Project the Peake for NT
ABOUT 230km north of Alice Springs, TNG Ltd’s Mount Peake project promises to be a significant economic generator for the Northern Territory – in more ways than one. The $800m vanadium-titanium-iron project is the largest critical minerals project in the world and TNG’s directors are keenly aware of their responsibilities to ensure the mine leaves the smallest possible environmental footprint.
The processing plant that would service the mine was intended to be built 1300km further north on Darwin Harbour on land offered to the company by the NT government.
After issues around development permits and a reassessment of TNG’s gas requirements the company announced the processing plant would be built at Mt Peake. It sprung a surprise when it asked the NT government to keep the Darwin Harbour site to develop a green hydrogen processing plant in partnership with Malaysian company AGV Energy and Technology.