Mining Weekly reported that TNG announced that the NPVof its Mount Peake vanadium/titanium/iron project, has increased by 40 percent.
As quoted in the market report:
The feasibility study previously found that the Mount Peake project could support a 2.5-million-ton-a-year operation, with a LoM of some 20 years. The project could be expanded to a five-million-ton-a-year operation after the first three years, to deliver yearly production of 15 300 t of vanadium oxide, 375 000 t of titanium dioxide concentrate and 1.13-million tons of iron-oxide.
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