Sandvik backs King Island Scheelite plan

KING Island Scheelite’s shares rose to almost A10c in early trade after the would-be tungsten miner announced it had locked in a take-or-pay offtake contract with a company owned by international engineering group Sandvik.

Sandvik backs King Island Scheelite plan Sandvik backs King Island Scheelite plan Sandvik backs King Island Scheelite plan Sandvik backs King Island Scheelite plan Sandvik backs King Island Scheelite plan

The Dolphin pit.

Sandvik's Austrian subsidiary Wolfram Bergbau und Hutten, which KIS described as a "world leading supplier of tungsten powders", has agreed to take 140,000 tonnes of the metal in concentrate or 1400t

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