Mount Peake clears green hurdles and hits the home straight

AUSTRALIAN strategic metals company TNG has cleared the final major permitting hurdle to allow financing and construction of its Mount Peake project to begin.

Mount Peake clears green hurdles and hits the home straight Mount Peake clears green hurdles and hits the home straight Mount Peake clears green hurdles and hits the home straight Mount Peake clears green hurdles and hits the home straight Mount Peake clears green hurdles and hits the home straight

Conceptual drawing of the Mount Peake mine in the NT.

The Mount Peake vanadium-titanium-iron project - 230km northwest of Alice Springs in the Northern Territory - was granted environmental approval by the Federal Minister for Environment and Energy Josh Frydenberg last week.

The federal government environmental approval follows the approval from the NT Environment Protection Authority earlier in the year, and marks the end of the environmental impact assessment process for TNG and its project.

Under the next stage of mining approval TNG has to finalise a mine management plan and a mining agreement with the traditional land owners, in order to receive a mining lease from the Northern Territory government.

According to TNG, based on the positive progress of negotiations to date, it expects to achieve a positive ou...