TNG Employee Directory

TNG Ltd 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 160Mt grading 0.28% V205, 5.3% Ti02 and 23% Fe, making it one of the largest of the known vanadium projects in Australia. The Definative Feasibility Study (DFS) finalised in July 2015 found Mount Peake would generate a pre-tax internal rate of return (IRR) of 41% based on a pre-production capital cost of A$970 million , total estimated life-of-mine net cash flow of A$11.6 billion and operating cash flows of A$13.6 billion over an initial 17-year project life. The project is strategically located close to existing infrastructure, including the Alice Springs-Darwin Railway, Stuart Highway and the new LPG pipeline, 20km to its east. Vanadium is a "miracle metal" which is used to impart strength, hardness and water resistance to steel, in the manufacture of titanium alloys used in jet engines, airframes and other high-end specialty materials, and in the chemical industry, notably in batteries, plastic, glass and pigments. Steel accounts for over 85% of vanadium demand, with consumption predicted to increase at similar rates to the growth of the global steel industry - driven by the rapid expansion of the Chinese economy and growing per capita use and intensity of use of steel in the BRIC economies (Brazil, Russia, India and China). While its focus is the Mount Peake Project, TNG also has a broad range of exploration projects in the Northern Territory ranging from advanced projects with existing resources, to greenfields exploration. Its tenements include exposure to a wide range of commodities ...Read More