Gunvor to take Mt Peake product

MULTINATIONAL trading house Gunvor is to buy 40% of the high-purity vanadium pentoxide to be produced at TNG’s Mount Peake vanadium-titanium-iron project in the Northern Territory, as part of the fourth and final life-of-mine offtake agreement for the project.

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Conceptual image of Mt Peake

Under the terms of the binding life-of-mine offtake and marketing agreement Gunvor will take about 2700 tonnes of high-purity vanadium pentoxide each year, for global marketing and distribution at a