TNG Limited (ASX:TNG) announced it has confirmed potential to expand the resource potential at the Mount Peake iron-vanadium-titanium project.
As quoted in the press release:
The company concludes that these results open up the potential in the MMPA for a substantial increase to the current Mount Peake JORC Indicated and Inferred Resource of 160Mt @ 0.3% V2O5, 5% TiO2 and 23% Fe (Indicated 110Mt @ 0.29% V2O5, 5.3% TiO2 and 23% Fe; Inferred 48Mt @ 0.24% V2O5, 4.5% TiO2 and 21%Fe).
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