TNG Achieves Significant Graphite Concentrate Grades at Mount Peake

TNG Limited (ASX:TNG) announced that it has upgraded the potential for an economic graphite resource at its 100-percent-owned Mount Peake vanadium-titanium-iron project in the Northern Territory, subject to further drilling and test work, after receiving highly favorable results from flotation test work.

As quoted in the press release:

 Flotation test-work completed on two composite samples from recent drilling at the BGC1 Prospect at Mount Peake have returned graphite concentrate grades above 90.0%, which is an excellent result.

Diamond drill core samples were taken from the two targets, BGC1 and G34, which were drilled in August/September At Mount Peake.

TNG’s Managing Director , Mr Paul Burton stated,

The achievement of graphite grades in concentrate of >90% TCG via simple and low-cost flotation techniques is an important breakthrough for our ongoing assessment of the graphite potential at Mount Peake. The potential size of the mineralised zone is significant based on the geophysical outline and it would make sense to assess this further once we have commenced operations at the main Mount Peake deposit.

We see this as a potentially complementary and valuable addition to the suite of metals which Mount Peake will be capable of producing, making this an even more significant and diversified source of strategic metals for global markets.

Click here to read the TNG Limited (ASX:TNG) press release.