VANADIUM/TITANIUM
An updated feasibility study and financial model for the Mount Peake vanadium/titanium/iron project in the Northern Territory have lowered capital costs and improved financial parameters, setting the stage for strategic metals company TNG to move ahead and secure project funding.
The updated feasibility study, which was led and compiled by Snowden, has achieved a new preproduction capital expenditure (capex) of A$583-million, compared with the 2015 definitive feasibility study (DFS) capex of A$970-million. The decrease is primarily owing to optimisations achieved during the past 18 months, TNG reported in a statement to the ASX on Monday.
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