TNG signs life-of-mine offtake deal for Mount Peake vanadium

By Liz Gyekye
Published: Monday, 07 September 2015

The Australian explorer has finalised its vanadium offtake agreement with Woojin, marking another key step towards the financing and development of its Mount Peake vanadium-titanium-iron project. The news follows the conclusion of TNG’s definitive feasibility study, which was completed last month.

Australian junior TNG Ltd has signed the company’s first binding offtake agreement with Korean metals firm Woojin Co. Ltd  for the sale of up to 60% of the vanadium pentoxide (V2O5) production from its Mount Peake vanadium-titanium-iron project over its 15-year mine life in the Northern Territory of Australia....

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