Strategic metals company TNG has set its sight on an optimised two-million-tonne-a-year development for its Mt Peake vanadium/titanium/iron project, in the Northern Territory, which has the potential to reduce capital costs by A$29-million. TNG on Wednesday told shareholders that as part of the ongoing front-end engineering design (FEED) process for the Mt Peake project, a development strategy based on an initial production rate of two-million tonnes a year, delivering 100 000 t/y of titanium dioxide pigment, had been selected.
