A$72.1-million to bring the opencut operation into production to produce 20 t/y of tungsten over an eight-year mine life.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION