Pretty Big Ann from TNG
Environmental Approval Signed off by Fed Government
Could create Major re-rate
NPV = $4.7b
“Feasibility Study completed late last year outlined exceptional economics including a reduced pre-production CAPEX requirement of A$853 million, a pre-tax internal rate of return of 44% and a Net Present Value of A$4.7 billion.”
“The Company has successfully signed three life-of-mine off-take agreements for its vanadium, titanium dioxide and iron products,with the project forecast to produce 243,000 tonnes of high-purity vanadium pentoxide, 3.5 million tonnes of titanium pigment and 10.6 million tonnes of iron oxide over its 17-year life”
“The receipt of Federal environmental approval represents the final major permitting hurdle to allow financing and construction of the Mount Peake Project to proceed (subject to finalisation of offtake and funding arrangements), and signals that it is ready to progress to the next stage of mining approval under the Mining Management Act (NT).”
“We will now proceed to seek to finalise the Mining Agreement with the CLC as soon as possible and secure our Mining Lease, which in turn clears the way for site-based construction activities to commence. In parallel, we have a number of financing and off-take discussions progressing”
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- Ann: TNG Receives Federal Approval for Mount Peake Mine
Ann: TNG Receives Federal Approval for Mount Peake Mine, page-23
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