ASX-listed TNG has inked a term sheet for a life-of-mine offtake agreement for the entire high purity iron-ore product to be produced at the Mt Peak vanadium-titanium-iron project, in the Northern Territory.
Under the binding term sheet with Indian mining conglomerate Vimson Group, 100% of the iron product planned at Mt Peak would be purchased on a free-on-board basis for a fixed commission.