Date: Nov 5, 2018
Fresh from signing its third off-take term sheet, TNG Ltd has now appointed German metallurgical engineering company SMS Group to start front end engineering and design work for its flagship Mount Peake vanadium–titanium-iron project in the Northern Territory.
This includes all process plant equipment including the mine site concentrator, TIVAN downstream processing plant, titanium pigment plant and associated equipment.
TNG’s proprietary TIVAN process is a method for treating ore without the need for expensive, energy-intensive roasting to produce a titanium feedstock with low iron content which can also potentially minimise the environmental impact compared to a standard sulphate titanium pigment production process.
On completion of the preliminary engineering design work, SMS will provide TNG with a binding fixed-priced turn-key engineering, procurement and construction proposal for the concentrator and processing plant.
Importantly, this will include production quantity, production rate and product quality guarantees that will significantly de-risk the project.
