Projects

THE MOST ADVANCED VANADIUM PROJECT GLOBALLY

The Mount Peake Project is a world class strategic metals asset, located in Australia’s northern development hub, approximately 230km north of Alice Springs.

Mount Peake’s development will be a major boost for the Northern Territory economy, leveraging off its strategic location close to existing power and transport infrastructure, including the Alice Springs-Darwin railway, the Sturt Highway and an LPG pipeline.

PROJECT HIGHLIGHTS

• Located in excellent jurisdiction close to existing power and transport infrastructure
• Mine Site located approximately 230 km north of Alice Springs
• TIVAN® Processing Facility located 10 km from the darwin Port
• Vertically integrated from production to market
• JORC Measured, Indicated and Inferred Resource totalling 160Mt, grading 0.28% V₂0₅, 5.3% TiO₂ and 23% Fe
• Mine Site approval completed in 2018
• Darwin TIVAN® Processing Facility permits underway
• Game changing TIVAN® technology enabling breakthrough in high-purity product development
• Partnerships with Tier 1 development companies
• Off-take agreements in place

ROBUST FINANCIAL MODEL AND PROJECT ECONOMICS (as at August 2019¹)

• 37-year mine life
• A$2.8 billion NPV (at 8% discount rate)
• 33% IRR
• Pre-production Capex of A$824 million
• Capital payback 2.8 years
• Net annual operating cash flow A$359 million
• Life of Mine net cash-flow A$12.2 billion
• Total operating costs per tonne of ore processed at A$210²

TNG’s proprietary TIVAN® Process is a hydro-extraction process designed with German metallurgical plant supplier and development partner, SMS Group, to produce very high-purity vanadium pentoxide, titanium dioxide and iron oxide.

• Mount Peake Project Fact Sheet (1.69 Mb)

GEOLOGY

TNG discovered the deposit in 2008 whilst outlining magnetite-bearing gabbro containing high-grade vanadium, titanium and iron. Mineralisation commences at shallow depths making the deposit readily amendable to open pit mining.

Notes:

• Updated FEED Model assumptions include long-term A$:US$ exchange rate of 0.70; updated long-term price assumptions of US$25,400/tonne for V₂O₅ (US$11.50/lb), US$3,600.00/t TiO₂ pigment and US$102.00/tonne for high grade Fe₂O₃.
• Includes lease repayments.

ALL prices and outcomes are indicative only while FEED is progressing and is an interim study, not final.