Third LoM offtake deal for TNG

NORTHERN Territory miner TNG has signed a binding life-of-mine off-take agreement with Indian mining group Vimson for high-purity iron products from the Mount Peake vanadium-titanium-iron project near Alice Springs.

Third LoM offtake deal for TNG  Third LoM offtake deal for TNG  Third LoM offtake deal for TNG  Third LoM offtake deal for TNG  Third LoM offtake deal for TNG

Conceptual image of Mount Peake project

Under the terms of the deal, signed with Vimson's Singapore-based subsidiary VM Salgaocar & Bro, Vimson will buy up to 100% of the iron produced at Mount Peake on a free on-board basis for a fixed