Ann: Mount Peake Access Authorities Granted, page-3

Australian strategic metals company TNG Limited (ASX: TNG) is pleased to announce that the Access Authorities covering the mine site and associated infrastructure for its flagship 100%-owned Mount Peake VanadiumTitanium-Iron Project in the Northern Territory have now been granted.

This represents a further major milestone in the approval and development process for this significant mining and processing operation and follows the recent grant of the Mount Peake Mineral Leases (see ASX announcement – 21 November 2018).

The two AA’s cover the proposed haul road as well as the Project borefield and water pipeline, as outlined in the table below and shown on Figure 2.

AA Location
31105 Haul Road
32037 Borefield and Water Pipeline

Management Comment
TNG’s Managing Director, Mr Paul Burton, said the granting of the Mount Peake Access Authorities represented another important permitting milestone which provided further security of tenure for the Company. "We are rapidly ticking off the boxes towards the Mount Peake development, with key announcements over the past few months including the signing of a Native Title Mining Agreement, the signing of a binding term sheet for our titanium off-take production and the recent award of the Mount Peake Mineral Leases by the NT Government,” he said.

“With these important milestones now complete, we can now focus our attention squarely on moving ahead with project financing negotiations,” Mr Burton added.

Paul E Burton
Managing Director
3 December 2018