TNG Limited (ASX:TNG) is preparing to reveal a potential milestone announcement in the form of a binding off-take agreement.
The company's Mount Peake vanadium and titanium project in the Northern Territroy has the potential for annual production of 560t V2O5, 236,000t TiO2 pigment, 637,000t pig iron, with a A$4.9 billion NPV, 41% IRR.
Importantly the project is close to key infrastructure including road, rail and gas.
The halt will remain in place until the opening of trade on Monday 7th September 2015, or earlier if an announcement is made to the market.
News: TNG Limited granted halt pending binding off-take agreement
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