TNG Announes Water Bore Drilling at Mount Peake Project

Australian strategic metals company TNG Limited (ASX: TNG) announced the commencement of its program of water bore drilling at its flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.

As quoted in the press release,

The program is designed to prove the availability of water for use on the proposed Mount Peake mine site for process plant water, site dust suppression and camp potable water supply, as required for the Feasibility Study.

TNG’s Managing Director, Mr Paul Burton, stated:

Completion of the geotechnical data and location of an aquifer will also contribute to the information required for the conversion of the Mineral Resource into a mineable Ore Reserve.

Click here for the full TNG Limited (ASX: TNG) press release