Sept 2 (Reuters) - King Island Scheelite Ltd KIS.AX :
* ENTERED INTO OFFTAKE AGREEMENT WITH KALON RESOURCES LIMITED FOR SUPPLY OF 1,500 TONNES, PER ANNUM, OF TUNGSTEN CONCENTRATE
* TUNGSTEN CONCENTRATE TO BE SUPPLIED FROM CO'S WHOLLY OWNED DOLPHIN TUNGSTEN MINE ON KING ISLAND, TASMANIA
* AGREEMENT WITH KALON REPRESENTS APPROXIMATELY 50% OF DOLPHIN'S EXPECTED ANNUAL PRODUCTION
* CURRENT TUNGSTEN PRICING WOULD SEE KIS EARN SALES REVENUE OF ABOUT A$69 MILLION OVER THREE‐YEAR AGREEMENT
* AGREEMENT WILL COMMENCE WITH DELIVERY OF 75 TONNES / MONTH FOR TWO CONSECUTIVE MONTHS, BEING 3 FULL CONTAINER LOADS/ MONTH