Australian Mount Peake Iron-Vanadium Project Receives Chinese Funding

Platts reported that TNG Limited (ASX:TNG) has received Chinese funding to be put towards developing the Mount Peake vanadium project.

The market news is quoted as saying:

The funds will be used to underpin ongoing pre-feasibility work on Mount Peake, described by TNG as one of Australia’s largest iron-vanadium projects with a potential to support a mining operation of up to 5 million mt/year over a mine life of around 24 years.

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