TNG pushes ahead with final funding for Mount Peake project following DFS

By Liz Gyekye
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 project would...

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