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Australia
Mount Peake Project

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

  Project Contacts:
Suite 20 22 Railway Road
PO Box 1126 Subiaco WA 6904
Subiaco
Western Australia, Australia
6008
Phone  ...  Subscription required
Fax+61-8-9327-0901
EmailEmail
WebsiteWeb
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  • Overview
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  • Geology
  • Mining
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  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Vanadium
  • Titanium
  • Iron
Mining Method
  • Truck & Shovel / Loader
Mine Life37 years (as of Jan 1, 2019)
Mount Peake Vanadium-Titanium-Iron Project will be a long-life project producing a suite of high-quality, high-purity strategic products for global markets including vanadium pentoxide, titanium dioxide pigment and iron ore fines. The project, which is expected to be a top-10 global producer, has received Major Project Status from the Northern Territory and Federal Governments.


Owners

Source: p. 13,60
CompanyInterestOwnership
TNG Ltd. 100 % Indirect
The Mount Peake Project operated by Enigma Mining Ltd (Enigma), a wholly owned subsidiary of TNG Ltd.

Contractors

Subscription required - Subscription is required.


Deposit Type

  • Magmatic


Summary:

The licence areas are generally flat with some broad low ridges of silcrete or ferruginous rock formations. Broad flood plains associated with the Murray Creek which runs through the licence area are also a feature.

The project area lies within the north-central portion of the Paleoproterozoic Arunta Province. The stratigraphy of the Arunta province comprises relics of 2500 Ma Archaean basement overlain by >1800 Ma Palaeoproterozoic, turbiditic sequences of greywacke, quartz, sandstone, siltstone and shale along with mafic rocks and their highgrade metamorphic equivalents. The Arunta also has minor calc-silicates and meta-felsic volcanic units. During the Barramundi Orogeny, the sedimentary units were intruded by mafic rocks which have been deformed and in places metamorphosed to amphibolite facies. During the closing stages of the Barramundi Orogeny (~1830 Ma) granite plutons intruded rocks of the Arunta Province.

In the tenement area, rocks of the Palaeoproterozoic Lower Hatches Group/ Reynolds Range Group occur, comprising undifferentiated granite/granite gneiss and gabbro-dolerite. Neoproterozoic to Palaeozoic rocks of the Georgina Basin cover the Palaeoprotoeozoic rocks in the south to southeast. Cainozoic sediments also cover parts of the tenements. Quaternary and Tertiary cover sequences of variable depth (ranging from a few metres to in excess of 100m) conceal the basement rocks. Mafic/ ultramafic units have been recorded from previous drilling w ........


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
Source: Subscription required


Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

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

Operational Metrics:

Metrics
Stripping / waste ratio 1.1 *
Ore tonnes mined, LOM 69 Mt *
Tonnes processed, LOM 69 Mt *
Annual ore mining rate 2 Mt *
* According to 2019 study.

Reserves at August 11, 2019:
Ore Resource is reported using a 0.1% V2O5 cut-off.
Ore Reserve is reported using a 15% Fe cut-off.

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 Iron (magnetite) 24 %
Indicated 20 Mt V2O5 0.28 %
Indicated 20 Mt Titanium dioxide 5.3 %
Indicated 20 Mt Iron (magnetite) 22 %
Inferred 22 Mt V2O5 0.22 %
Inferred 22 Mt Titanium dioxide 4.4 %
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 Iron (magnetite) 23 %

Commodity Production Costs:

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

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 TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 23, 2023
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2019

Corporate Filings & Presentations:

DocumentYear
Annual Report 2022
Corporate Presentation 2022
Fact Sheet 2022
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
Other 2017
Press Release 2017
Other 2015
Subscription required - Subscription is required.

Subscription required - Subscription is required.

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