Australia's King Island marks best day in 9 months on project redevelopment

Group 6 Metals

11/11/2021 02:46

** Shares of tungsten producer King Island Scheelite
 KIS.AX  rise as much as 35.7% to A$0.19, their biggest intraday
pct gain since Feb 4
    ** KIS confirms redevelopment of Dolphin Tungsten project
located on King Island in Tasmania  urn:newsml:reuters.com:*:nASX9TS4j3
    ** Says will soon provide timeline to produce concentrate
that will be exported to the international market 
    ** Stock hits highest level since Sept 14
    ** More than 5.5 mln shares change hands, nearly 6 times
their 30-day avg 
    ** Stock up ~40% so far this year, as of last close 
    

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))