TNG Limited
Iron Oxide – Fe2O3
Overview
- High purity hematite is used for steel production
- Significant and fast growing demand in the neighbouring Asian region
TNG Production and Off-take
- TNG production of 500,000 tpa iron ore fines
- 0.5% of iron oxide fines seaborne demand
- Fe content over 64.4%, strong premium over the benchmark 62% grade
- Asian region to easily absorb TNG’s production
- Reduce logistical costs
- Life-of-Mine Off-take Agreement with Vimson Group for 100% of TNG’s expected iron ore products
