BALFOUR

King Island Scheelite announced that the Balfour Joint Venture has intersected magnetite, copper and gold mineralisation in altered and fractured / vein-filled rocks at the apex of a discrete coincident gravity and magnetic susceptibility anomaly in the Proterozoic Rocky Cape Group. Results from these first two exploratory diamond drill holes include hole R41S-01, returning 5 m @ 0.9% Cu, 0.1 g/t Au from 54 m / magnetite-copper-gold mineralisation with chlorite alteration.

King Island Scheelite announced assay results from the drilling program at Specimen Hill prospect within Balfour project located in Tasmania, Australia. Highlights include hole R41S - 01 which intersected 5.0 m at 0.9% copper and 0.1 g/t gold from 54.0 m.

King Island Scheelite announced an update on the ongoing drill program on the Balfour JV project, Tasmania, Australia. Four holes were drilled during October / November and numerous mineralized veins were intersected. Highlights include; Hole BJV002 which intersected 2.2% WO3 between 71.0 and 72.0 m and hole BJV003 which intersected 1.0% Sn between 159.0 and 160.0 m. The first phase of this program focused on drilling the Specimen Hill Prospect.