TNG Limited is committing extensive resources to the proposed development of the Darwin TIVAN® Processing Facility (DPF), which will be connected to its flagship Mount Peake Mine.
The DPF is proposed to be located at 658 Channel Island Road within Darwin’s Middle Arm Industrial Precinct. TNG will treat magnetite concentrate from the Mount Peake mine site using its patented TIVAN® process, which will enable the extraction and production of three high-value strategic elements – titanium dioxide, vanadium pentoxide and iron oxide – for export to customers globally from Darwin.
The DPF is being assessed at the level of Environmental Impact Statement by the Northern Territory Environment Protection Authority (“NT EPA”) under the Environmental Assessment Act 1982, and the Environment Protection and Biodiversity Conservation Act 1999, in accordance with the assessment Bilateral Agreement.
Public review of the Draft EIS occurred between 30 November 2019 and 21 February 2020. The document can be viewed electronically at the NT EPA website (www.ntepa.nt.gov.au/envirocomment).
Following the end of the public review period, TNG has received a “Direction to Prepare a Supplement to the Company’s Draft EIS” from the NT EPA, which is currently in progress.
Further updates on the status of the EIS can be found on the ASX Announcements page.