Australian resource and mineral processing technology company TNG Limited (ASX:TNG) is pleased to provide an update on the Front-End Engineering and Design (FEED) study and the non-process infrastructure (NPI) work being undertaken for its 100%-owned Mount Peake Vanadium-Titanium-Iron Project located in Australia’s Northern Territory.
TNG and its strategic engineering and development partner, the German-based metallurgical engineering firm SMS group, have continued to advance the key work streams within the comprehensive FEED study for the Mount Peake processing plants related to design and engineering. The technical and commercial objectives of the FEED study include:
- Confirmation of the expected performance of the processing plants;
- Ensuring that the design meets key requirements relating to integrity, operability, availability, safety and environmental aspects;
- Confirmation that a scale-up to a large commercial size is achievable;
- Confirmation that major equipment can be procured for the plant configuration and sizes engineered;
- Confirmation of constructability; and
- Process engineering and engineering, procurement and construction (“EPC”) planning in sufficient detail to support an accurate cost estimate and a binding fixed, lump sum price for the EPC process.
The scope of work for the FEED study has been divided into four front-end loading (“FEL”) phases – namely, FEL-0, FEL-1, FEL-2 and FEL-3. This covers the process plant equipment required for the mine site Beneficiation Plant and the Darwin TIVAN Processing Facility, including all associated plant and equipment.
The FEED work is focused on the key design, engineering and commercial deliverables required to support completion in a timely manner. Some supporting FEED work streams that have been deferred due to the COVID-19 crisis will recommence as restrictions are eased in heavily affected locations, mainly in Europe.
Following completion of FEL-3, SMS will provide TNG with a fixed-price EPC proposal for the delivery of the mine site Beneficiation Plant and the Darwin TIVAN Processing Facility, which will include production quantity, production rate and product quality guarantees.
Meanwhile, the NPI required at both the Darwin TIVAN Processing Facility and mine site Beneficiation Plant work streams include:
- Mine site accommodation village;
- Mine site accommodation village including facilities management and catering;
- Mine site communications;
- Mine site access/haul road;
- Mine site bore field;
- Power supply, and gas supply and transport, for the mine site and Darwin; and
- Logistics handling and transport. Several work streams are at an advanced stage, including some tender processes which have now been progressed and evaluated to a point where successful tenders can be selected for short-listing and/or contract negotiation.
The mine site village accommodation tender and mine site facilities management and catering tender have both been completed and evaluated. The borefield and power transmission for the mine site have been scoped, tendered and evaluated. Mine site and village communication requirements have been investigated and offers from service providers received.
The mine site access/haul road design is currently undergoing cost optimisation. Power and gas studies for both the Darwin and Mount Peake sites have progressed and are now in their final stages. Independent power providers have submitted proposals for both sites which are currently being evaluated by the TNG project management team. Logistics providers are finalising the transport methodology between Mount Peake and Darwin.