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86 Percent of TNG’s Mount Peake Resource Now Measured or Indicated Status
Mar. 18, 2013 09:45AM PST
Battery MetalsTNG Ltd. (ASX:TNG) released the results of an updated JORC-compliant resource estimate for its wholly owned Mount Peake vanadium-titanium-iron project, which is located in Australia’s Northern Territory. The revised report takes into account new drilling completed in late 2012.
TNG Ltd. (ASX:TNG) released the results of an updated JORC-compliant resource estimate for its wholly owned Mount Peake vanadium-titanium-iron project, which is located in Australia’s Northern Territory. The revised report takes into account new drilling completed in late 2012.
According to the press release, highlights of the update include:
- 74% of total Resource now classified as JORC Measured Resource status, with 86% now Measured or Indicated status
- Increase in overall Resource grade
- Project now well placed to generate a maiden Ore Reserve statement
- Definitive Feasibility Study progressing, with metallurgical studies underway and financial analysis to be delivered by year end
Click here to read the full TNG Ltd. (ASX:TNG) press release.