Mount Peake Set to Deliver A$10bn in Revenue – TNG

Nov. 23, 2011 02:07PM PST

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.

Click here to read the full Mining Weekly report.