TNG: Appoints Clough as Lead Engineer for Mount Peake

TNG Appoints Clough as Lead Engineer for Mount Peake

• TNG appoints construction engineering company Clough as its Lead Engineer and preferred EPC contractor for the delivery of its Mount Peake Project in the NT
• The company’s aim at the project is to develop a fully-integrated mining and processing operation to produce vanadium pentoxide, titanium dioxide and iron oxide for export
• Under the agreement, Clough will submit a fixed-price, lump-sum EPC proposal for the delivery of the project
• The company is continuing to progress with other work streams such as groundwater modelling to support a second water extraction licence application
• Shares in the company are down 9.09 per cent and are trading at five cents at 11:59 am AEST