FEED studies planned at Mt Peake
PERTH (miningweekly.com) – ASX-listed TNG has appointed engineering group SMS to start front-end engineering and design (FEED) for the Mount Peake vanadium/titanium/iron project, in the Northern Territory.
Under the contract, SMS will design and engineer the entire process flow sheet for the Mt Peake project, including the mine site concentrator, where magnetite concentrate will be produced, as well as the downstream processing plant where three high-purity and high-value products will be produced.
The downstream processing plant will use TNG’s TIVAN hydrometallurgical process.
TNG MD Paul Burton said on Friday that the appointment of SMS under an expanded mandate meant that the Mt Peake project would be fully engineered, supplied and potentially constructed by one of the world’s leading metallurgical engineering group.
“We are extremely pleased to have achieved this outcome with SMS, including a comprehensive mandate to produce a fixed price EPC proposal for the development and construction of the entire Mt Peake project.
“Having SMS also assume technical and product guarantees under the resulting fixed-price EPC arrangement significantly de-risks the project and marks one of the most significant milestones in its development history.”
Mt Peake is forecast to produce 243 000 t of high purity vanadium pentoxide, 3.5-million tonnes of titanium pigment and 10.6-million tonnes of iron oxide over a 17-year mine life.
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