TNG Limited was today featured in an article by Craig Dunlop in the NT News (5th August 2015), 'TNG To Invest $1.7 Billion
And Create 300 Jobs Through New Territory Mine'.
Within the article, the Mt Peake vanadium and titanium operation is discussed as certain to move forward, creating approximately $1.7 billion whilst also
employing hundreds of people in the Top End and Western Australia. The mine will have forecasted operating life of 17 years and a 40 year refinery
operational life (Dunlop, 2015).
To view the article, visit the NT News website:
As written by Breakaway Research on TNG Limited (April 2015)
TNG has continued to make good progress on the DFS and commercialisation of its Mount Peake V-Ti-Fe Project in the Northern Territory of Australia. Key recent advancements include the signing of binding offtake and technology transfer term sheets with WOOJIN, a major player in the global vanadium field, and a potential financing and development partner.
The final technical elements of the DFS are also underway, with completion expected mid-2015. The key will be the TIVAN® Pilot Plant testwork, to be overseen by SMS Siemag, a leading global metallurgical engineering group.
More encouraging exploration results at McArthur River have boosted the potential of this project, with this set to be a key element of the proposed spin out of non-core assets into Todd River Resources.
We maintain our SPECULATIVE BUY recommendation for TNG, with price drivers including TIVAN® pilot plant success, returning a positive DFS and securing project offtake, finance and development agreements.
TNG is concentrating activities on the DFS for its flagship Mount Peake V-Ti-Fe project, located north of Alice Springs in the Northern Territory. The project has the potential to be a major global supplier of premium grade vanadium, as well as high purity iron and titanium products.
The TIVAN® hydrometallurgical process is being developed by TNG and partners to be a low cost method of leaching titano-magnetite concentrates to extract all valuable components, including vanadium, iron and titanium.
The Company also holds a number of other base and precious metals projects in the Northern Territory, which it plans to spin out, via IPO, into Todd River Resources.
TNG Limited (“TNG” or “the Company”), in which Breakaway initiated coverage in October 2012, is an ASX listed explorer and developer.
The flagship project is the 100% owned Mount Peake V-Ti-Fe Project, located 235km north of Alice Springs in the Northern Territory (“NT”) of Australia, which has resources of 160Mt grading 0.28% V2O5, 5.3% TiO2 and 23% Fe (with significant upside), and the potential to become a major, low-cost global vanadium producer.
Click here to be taken to full April 2015 report:
N.B. Breakaway Research is currently working on an update report, with an anticipated release date of August 2015.
About TNG Limited
TNG Ltd is an Australian resource company focused on the exploration, evaluation and development of a multi-commodity resource portfolio in the Northern Territory and Western Australia.
TNG’s main focus is the evaluation and development of its 100%-owned Mount Peake Vanadium-Titanium-Iron Project, located in the highly prospective Arunta Geological Province some 80km north-east of Alice Springs in the Northern Territory.
Discovered by TNG in early 2008, the Mount Peake Project comprises a current JORC Indicated Resource of 140Mt grading 0.3% V205, 9% Ti02 and 35% Fe, making it one of the largest of the known vanadium projects in Australia.
Work carried out by TNG to date has enabled the Company to establish an Exploration Target1 of 500-700Mt grading 0.2-0.4% V205 and 25-35% Fe in addition to the JORC resource, potentially making the Mount Peake Vanadium Project one of the largest vanadium deposits in the world.
A preliminary Scoping Study carried out by Snowden Mining Industry Consultants in 2009 demonstrated positive economics based on the Inferred Resource, and a revised final Scoping Study is due to be released in early 2011.
This Study is expected to confirm that the current JORC resource can underpin a robust long-life operation based on the use of a revolutionary hydrometallurgical process developed jointly by TNG and Perth-based Metallurgical consultants (METS) which enables all three products – Vanadium, Titanium and Iron – to be economically extracted.
The project is strategically located close to existing infrastructure, including the Alice Springs-Darwin Railway, Stuart Highway and the new LPG pipeline, 20km to its east.
Vanadium is a “miracle metal” which is used to impart strength, hardness and water resistance to steel, in the manufacture of titanium alloys used in jet engines, airframes and other high-end specialty materials, and in the chemical industry, notably in batteries, plastic, glass and pigments.
Steel accounts for over 85% of vanadium demand, with consumption predicted to increase at similar rates to the growth of the global steel industry – driven by the rapid expansion of the Chinese economy and growing per capita use and intensity of use of steel in the BRIC economies (Brazil, Russia, India and China).
While its focus is the Mount Peake Project, TNG also has a broad range of exploration projects in the Northern Territory ranging from advanced projects with existing resources, to greenfields exploration. Its tenements include exposure to a wide range of commodities including gold, lead, zinc, nickel and copper.
These include the 100%-owned Manbarrum Zinc-Lead-Silver Project, located 70km north-east of Kununurra. The Manbarrum tenements cover a 52km strike length of identified zinc-lead-silver mineralisation of the Mississippi Valley Type (MVT) including a 36 million tonne resource inventory of combined zinc, lead and silver resources.
TNG’s other assets include a 20% free-carried interest in the Cawse Extended Project, convertible to a 2% net smelter return, which is located adjacent to the Cawse Nickel-Cobalt Operation in Western Australia.
TNG is listed on the Australian Securities Exchange (Ticker: TNG) and also on several European Bourses including Frankfurt.
TNG's Board of Directors and management team have extensive experience in the mining and exploration industries – both in Australia and internationally. They are committed to increasing shareholder value by carrying out exploration and maximising the Company’s leverage to discoveries. (Source: TNG Limited Website: http://www.tngltd.com.au/about_us/company_overview.phtml)
About Breakaway Research
It is increasingly difficult for junior resources companies to obtain coverage by major brokerage houses, and difficult for investors to find investment advice independent of stockbrokers, hence Breakaway Research is one of the fastest growing equities research companies in Australia.
Breakaway Research is part of the Breakaway Investment Group (Australian Financial Services Licence 290093), a well-established niche advisory firm specialising in equities research, funds management, private equity funding and corporate advisory services in the mining and energy industries throughout the Asia-Pacific region.
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