TNG Mulls Malaysia-based Hydrometallurgical Processing Plant

TNG Ltd. (ASX:TNG) announced yesterday the completion of an independent review that assesses whether it is possible to locate a downstream TIVAN hydrometallurgical processing plant in Malaysia.

The plant is to process concentrate from the company’s Mount Peake vanadium-titanium-iron project and the review is part of the definitive feasibility study for that project.

As quoted in the press release:

[New financial results] enhance the current view of the financial strength of the proposed Mount Peake mining operation and provide strong momentum for TNG’s board to progress the evaluation of a Malaysian-based processing plant as part of the DFS.

Based on the strength of the financial outcomes provided by the Snowden Review, TNG has engaged leading environmental consultancy ENVIRON Consulting Services (M) Sdn Bhd, in Malaysia to provide technical and scientific support, to facilitate meetings with the Malaysian Government departments, particularly the Malaysian Industrial Development Authority (MIDA) and for the land selection process.

Click here to read the full TNG Ltd. (ASX:TNG) press release.