TNG’s Managing Director, Mr Paul Burton, said the granting of the Mount Peake Mineral Leases provided securityof tenure for the Company, a key requirement to progress discussions with potential project financiers.“We are rapidly ticking off the boxes towards the Mount Peake development, with key announcements over thepast few months including the signing of a Native Title Agreement, the signing of a binding term sheet for titaniumoff-take with Swiss commodity trader DKSH and now the formal award of the Mount Peake Mineral Leases by theNT Government.“With these important milestones now complete, we will be squarely focused on moving ahead with projectfinancing negotiations,” he said.
Nice one PB ... so why was Vimson given this ridiculous bargain basement deal???
