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King Island Scheelite Ltd.
Summary
| Project: | Dolphin | |
|---|---|---|
| Deposit: | Dolphin | |
| Location: | Australia | |
| Commodities: | Tungsten | |
| Date: | 5/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-5-2019: King Island Scheelite Ltd. announces a Scoping Study report for its Dolphin deposit at the Dolphin project. Economic analysis results incl. pre-tax NPV of A $153M, IRR of 46%. King Island Scheelite CEO, Johann Jacobs, said: “The King Island Sc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | King Island Scheelite CEO, Johann Jacobs, said: “The King Island Scheelite team has actively progressed and de‐risked the 100% owned Dolphin tungsten project, both technically and commercially. As part of this process, we commissioned independent consultants to provide inputs into a financial model to prepare scenario analysis to assist in interpreting the net present value ranges, attractive potential returns and rapid expected payback period, associated with the Dolphin Open‐cut Project. The impressive indicative economics reiterate that we have chosen to develop the right project with the right commodity in the right place and time. Having recently secured the first of what we anticipate to be several multi‐year offtake agreements, and with flexibility in the operating site, adjacent port links and a supportive local community, we now look forward to achieving frequent operational milestones as we proceed to tungsten production anticipated in 2020.” Operating Costs Operating costs were determined as detailed in the section Financial Model Input Assumptions. The resultant average life of mine costs are as follow | |
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