TNG has appointed its metallurgical plant supplier and development partner SMS Group to commence the key front-end engineering and design (FEED) process for its Mount Peake vanadium-titanium-iron project in the Northern Territory.
The appointment comes with an expanded scope of work, namely provision of all project components in the company’s FEED process. These include the concentrator and associated Tivan downstream processing plant.
Tivan is a process developed by TNG and SMS over six years to extract vanadium from a titano-magnetite ore body, and separates titanium and iron. SMS group will provide TNG production quality, production rate and product quality guarantees on a fixed price.
SMS managing director Herbert Weissenbaeck said, “This is the logical next step in the development of Tivan and Mount Peake – which together have the potential to essentially disrupt the titanium dioxide pigment and vanadium space.”
SMS will commence designing and engineering the entire processing flow sheet for the project, which includes the mine site concentrator and the downstream processing plant.
Upon completion of the FEED program, SMS is required to submit a fixed-price turn-key engineering procurement and construction (EPC) proposal for the concentrator and processing plant.
TNG managing director Paul Burton said, “We are extremely pleased to have achieved this outcome with SMS group, including a comprehensive mandate to produce a fixed-price EPC proposal for the development and construction of the entire Mount Peake project.
“Having SMS also assume technical and product guarantees under the resulting fixed-price EPC arrangement significantly de-risks the project and marks one of the most significant milestones in its development history.”