TNG signs HoA with BBI
PERTH (miningweekly.com) – ASX-listed TNG has signed a heads of agreement (HoA) with infrastructure company BBI Group to assess potential commercial operations in Western Australia.
BBI owns the Balla Balla vanadium/titanium/iron project, which is located on the Pilbara coast, and currently has a Joint Ore Reserves Committee-compliant resource of 456-million tonnes, grading 0.64% vanadium oxide, 13.7% titanium oxide and 45% iron.
BBI is also intending to develop port infrastructure near its Balla Balla resource.
TNG said on Tuesday that the HoA would see the companies assess the potential options for commercial cooperations, to best develop and exploit the Balla Ball project and TNG’s own Mount Peake vanadium/titanium/iron project, in the Northern Territory.
“As part of this arrangement, we will explore opportunities to use our TIVAN hydrometallurcial process at BBI’s Balla Balla project, as well as a number of other potential growth pathways,” said TNG MD Paul Burton.
“The Balla Balla deposit is another exceptional world-class vanadium resource and our initial testwork has shown that the TIVAN technology is ideally suited to processing its material.
An updated feasibility on TNG’s Mount Peake project estimated a capital expenditure of A$583-million, with the TIVAN process plant expected to have a design feed capacity of 900 000 t/y of magnetite concentrate and to be expandable to 1.8-million tonnes a year.
The Mount Peake project has received federal environmental approval, and the company was seeking to finalise the mining agreement with the Central Land Council as soon as possible, and secure a mining lease, which would clear the way for the site-based construction activities to start.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation