TNG has experienced hindrances in completing its final permitting process for the Mount Peake vanadium project in the Northern Territory.
The company has reportedly applied for an extension from the NT Environment Protection Authority (EPA) for the submission of its environmental impact statement (EIS).
The EIS requires some information that is directly linked to incomplete phases of Mount Peake’s front-end engineering and design (FEED) work, which is being undertaken by SMS Group.
With all ground and marine monitoring works are either completed or in their final stages, TNG remained confident it could meet the new due date for the EIS.
TNG’s external consultants and contractors are also taking longer than expected in completing surveys as part of Mount Peake’s mine management plan (MMP).
TNG managing director Paul Burton underlined that the company would submit “the highest quality information” for both the EIS and MMP, while operating under TNG’s “best practice regime.”
“While I appreciate shareholder concerns regarding the apparent delays, we are close to finalising and submitting the final remaining permits,” he said.
“Nothing at all of hindrance or concern has been identified during the vast body of work that has been undertaken … this is a real positive for a project of this scale and complexity.”
TNG secured key environmental and project development approvals for the Mount Peake mine site and concentrator from the state and federal government last year.