Anuncio • Jul 19
Group 6 Metals Limited, Annual General Meeting, Aug 20, 2025 Group 6 Metals Limited, Annual General Meeting, Aug 20, 2025. Anuncio • Jul 03
Group 6 Metals Limited Auditor Raises 'Going Concern' Doubt Group 6 Metals Limited filed its Annual on Jul 01, 2025 for the period ending Jun 30, 2024. In this report its auditor, KPMG LLP - Klynveld Peat Marwick Goerdeler, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Anuncio • Dec 19
Group 6 Metals Limited Announces Company Secretary Changes Group 6 Metals Limited announced that Andrew Bickley has been appointed as Company Secretary, effective immediately. Mr. Bickley has more than 15 years of experience as a company secretary and governance professional for Australian and global organisations, having worked for listed companies, professional services firms and statutory agencies. He holds a Bachelor of Laws from the University of Essex and is a Fellow of both the Governance Institute of Australia and the Institute of Chartered Secretaries and Administrators. Mr. Bickley is also joint Company Secretary of Andean Silver Limited. Ms. Megan McPherson has notified the Board of her resignation as Company Secretary. Anuncio • Nov 01
Group 6 Metals Limited, Annual General Meeting, Nov 29, 2024 Group 6 Metals Limited, Annual General Meeting, Nov 29, 2024. Location: at the company`s brisbane office, suite 7c, level 7, 157, ann street brisbane qld 4000, Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (AU$3.9m revenue, or US$2.7m). Market cap is less than US$100m (AU$25.1m market cap, or US$17.4m). Buy Or Sell Opportunity • Aug 30
Now 20% overvalued Over the last 90 days, the stock has fallen 3.0% to AU$0.032. The fair value is estimated to be AU$0.027, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 162% over the last 3 years. Earnings per share has declined by 23%. Buy Or Sell Opportunity • Jul 22
Now 25% overvalued Over the last 90 days, the stock has fallen 38% to AU$0.033. The fair value is estimated to be AU$0.026, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 162% over the last 3 years. Earnings per share has declined by 23%. New Risk • May 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$61m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$3.9m revenue, or US$2.6m). Market cap is less than US$100m (AU$39.2m market cap, or US$25.9m). Anuncio • Sep 29
Group 6 Metals Limited, Annual General Meeting, Nov 16, 2023 Group 6 Metals Limited, Annual General Meeting, Nov 16, 2023. Anuncio • Aug 04
Group 6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.311705 million. Group 6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 4.311705 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,428,571
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,154,382
Price\Range: AUD 0.14
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: AUD 0.14
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 714,940
Price\Range: AUD 0.14 New Risk • Jun 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$67m free cash flow). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$116.7m market cap, or US$77.4m). Anuncio • May 12
Group 6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 21.974999 million. Group 6 Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 21.974999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 156,964,280
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Reserved Share Offering; Subsequent Direct Listing Anuncio • Feb 20
Group 6 Metals Limited Appoints Michael Zannes as CFO, Effective 6 March 2023 Group 6 Metals Limited announced that Michael Zannes will be joining the Company in a full-time capacity as Chief Financial Officer, effective 6 March 2023. Michael is a Certified Public Accountant, with more than 20 years' experience in the mining industry. He has developed an extensive background and knowledge through managing operational and corporate finance functions within resource companies, both in Australia and internationally. Thisincludes C-suite experience in the areas of financial reporting and analysis, tax, treasury, systems design and implementation, purchasing and logistics and business improvement. Michael previously held the role of Chief Financial Officer with Andromeda Metals Ltd. having been with Andromeda since June 2020 and was a key member of Andromeda's Executive Committee during this time. He also previously held various commercial roles with New Gold Inc., an international mining organisation listed on the Toronto and New York stock exchanges, which included Company Director and Secretary for New Gold's Australian divisions. He also held the role of General Manager of Australian operations for Peak Gold Mines based in Cobar, NSW, which was sold by New Gold Inc. to Aurelia Metals Limited in 2018. Michael spent almost 5 years from 2009 working with Whitehaven Coal Ltd. as Divisional Commercial Manager, where he established the commercial and financial functions for Whitehaven open-cut operations and which included greenfield development sites. In addition, he previously worked with Xstrata Copper in business development establishing finance and commercial functions for the project development division. With the creation of this sole CFO role, Megan McPherson will continue with Group 6 Metals as Company Secretary with her focus now directed towards the area of corporate governance and shareholder relations, functions which demand closer attention as Group 6 Metals nears production at its wholly-owned Dolphin Tungsten Mine, located on King Island, Tasmania. Anuncio • Jan 17
Group 6 Metals Limited Provides Dolphin Tungsten Mine Update Group 6 Metals Limited provided an update regarding construction activities at the Company's wholly owned Dolphin Tungsten Mine, located on King Island, Tasmania. Construction of the processing plant for the DTM continues to progress well against schedule for completion, commissioning and first production of concentrates in early 2023. The Company has been advised by its lead engineering, procurement, and construction (EPC) contractor, Gekko Systems Pty Ltd, of constraints that have caused higher than expected costs in execution of the EPC contract. These constraints relate to project-specific and market conditions impacting logistics, materials and installation costs, including inflation, shipping and transport, foreign currency exchange rates and labour constraints. The Company has been advised by its lead engineering, procurement, and construction (EPC) contractor, Gekko Systems Pty Ltd, of constraints that have caused higher than expected costs in execution of the EPC contract. These constraints relate to project-specific and market conditions impacting logistics, materials and installation costs, including inflation, shipping and transport, foreign currency exchange rates and labour constraints. In the meantime, Group 6 Metals and Gekko are taking joint action to mitigate these anticipated cost increases while optimising the safety, schedule and successful re-development of the DTM. The parties are also in discussions regarding options to limit the impact of these anticipated cost increases on the Company's cashflow while the plant is being commissioned and ramping up to nameplate production. While these newly anticipated construction costs are unfortunate, in today's high inflationary environment for construction projects they are difficult to mitigate against. The Company remains committed to the successful completion and commissioning of the Dolphin Tungsten Mine which has an initial 14-year mine life underpinned by Reserves, with significant regional exploration upside which the Company will restart drilling on next week. In light of the above, the Company has elected to extend the closing date for the SPP until the 1st February 2023 which will afford shareholders who have made an application for shares under the SPP time to amend or withdraw their application. A supplementary prospectus for the SPP will also be released by the Company in the coming days. Anuncio • Jan 04
Group 6 Metals Limited Provides an Update on the Regional Exploration Activities Surrounding the Company's Wholly Owned Dolphin Tungsten Mine, Located on King Island, Tasmania Group 6 Metals Limited provided an update on the regional exploration activities surrounding the Company's wholly owned Dolphin Tungsten Mine ("DTM"), located on King Island, Tasmania. Group 6 Metals has mobilised an exploration drill rig to King Island to conduct a drill program comprising 3 diamond core holes to test the western margin of the Grassy Granite, south of the Investigator 21 Prospect and 1 drillhole as a step-out to the north of the Investigator 21 project. Drilling is to commence in mid-January. The planned program comprises up to 1,000m of diamond core drilling. It is estimated that the program will take approximately 6 weeks to complete. Assay results are expected to take a further six weeks following completion of drilling. The primary objective of the drilling is to intersect the Upper Grassy Group formation which hosts the tungsten resources at Dolphin and Bold Head. An additional drillhole is targeting an extension of previously encountered mineralisation as a northerly extension of the Investigator 21 project. The Company drilled Investigator 21 Prospect in the first half of 2018 and successfully defined scheelite bearing skarn mineralisation in three of four holes completed with the following high grade intersections; KI060 103.2 106.3 3.0m @ 0.5% WO3; 181.5 184.4 2.6m @ 0.5% WO3. KI062 90.4 93.0 3.0m @ 0.4% WO3; 103.2 106.5 3.3m @ 1.7% WO3. The Investigator 21 Prospect is located 6km west of the DTM and has similar geology to both it and the Bold Head Resource. It is one of several priority target areas identified by the Company on its 100% owned Exploration Licence EL 19/2001 which covers approximately 63km2. The previously identified high-grade mineralisation highlights the prospectivity of the tenement, with one hole intersecting 3.3m at 1.7% WO3. The intersection is geologically significant as it confirms the high-grade tenor of mineralisation at three separate locations on the periphery of the Grassy Granodiorite (DTM, Bold Head and Investigator) which upgrades the overall exploration potential of this large, mineralised intrusion. Based on regional geological mapping the metamorphic aureole for scheelite skarn mineralization has a strike distance of at least 9km with limited exploration drilling having been undertaken to date. Pending the success of this and future drilling campaigns, the company would seek to delineate an economic reserve which would extend the life of mine well beyond the currently 14 years. Anuncio • Dec 20
Group 6 Metals Limited Provides Update on Dolphin Tungsten Mine Development Group 6 Metals Limited provided an update on the construction activities at the Company's wholly owned Dolphin Tungsten Mine ("DTM"), located on King Island, Tasmania. Construction of the process plant is progressing well with a significant increase in mechanical equipment installation activities over the past two months. All of the major OEM equipment has been delivered to site and the Gekko Systems construction team is accelerating the works for the remainder of the year in preparation for commissioning in early 2023. Mechanical and electrical installation for the crushing and screening circuit have been completed, and power has been turned on for the start of the pre-commissioning and testing for this area. While commissioning of the crushing and screening circuit continues, the Gekko construction team has transitioned to completing the installation of the downstream grinding and fine ore screening area, motor control centers (MCCs) and control room, installation of shaking tables and final product preparation areas inside the main process shed. In parallel the G6M team is progressing the stage 1 mining area pre-strip excavating historically stockpiled rock to use for construction of the TSF and remaining mine site support infrastructure in anticipation for processing first ore through the process plant in March 2023. Following the Company's successful capital raise in late November, a group of brokers and investors visited the site to inspect progress of the construction activities. The site visit was a resounding success with very positive feedback on progress made to date. Group 6 Metals intends to mobilize a drill rig to King Island early in 2023, to conduct a drill program comprising 3-4 diamond core holes to test the western margin of the Grassy Granite, north of the Investigator 21 Prospect in early January. The Company had success when it last drilled at Investigator in 2018, having identified high grade mineralization with one hole intersecting 3.3m at 1.7% WO3. The intersection is geologically significant as it confirms the high-grade tenor of mineralization at three separate locations on the periphery of the Grassy Granodiorite (Dolphin, Bold Head and Investigator) which upgrades the overall exploration potential of this large, mineralized intrusion. Pending the success of future drilling campaigns, the company would seek to delineate an economic reserve which would extend the life of mine beyond the currently 14 years. Recent Insider Transactions Derivative • Dec 09
Non-Executive Chairman exercised options to buy AU$227k worth of stock. On the 6th of December, Johann Jooste-Jacobs exercised options to buy 1m shares at a strike price of around AU$0.095, costing a total of AU$130k. This transaction amounted to 20% of their direct individual holding at the time of the trade. Since June 2022, Johann has owned 6.82m shares directly. This was the only transaction from an insider over the last 12 months. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Oct 31
Group 6 Metals Limited Provides an Update to the Project Economics for the it's Wholly Owned Dolphin Tungsten Mine, Located on King Island, Tasmania Group 6 Metals Limited provided an update to the project economics for the Company's wholly owned Dolphin Tungsten Mine, located on King Island, Tasmania. The Company advises that its team on site has undertaken a detailed review of costs associated to complete construction activities and the working capital requirements to achieve steady state production amid concerns of rising costs due to global inflationary pressures. The review has identified several areas of cost escalation, however pleasingly, these increased costs are more than offset by sustained higher APT prices and favourable FX rates. The updated project economics are provided following a detailed review of CAPEX cost to complete, and updated OPEX costs. Input costs have been adjusted to account for project design enhancements, increased inflation for materials and labour costs, and increased energy costs. Input costs have been updated but are based on the work completed and referred to in the Revised Feasibility Study ("RFS") released in December 2020. Anuncio • Oct 06
Group 6 Metals Announces Dolphin Tungsten Mine Development Update Group 6 Metals Limited provided an update on the latest construction activities at the Company's wholly owned Dolphin Tungsten Mine ("DTM"), located on King Island, Tasmania. Construction of the process plant is progressing well with substantial completion of the civil works and a significant increase in mechanical equipment installation activities. With most of the OEM equipment delivered to site, the Gekko Systems team will progress the works for the remainder of the year in preparation for commissioning in early 2023. The Company has made substantial progress on the installation of the crushing, screening and material handling equipment and associated supporting structures, with mechanical installation substantially complete and electrical installation commenced. The main process building is mostly complete, and installation of internal equipment has commenced. Construction works at the TSF have progressed since reporting last, with installation of the diversion and base drains completed, and commencement of construction of the TSF walls. The TSF is being constructed on the historic TSF site, minimising disturbance to virgin vegetation, and using materials that are being reclaimed from within the proposed mine open cut pit shell. As previously announced, the Company has received two grants under the EDGI program totalling $75,000 for exploration drilling on the Company's Exploration Licence EL 19/2001. Group 6 Metals is undertaking planning activities to mobilise a drill rig to King Island in early November, to conduct a drill program comprising 3-4 diamond core holes to test the western margin of the Grassy Granite, north of the Investigator 21 Prospect. Anuncio • Sep 16
Group 6 Metals Limited, Annual General Meeting, Nov 08, 2022 Group 6 Metals Limited, Annual General Meeting, Nov 08, 2022. Anuncio • Aug 31
Group 6 Metals Limited Announces Executive Changes Group 6 Metals Limited announced that the Board of Directors has appointed current CEO, Keith McKnight, as Managing Director and Chief Executive Officer, effective immediately. Keith has served as Chief Executive Officer of the Company since January 2022. The terms and conditions of appointment remain otherwise unchanged. The Company also advises that following this appointment, Chairman Johann Jacobs has elected torelinquish his executive role with the Company. Johann will continue to serve as Non-Executive Chairman of Group 6 Metals. Anuncio • Aug 25
Group 6 Metals Limited Provides an Update on the Latest Construction Activities At Dolphin Tungsten Mine, Located on King Island, Tasmania Group 6 Metals Limited provided an update on the latest construction activities at the Company's wholly owned Dolphin Tungsten Mine, located on King Island, Tasmania. As the Company ramps up to peak construction activity on site at Dolphin, it is pleased to advise that activities remain on track to achieve first concentrate production in first quarter of 2023. Development of the overall site is progressing well, with the haul and access roads being further developed to improve access to the process plant area for mechanical installation works. The ROM pad earthworks & wall are progressing steadily, which are set 10m above the ground level of the process plant. Excellent progress has been made on the installation of the crushing, screening and material handling equipment and associated supporting structures. The main process building has been erected and is being prepared for the installation of the civil slab and plinths, prior to commencing installation of equipment. Most of the major OEM equipment has been delivered to site or is undergoing testing at Gekko's factory at Ballarat, ahead of being delivered to site. Works have commenced on the construction of the Tailing Storage Facility, with vegetation clearance complete and earthworks ongoing in preparation for construction of the TSF walls. The TSF is being constructed on the historic TSF site, minimising disturbance to virgin vegetation, and using materials that are being reclaimed from the proposed mine pit shell. Dolphin Tungsten Mine Power Supply Upon review of the permanent power supply solution for the site, the Company has elected to install its own dedicated diesel power station as an interim solution, to supply power to the mine and process plant. Group 6 Metals has made this decision based on the following key points: Connecting to the King Island electrical grid would result in the mine receiving a small percentage of the current renewable energy capacity available on King Island, with most of the power being generated by diesel generators at the Currie Power Station. The transmission upgrade costs to provide the permanent demand to the mine site have significantly escalated making it an uneconomic solution for the mine. Reliability and operational flexibility requirements of the process plant to maintain steady state production are better achieved with a dedicated, off grind power station. The Company has commenced work on a longer-term permanent power solution for the site, whereby a significant proportion will be sourced from renewable generation resulting in lower emissions and power costs. Further details will be provided once this work has been completed. Anuncio • Jul 07
Group 6 Metals Limited Provides Update on Latest Construction Activities At Dolphin Tungsten Mine Group 6 Metals Limited provided an update on the latest construction activities at the Company's wholly owned Dolphin Tungsten Mine, located on King Island, Tasmania. Civil works for the crushing circuit have been completed and the area has been handed over to Gekko to commence mechanical installation of the primary crusher. Significant progress has also been made on the installation of the internal access road providing crane access for installation works. Civil works for the main process building have commenced and it is expected that handover for the construction of the building will occur mid-July. Electrical installation works are ongoing with installation of pits and conduits for distribution of power to process plant, workshop, and site office buildings. The overhead power line from the King Island grid has been installed and once connected to site electrical distribution board, power will be made available to the site for major construction activities. Deliveries of OEM equipment and materials is ramping up with laydown areas prepared, major OEM equipment can be received in anticipation of the process plant installation works over the next 4-5 months. G6M advises that due to an increasing number of Covid-19 cases on King Island, the Company has, in accordance with the Tasmanian Department of Health, implemented Covid Safe measures across its local team and worksite to mitigate any delay to the ongoing construction at the Dolphin Tungsten Mine. Anuncio • Jun 21
Group 6 Metals Limited Releases Construction Update Regarding Ongoing Progress At the Company's Wholly Owned Dolphin Tungsten Mine Group 6 Metals Limited released a construction update regarding ongoing progress at the Company's wholly owned Dolphin Tungsten Mine, located on King Island, Tasmania. Group 6 Metals remains on target to produce first concentrate from the Dolphin Tungsten Mine in First Quarter 2023. Earthworks for the Process Plant were completed at the end of April and the area was handed over for installation of civil structures required to support the process plant equipment. The crusher circuit is expected to be completed by the end of June, which will then allow Gekko to commence mechanical installation works for this area. Major mechanical equipment started arriving at the beginning of June and all equipment has either arrived at Gekko's facilities at Ballarat in Victoria for factory acceptance testing or is currently in transit. Most of these deliveries are expected on site by July end. The overhead power line connecting the mine site to the King Island grid has been installed and trenching for the electrical conduits required to deliver power from the main switch board to the process plant equipment has commenced. Power from the King Island grid for construction activities is expected to be made available in July, which has been coordinated with the commencement of major installation works for the Process Plant. Significant progress has been made for the re-alignment and leveling of the run of mine (ROM) haul road which will be used to haul ore mined from the Dolphin open pit to the ROM stockpile. Due to the non-acid forming nature of the overburden, road base materials are being recovered from site which reduces mining costs. Installation of the process plant access roads has commenced which is required for mechanical installation works due to start in July. Single Person Quarter (SPQ) accommodation modular buildings have been delivered to site and installation of SPQ West (Campus Village) is well advanced and expected to be available for use in July. Construction of SPQ East (Club Village) will commence in July, and once both are completed, will accommodate over 50% of the peak construction workforce. Approval for the Tailings Storage Facility (TSF) which is located at the site of the historic tailings storage facility has been received and construction will commenc in July. By locating the TSF at the historic site, disturbance to native vegetation is considerably minimised, in line with the Company's policy to redevelop the Dolphin Tungsten Mine in a sustainable and responsible manner. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Mar 02
Group 6 Metals Limited Announces Executive Changes Group 6 Metals Limited announced that Mr. Ian Morgan has retired as the Company's secretary and the person responsible for communication with the ASX, effective 1 March 2022, Ms. Megan McPherson is appointed as the Company's secretary and the person responsible for communication with the ASX. Anuncio • Jan 31
Group 6 Metals Limited Appoints Megan Mcpherson as Chief Financial Officer Group 6 Metals Limited advised that Megan McPherson has joined the Company in a full-time capacity as Chief Financial Officer. Ms McPherson has been contracting with G6M as CFO since August 2020. Megan is a Chartered Accountant with more than 18 years of commercial and public practice experience across multiple jurisdictions including ASX and NASDAQ listed companies. Having commenced her career with Macquarie Bank, currently Ms McPherson provides CFO/Company Secretary services as a consultant to several public and private companies in the mining industry. As CFO of G6M and the head of the finance team, Megan will manage the day-to-day operations of the division, its people and resources. Anuncio • Jan 28
Group 6 Metals Limited Commences on Site in King Island, Tasmania for the Redevelopment of Dolphin Tungsten Mine Group 6 Metals Limited announced that construction activities have commenced on site in King Island, Tasmania for the redevelopment of the Company's 100%-owned Dolphin Tungsten Mine. The Dolphin Tungsten Mine is host to the highest-grade tungsten deposit of significant size in the western world. Following the arrival of the first dozer to the mine site on 20 January 2022 and having obtained all the requisite regulatory approvals, stripping and stockpiling of vegetation and topsoil commenced on 26 January 2022. These activities are a precursor to the commencement of bulk earthworks required for the civil works on which the processing plant will be constructed. Anuncio • Jan 19
Group 6 Metals Limited Provides Operational Update and Project Overview for the Redevelopment of 100%-Owned Dolphin Tungsten Mine Group 6 Metals Limited provided investors with an operational update and project overview for the redevelopment of the Company's 100%-owned Dolphin Tungsten Mine, located on King Island, Tasmania. The Dolphin Tungsten Mine is host to the highest-grade tungsten deposit of significant size in the western world. The Company looks forward to the recommencement of mining from this world-class asset. Following Group 6 Metals' recent achievement of full funding to commence its trajectory to becoming a significant tungsten producer, the Company committed to long lead-time items by paying deposits in order to fast-track construction activities. The Company has overcome challenges in the international supply chain to secure an expected delivery date in the third week of January 2022 for the previously ordered CAT D8T bulldozer. With activities on the ground commencing shortly, receipt of the bulldozer will enable Group 6 Metals to rapidly proceed to earthworks and then to the civils for the construction of plant. Recent Insider Transactions Derivative • Aug 05
Executive Director exercised options to buy AU$1.0m worth of stock. On the 1st of August, Christopher Ellis exercised options to buy 6m shares at a strike price of around AU$0.10, costing a total of AU$552k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. As of today, Christopher currently holds no shares directly. Company insiders have collectively bought AU$250k more than they sold, via options and on-market transactions, in the last 12 months. Anuncio • May 29
King Island Scheelite Limited Announces Multi Gravity Separators Confirm Results for Dolphin Project King Island Scheelite Limited provided an update to previous announcements made in relation to metallurgical test-work performed on multi gravity separators. As advised to the market on 9 December 2020, significant test-work was undertaken by ALS in Burnie, Tasmania utilising a pilot-scale Multi Gravity Separator ("MGS") as a means of separating heavy scheelite particles and rejecting lighter calcite particles for ore from Company's the Dolphin Tungsten
Mine. The results achieved in the pilot scale machine were extremely encouraging and prompted the Company to verify the scale-up factors in a full-scale machine. During the last quarter, KIS entered into a rental/purchase agreement with the suppliers of the MGS machines, resulting in a full scale machine arriving in Burnie on 1st April 2021. During that quarter, the Company also extracted a 10 tonne representative ore sample from Dolphin
and shipped it to Burnie. First stage "sighter" tests were commenced in early April, focusing on metallurgical performance and throughput. Results to date have confirmed the number of units incorporated in the Revised Feasibility Study to be required for full scale production. The concentrate from these tests has been fed to the dressing stage (flotation) with results that are consistent with the best pilot scale results in terms of grade and recovery to dressed concentrate. Anuncio • Mar 17
King Island Scheelite Limited announced that it has received AUD 5.6 million in funding from D.A.CH.S. Capital AG and other investors King Island Scheelite Limited (ASX:KIS) announced that it has undertaken a private placement of 28,000,000 shares at issue price of AUD 0.20 per share for gross proceeds of AUD 5,600,000 on March 16, 2021. The transaction included participation from returning investor, D.A.CH.S. Capital AG for 20,000,000 shares for gross proceeds of AUD 4,000,000 and Australian professional investors for the remaining shares. The proposed issue date for the securities is March 22, 2021. Is New 90 Day High Low • Mar 16
New 90-day high: AU$0.27 The company is up 157% from a price of AU$0.10 on 16 December 2020. Outperformed the Australian market which is up 3.0% over the last 90 days. Exceeded the Metals and Mining industry, which is up 7.0% over the same period. Recent Insider Transactions Derivative • Feb 19
Executive Chairman & CEO exercised options and sold AU$58k worth of stock On the 10th of February, Johann Jooste-Jacobs exercised 1.63m options at around AU$0.06, then sold 400k of the shares acquired at an average of AU$0.23 per share and kept the remainder. For the year to June 2020, Johann's total compensation was 18% salary and 82% non-salary (Indicating these sales could comprise a meaningful part of their income for the year). Since June 2020, Johann's direct individual holding has increased from 3.99m shares to 5.21m. Company insiders have collectively sold AU$302k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Feb 12
Executive Chairman & CEO exercised options to buy AU$319k worth of stock. On the 5th of February, Johann Jooste-Jacobs exercised 1.63m options at around AU$0.08, then sold 400.00k of them at AU$0.23 each and kept the remainder. Since June 2020, Johann has owned 3.99m shares directly. Company insiders have collectively bought AU$20k more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Feb 04
New 90-day high: AU$0.24 The company is up 133% from its price of AU$0.10 on 06 November 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Anuncio • Dec 17
King Island Scheelite Limited Provides the Results of Completed Revised Feasibility Study and Updated Mineral Reserve Estimate, for the Company's 100% Owned Dolphin Tungsten Project King Island Scheelite Limited provided the results of the recently completed Revised Feasibility Study and Updated Mineral Reserve Estimate ("RFS"), for the Company's 100% owned Dolphin Tungsten Project, located on King Island, Tasmania, based on studies conducted by a number of independent consultants and KIS staff. King Island Scheelite Limited ("KIS") holds mining and exploration tenure over the historic Dolphin and Bold Head Scheelite Mines on Mining Lease 2080P/M and the highly prospective EL19/2001 near Grassy, southeast King Island. This Revised Feasibility Study ("RFS") and updated Mineral Reserve Estimation has been undertaken in compliance with the requirements of the reporting guidelines of the 2012 Joint Ore Reserves Committee of The Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia, (the JORC Code 2012) which are aligned to the Committee for Mineral Reserves International Reporting Standards Definitions (the CRIRSCO Standard). KIS proposes to extend the historic Dolphin Open Cut (OC) mine, eastward to a depth of -140m RL, to recover remnant ore from the historic underground operation by means of an 8 year OC mine. On completion of the proposed Dolphin OC, a further 6 years of underground (UG) mining is planned from ore resources between -140 m RL to -300 m RL extending total project life to 14 years. At a 0.2% WO3 cut off, the Dolphin OC contains a total of 2.93Mt of Probable Reserves at an average grade of 0.76% WO3 with a Run of Mine strip ratio of 10.3 t/t. At a 0.7% WO3 cut off, the Dolphin UG contains a total of 1.50Mt of Probable Reserves at an average grade of 1.24% WO3. Both OC and UG reserves are classified according to the guidelines of the 2012 edition of the JORC Code. In addition to the proposed mining developments, the project requires the construction of a gravity process plant, supplemented by a concentrate dressing circuit, together with mine infrastructure. This RFS and Mineral Reserve Estimation updates technical studies completed since the KIS 2019 Feasibility Study (FS) and Revised Mineral Reserve. The Dolphin OC design has not materially changed from the 2019 reserve estimation. The OC production schedule and mining equipment requirements have been revised from previous estimates resulting in minor changes to estimated capital and operating costs which are updated in this study. The OC operation is planned to mine and process approximately 400ktpa of ore for eight years to produce approximately
26,800t of WO3 concentrate. Anuncio • Dec 09
King Island Scheelite Limited, Annual General Meeting, Jan 08, 2021 King Island Scheelite Limited, Annual General Meeting, Jan 08, 2021, at 11:00 AUS Eastern Standard Time. Location: at Suite 26.01, Level 26, Suncorp Place, 259 George Street, Sydney NSW 2000 Sydney Nsw 2000 Australia Agenda: To consider adopts the Remuneration Report for the financial year ended 30 June 2020; to consider re-election of director chris ellis; ratification of prior issue of shares under October 2020 placement (tranche 1); approval to issue equity securities under October 2020 placement (tranche 2) to unrelated persons; approval to issue equity securities under October 2020 placement (tranche 2) to a related party (chris ellis); approval to issue quoted options to mac equity; approval to issue performance options to a related party (johann jacobs); to issue performance options to a related party (chris ellis); and to consider any other matters. Anuncio • Aug 23
King Island Scheelite Limited Auditor Raises 'Going Concern' Doubt King Island Scheelite Limited filed its Annual on Aug 20, 2020 for the period ending Jun 30, 2020. In this report its auditor, KPMG LLP - Klynveld Peat Marwick Goerdeler, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 