TNG Ltd (ASX:TNG) is an Australian resource company focused on the exploration, evaluation and development of a multi-commodity resource portfolio in the Northern Territory and Western Australia.
TNG’s main focus is the evaluation and development of its 100%-owned Mount Peake Vanadium-Titanium-Iron Project, located in the highly prospective Arunta Geological Province some 80km north-east of Alice Springs in the Northern Territory.
Discovered by TNG in early 2008, the Mount Peake Project comprises a current JORC Indicated Resource of 140Mt grading 0.3% V205, 9% Ti02 and 35% Fe, making it one of the largest of the known vanadium projects in Australia.
Work carried out by TNG to date has enabled the Company to establish an Exploration Target1 of 500-700Mt grading 0.2-0.4% V205 and 25-35% Fe in addition to the JORC resource, potentially making the Mount Peake Vanadium Project one of the largest vanadium deposits in the world.
- TNG signs with Downer on Mount Peake vanadium, titanium iron ore project
- TNG Ltd banks China's ECE $6.6m funding, to underpin Mount Peake development