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