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TNG Ltd has hit a major milestone at its Mount Peake vanadium-titanium-iron project in the Northern Territory with the grant of four mineral leases over the development. This adds to the recent signing of the Native Title Agreements and binding term sheet for titanium offtake, providing the company with the security of tenure it needs to seek project financing.

TNG Ltd has appointed leading German metallurgical engineering company SMS Group to start front end engineering and design work for its Mount Peake vanadium-titanium-iron project in the NT. SMS will also provide TNG with a binding fixed-priced turn-key EPC proposal for the concentrator and processing plant that will include production quantity, production rate and product quality guarantees.

TNG Ltd has made it three for three with the signing of a third term sheet, this time with Switzerland's DKSH for the titanium dioxide pigment offtake from its Mount Peake vanadium-titanium-iron project in the Northern Territory. The company already has a binding offtake agreement with WOOJIN Metals for at least 60% of the vanadium output and a binding term sheet with Gunvor (Singapore) for iron products.

ASX listed TNG Ltd has signed a binding heads of agreement with industry-leading German technology provider Ti-Cons for the supply of a full titanium dioxide pigment production technology package for its Mount Peake vanadium-titanium-iron project in the NT. The deal paves the way for the company to commercialise its TiO2 pigment production process that it successfully developed earlier this year.

ASX-listed vanadium player TNG Limited has taken another step towards development of its vanadium-titanium-iron project in the Northern Territory, securing a $10 million strategic investment deal with a leading Indian mining conglomerate. TNG sees the deal with Vimson, a family-owned Indian resources company, as another milestone on its move towards making its flagship 100 percent-owned Mount Peake Project a reality.

TNG Limited has received in-principle approval for a landmark Native Title Mining Agreement covering its Mount Peake vanadium-titanium-iron project located 230km northwest of Alice Springs in the Northern Territory. Once the agreement is executed, the company will have a clear runway to finalise financing and site-based construction activities. With the vanadium markets hotting up TNG appears to be in the right business at the right time.

With its Mt Peake vanadium-titanium-iron project in the NT in the final stages of development planning, TNG has signed a deal with the owner of a similar looking resource in the Pilbara that could add value for both parties. TNG will team up with Todd Corporation's BBI Group to provide its processing technology at the Balla Balla resource on the Pilbara coast.

TNG has been granted environmental approval for its Mount Peake vanadium-titanium-iron project near Alice Springs in the N.T. The company is finalising its mining agreement with the Central Land Council with the project mining lease expected to be granted shortly. TNG has indicated that a final investment decision for the $853m Mount Peake project is anticipated in the middle of 2018.

Perth-based TNG Ltd has signed strategic agreements with contracting giants Clough and McMahon, bringing the exotic metals company a step closer to catapulting its Mount Peake vanadium-titanium-iron mine in the Northern Territory into production. The project is expected to spit out a staggering AU$738m a year in free cash and produce an extraordinary pre-tax NPV of AU$4.7b. TNG currently has 804m shares on issue.