TNG pushes ahead with final funding for Mount Peake project following DFS
Published: Monday, 03 August 2015
Against the backdrop of a challenging commodity market, the company has completed its DFS for the Mount Peake vanadium-titanium-iron development near Alice Springs in Australia. Managing director Paul Burton said its DFS results exceeded expectations and will enable TNG to move ahead to complete funding and off-take agreements.
Australian junior TNG Ltd has published a
definitive feasibility study (DFS) into its Mount Peake
vanadium-titanium-iron project in the Northern Territory of
Australia and has attached a capital cost of Australian dollar
(A$) 970m ($707m*) to develop the venture.
In a statement, the company said that the Mount Peake