Ann: TNG Signs Key Agreement with NT Govt for Tivan Facility, page-13

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chihiro873

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09/03/17

13:11

Post #: 23216681
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Originally posted by Tigers1980 ↑

Management Comment
TNG’s Managing Director Paul Burton said the signing of the Project Facilitation Agreement with the NT Government marked another exciting milestone for the Mount Peake Project as it continued to advance towards development. “The project has already been awarded Major Project Status in the Northern Territory, and this agreement is a further indication of the proactive and positive approach which the Northern Territory Government is adopting to help facilitate the development of this major new Australian resource project,” he said. “The TIVAN™ downstream metal refinery is a key component of the overall project production and logistics chain which will see the application of state -of -the -art processing technology to cost effectively extract high -value vanadium, titanium and iron from the Mt Peake deposit and produce high -purity metals for export. “The TIVAN™ refinery is a value -added downstream process which we expect will bring significant economic benefits to Darwin and the Northern Territory and help to enhance the region’s position as the development hub for Northern Australia.” Commenting on the signing of the P FA, SMS group's Mr. Herbert Weissenbaeck said: “Our meetings with the various NT government institutions and Chief Minister Michael Gunner were very constructive . SMS views the signature of this PFA as another key achievement in the development of TNG's Mount Peake project.” “We are now all looking forward to jointly and swiftly taking the next steps towards finally integrating this technologically advanced, world class metallurgical processing facility into Darwin's evolving industrial infrastructure ”, he added .

I wonder if it was sold down yesterday to suppress the SP under .20?! This is a monster project and as a result of that, given timelines are being extended. Now the big one for me here is that the EIS for the mine is almost a given with this announcement and you can be sure finance is also with Mr. Herbert Weissenbaeck here again and sounding very positive! BRR tomoz and KaBOOM!!

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Can we all agree that one way or another that this is happening?

TNG Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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