Ann: Dolphin Tungsten MIne Development Update, page-16

Here is some clarification recently published in the King Island Courier.


“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-grid 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.”