Projects

TNG Limited

Mount Peake V Ti Fe

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.

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.

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