TNG Contracts SMS Siemag to Oversee TIVAN Process at Mount Peake

TNG Limited (ASX:TNG) announced that it has appointed SMS Siemag, one of world’s leading metallurgical engineering and plant building companies, to oversee and coordinate the finalization of the engineering and Pilot Plant test work on the improved TIVAN® Process for its Mount Peake vanadium-titanium-iron project in the Northern Territory of Australia.

As quoted in the press release:

The Pilot Plant testwork program is scheduled to commence by the end of April at a Pilot Plant facility in the final stages of construction at the CSIRO laboratories and testing facilities in Perth. SMS Siemag is part of Germany’s SMS group, which employs 13,500 people and has annual worldwide sales of approximately EU3.5 billion.

SMS will guide the Company’s metallurgical consultants, METS Pty Ltd, and the CSIRO through the completion of the final engineering and testing activities and provide independent validation of the technical feasibility of the TIVAN® refinery process.

Final testwork program scheduled to commence by end of April, paving the way for commercialization of the TIVAN® Process and completion of process design for the Mount Peake Feasibility Study.

Paul Burton, managing director at TNG Limited, commented:

We have selected and involved SMS because of their unique track record and experience in the reliable design and implementation of large-scale metallurgical processing facilities, as well as for their outstanding capabilities in acid-based metal extraction and acid recovery processes, which are key to the successful operation of the TIVAN® Process.

SMS have an excellent team that have been involved with TIVAN’s development, and having them now crossvalidate our designs and findings will significantly reduce any remaining technical uncertainty, providing a solid foundation for the completion of our detailed Feasibility Study. The appointment of SMS adds another Tier-1 partner to our already impressive international team for the delivery of the world-class Mount Peake Project.

Click here to read the full TNG Limited (ASX:TNG) press release.