As reported in Group 6's operational update and project overview, the company raised the required $88 million to fund redevelopment of the project in October.

Money was earmarked for the purchase of key equipment, mobile mining equipment, processing plant development and civil infrastructure construction, with Group 6 putting down deposits on key long lead-time items to fast-track delivery.

Activities on the ground are expected to start once the bulldozer arrives on site.

Tasks to be done include stripping and stockpiling of vegetation and top soil, followed by bulk earthworks for the processing plant.

Group 6 is hoping to be mining by November 2022, with the first shipment pencilled in for March 2023.

Group 6 Metals executive director Johann Jacobs said the company looked forward to the restart of mining at the high-grade tungsten deposit.

The company will also likely get a fillip from the Tasmanian government's decision to invest more than $2.4 million to build a multi-user roll-on roll-off ramp at the Port of Devonport to support King Island's freight shipping.

Works have begun and Tasports advises the ramp will be operational in March.

The contract to build the ramp has been awarded to Tasmanian company Bridgepro Engineering.