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TNG (ASX:TNG) - Managing Director & CEO, Paul Burton
Managing Director & CEO, Paul Burton
Source: The Assay
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  • TNG (TNG) announces the completion of an integrated design layout for its Mount Peake project mine site in the Northern Territory
  • Australian engineering and construction company Clough Projects Australia completed the layout as part of TNG’s proposed mining and processing operation at Mount Peake
  • The integrated design layout comprises the beneficiation plant, TIVAN processing facility and plant utilities
  • Clough and TNG will work together to deliver an updated capital cost estimate in the next phase of engineering and design which is expected to be completed by May next year
  • Company shares are up 1.32 per cent to trade at 7.7 cents

TNG (TNG) has announced the completion of an integrated design layout for its Mount Peake project mine site in the Northern Territory.

The design layout was completed by Australian engineering and construction company Clough Projects Australia to assist with TNG’s proposed single mining and processing operation at Mount Peake.

The integrated design layout comprises a beneficiation plant, TIVAN processing facility (TPF) and plant utilities located within the mining lease footprint of the project.

According to TNG, the integrated plants will be positioned adjacent to the western boundary of the designated mining areas within its mining lease 29855, which covers 1460 hectares. This area can host a fully-integrated operation including mining activities and waste storage, the beneficiation plant, the TPF and non-process infrastructure.

“The completion of this design paves the way for value engineering and final design work to commence, which in turn will underpin an updated capital cost estimate and pave the way for project finance completion,” Managing Director and CEO Paul Burton said.

Meanwhile, Clough CEO and Managing Director Peter Bennett he was excited by the ongoing collaboration with TNG.

“We are proud of our role and long history of delivering world-class engineering and construction projects and critical infrastructure both in Australia and overseas,” he said.

Clough will work with TNG’s project team to undertake the next phase of engineering and design and deliver an updated capital cost estimate. This stage is expected to be completed by May next year.

Company shares were up 1.32 per cent to trade at 7.7 cents at 1:10 pm AEDT.

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