PERTH (miningweekly.com) – ASX-listed TNG has secured the approval of all traditional owners for the construction of its Mount Peake titanium/vanadium/iron project, in the Northern Territory.
MD Paul Burton said on Wednesday that the receipt of the final traditional owner approvals, for the haul road causeways, marked an important step in final approvals required to start mine development at Mt Peake.
“TNG has built a very strong relationship with the traditional owners and all stakeholders in the area since the discovery of the deposit, and this will stand us in good stead as we move ahead into the development and construction phase.”
No further heritage approvals are required for TNG to proceed with the project development, after the company obtained a Sacred Site Clearance for the mining operation in July last year. Clearance for the bore field and water pipeline route was obtained in January this year.
The A$970-million Mt Peake project will be developed in two stages, with Stage 1 comprising a three-million-tonne-a-year operation, expanding to six-million tonnes a year in Stage 2, after four years of production.
The project is expected to produce an average of 17 560 t/y of vanadium oxide, 236 000 t/y of titanium dioxide and a further 637 000 t/y of pig iron.
Edited by: Creamer Media Reporter
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