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Mining Weekly reported that a prefeasibility study indicated that the Mount Peake mine could generate over $10 billion in revenue for TNG (ASX:TNG).
Mining Weekly reported that a prefeasibility study indicated that the Mount Peake mine could generate over $10 billion in revenue for TNG (ASX:TNG).
As quoted in the market news:
The prefeasibility study was based on an inferred and indicated Joint Ore Reserves Committee-compliant resource of 160-million tons, grading 0.3% vanadium, 5% titanium and 23% iron. The project was expected to produce a total of 245 000 t of vanadium oxide, more than 20.2-million tons of iron, and more than 6.4-million tons of titanium.