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Australia
Mount Peake Project

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 Location:
168 km NE from Yuendumu, Northern Territory, Australia

  Project Contacts:
Level 1 282 Rokeby Road
PO Box 1126
Subiaco
Western Australia, Australia
6008
Phone  ...  Subscription required
Fax+61-8-9327-0901
EmailEmail
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Vanadium
  • Titanium
  • Iron
  • Aluminum
Mining Method
  • Truck & Shovel / Loader
Processing
  • TIVAN
  • Magnetic separation
Mine Life37 years (as of Jan 1, 2019)
ALL prices and outcomes are indicative only while the FEED process is progressing and is an interim study, not final.
Latest NewsTNG secures $10m push for Mount Peake     June 11, 2019


Owners

 
CompanyInterestOwnership
TNG Ltd. 100 % Direct

Deposit Type

  • Sedimentary


Summary:

The Mount Peake deposit is located within outliers of sediments of the Neoproterozoic Georgina Basin, which unconformably overlies units of the Aileron Province, a subdivision of the Palaeoproterozoic Arunta Group.

The mineralisation is hosted within a flat-lying magnetite-bearing gabbro-norite sill, believed to be of Neoproterozoic to Cambrian age that has intruded the older units - drilling has indicated large thicknesses of mineralisation (up to 170m), and exhibits good lateral continuity between drillholes.

The gabbro hosting the mineralisation is part of a 20km long x 10km wide NW trending sill or sill complex, with the mineralisation in the uppermost parts of the sill - the identified JORC- resources are confined to one part of the complex, with other areas yet to be defined, and which provide upside potential.


Mining Methods

  • Truck & Shovel / Loader


Summary:

The mining method will be an open pit with conventional drill and blast and load and haul with excavators and large mining equipment. Ore and waste will be trucked to the concentrator and waste dump respectively.

The open pit strip ratio is 1.1:1 (waste: ore). The large size of the orebody (ca. 2000m x 350m x 100m) and gradual grade boundaries allows a low 2% dilution factor to be applied, with ore loss being correspondingly low.


Crushing and Grinding


Processing

  • TIVAN
  • Magnetic separation

Flow Sheet: Subscription required

Summary:

Mine Site Beneficiation Plant
The Mount Peake mine site will involve mining of the titanomagnetite ore and recovery of the magnetite in a concentrate through a beneficiation process.

Metallurgical testwork at Nagrom Laboratories (Perth) was co-ordinated by Como with a focus on refining recoveries to match the revised TIVAN® Process Facility feedstock specifications provided by SMS.

TIVAN® Processing Facility
The planned Darwin based TIVAN® Processing Facility will process the magnetite concentrate into three commercial products through well understood pyro and hydro-metallurgical plants.

TNG, together with its consultants, has implemented various improvements on the TIVAN® Processing Facility flowsheet, focusing on improved recoveries and maximising utilisation of proven technology modules.

After extensive refinement, the TIVAN® Process now utilises a proprietary method of vanadium extraction, which avoids the utilisation of l ........

Recoveries & Grades:

CommodityParameterAvg. LOM
V2O5 Head Grade, % 0.4
Titanium dioxide Head Grade, % 7.36
Titanium dioxide Concentrate Grade, %  ......  Subscription required
Iron (hematite) Head Grade, % 27.9
Iron (hematite) Concentrate Grade, %  ......  Subscription required
Subscription required - Subscription is required.

Projected Production:

CommodityProductUnitsAvg. AnnualLOM
V2O5 Flake kt 6231
Titanium dioxide Concentrate Mt  ......  Subscription required  ......  Subscription required
Iron (hematite) Metal in concentrate Mt  ......  Subscription required  ......  Subscription required
Iron (hematite) Concentrate Mt  ......  Subscription required

Operational Metrics:

Metrics
Stripping / waste ratio  ......  Subscription required
Annual mining capacity  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Tonnes processed, LOM  ......  Subscription required
* According to 2019 study.
Subscription required - Subscription is required.

Reserves at August 11, 2019:

CategoryTonnage CommodityGrade
Probable 41.1 Mt V2O5 0.42 %
Probable 41.1 Mt Titanium dioxide 7.99 %
Probable 41.1 Mt Iron (magnetite) 28 %
Measured 120 Mt V2O5 0.29 %
Measured 120 Mt Titanium dioxide 5.5 %
Measured 120 Mt Al2O3 8.2 %
Measured 120 Mt Silica 33 %
Measured 120 Mt Iron (magnetite) 24 %
Indicated 20 Mt V2O5 0.28 %
Indicated 20 Mt Titanium dioxide 5.3 %
Indicated 20 Mt Al2O3 9.1 %
Indicated 20 Mt Silica 34 %
Indicated 20 Mt Iron (magnetite) 22 %
Inferred 22 Mt V2O5 0.22 %
Inferred 22 Mt Titanium dioxide 4.4 %
Inferred 22 Mt Al2O3 10 %
Inferred 22 Mt Silica 38 %
Inferred 22 Mt Iron (magnetite) 19 %
Total Resource 160 Mt V2O5 0.28 %
Total Resource 160 Mt Titanium dioxide 5.3 %
Total Resource 160 Mt Al2O3 8.6 %
Total Resource 160 Mt Silica 34 %
Total Resource 160 Mt Iron (magnetite) 23 %

Commodity Production Costs:

CommodityUnitsAverage
Assumed price V2O5 USD  ......  Subscription required *
Assumed price Titanium dioxide USD  ......  Subscription required *
Assumed price Iron (magnetite) USD  ......  Subscription required *
* According to 2019 study / presentation.
Subscription required - Subscription is required.

Operating Costs:

Units2019
Total operating costs ($/t milled) AUD 210 *
* According to 2019 study.

2019 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Pre-Production capital costs $M AUD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscription required
Pre-tax NPV @ 8% $M AUD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.

Heavy Mobile Equipment:

Mine Management:

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required ....................... Subscription required Subscription required Feb 5, 2020
....................... Subscription required ....................... Subscription required Subscription required Feb 5, 2020
Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2019
Other 2017
Press Release 2017
Other 2015
Subscription required - Subscription is required.

News:

NewsDate
TNG secures $10m push for Mount Peake June 11, 2019
TNG Limited: Mount Peake Development Update March 6, 2018
TNG Limited Announces Updated Feasibility Study Results for Mount Peake Vanadium-Titanium-Iron Project November 20, 2017

Aerial view:

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