King Island Scheelite Limited is an Australia-based mineral exploration company. During the fiscal year ended June 30, 2012 (fiscal 2012), the Company was principally engaged in the development of the tungsten mine on King Island through the Dolphin Joint Venture (DJV), and the exploration and evaluation of tenements in North West Tasmania through the Balfour Joint Venture (BJV). DJV is a joint venture with Hunan Nonferrous Metals Corporation Ltd which is contingent on the extraction of tungsten ore or concentrate from the Dolphin Project on King Island. The Company�s wholly owned Dolphin project is focused on the redevelopment of the tungsten deposit on King Island. The Company also continues to explore within the BJV tenements in North West Tasmania. The Company�s whooly owned subsidiaries include Scheelite Management Pty Ltd, GTN Tanzania Pty Ltd and Australian Tungsten Pty Ltd.