TVN - Tivan Limited
- Thread starter edogg75
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Re: TNG - Tennant Creek Gold
TNG moved a little higher this morning, lets see what the week ahead holds. Drilling announcements usually spur on a buying spree in mining stocks. Investors buy on the hopes that drill results are of high grade, high volume and close to the surface.
TNG moved a little higher this morning, lets see what the week ahead holds. Drilling announcements usually spur on a buying spree in mining stocks. Investors buy on the hopes that drill results are of high grade, high volume and close to the surface.
Re: TNG - Tennant Creek Gold
tng has announced an initial resource estimate for its mount peake vanadium project in the northern terrirtory
sp currently down approx 6% on average volume
cheers
tng has announced an initial resource estimate for its mount peake vanadium project in the northern terrirtory
further metallurgical testwork to be followed eventually by a scoping study
sp currently down approx 6% on average volume
cheers
UK brokers Old Park Lane Capital Plc.
broker report
ST target of 27C which is 3X the current of 9c.
http://www.tngltd.com.au/images/tngltd---ohxif.pdf.
broker report
ST target of 27C which is 3X the current of 9c.
http://www.tngltd.com.au/images/tngltd---ohxif.pdf.
springhill
Make the drill work for YOU
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TNG SET TO COMPLETE MOUNT HARDY ACQUISITION AND COMMENCE NT COPPER EXPLORATION
http://www.asx.com.au/asxpdf/20120702/pdf/42752dd7ghsfdn.pdf
Key Points:
● TNG to complete acquisition of highly prospective 101.76km² tenement in Mount Hardy Copper Field following receipt of FIRB approval for the transaction.
● Exploration activities including an extensive airborne EM survey to commence within two weeks of completion.
● Historical rock chip samples from Mount Hardy region range from 5% to 19% copper, up to 18% lead, 1.52% zinc, 2.66 g/t gold, and 170 g/t silver.
● Limited modern exploration combined with anomalous previous work supports potential for the discovery of new mineralisation at Mount Hardy.
●Historical rock chip sampling in the Mount Hardy area by White Industries (early 1990’s) and Tanami Gold NL (2002) returned numerous anomalous copper results, with peak grades of up to 19% copper, 18% lead, 1.52% zinc, 2.66 g/t gold, and 170 g/t silver.
With those sample grades this is worth watchlisting for later in the year.
http://www.asx.com.au/asxpdf/20120702/pdf/42752dd7ghsfdn.pdf
Key Points:
● TNG to complete acquisition of highly prospective 101.76km² tenement in Mount Hardy Copper Field following receipt of FIRB approval for the transaction.
● Exploration activities including an extensive airborne EM survey to commence within two weeks of completion.
● Historical rock chip samples from Mount Hardy region range from 5% to 19% copper, up to 18% lead, 1.52% zinc, 2.66 g/t gold, and 170 g/t silver.
● Limited modern exploration combined with anomalous previous work supports potential for the discovery of new mineralisation at Mount Hardy.
●Historical rock chip sampling in the Mount Hardy area by White Industries (early 1990’s) and Tanami Gold NL (2002) returned numerous anomalous copper results, with peak grades of up to 19% copper, 18% lead, 1.52% zinc, 2.66 g/t gold, and 170 g/t silver.
With those sample grades this is worth watchlisting for later in the year.
springhill
Make the drill work for YOU
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PRE-FEASIBILITY STUDY RESULTS BOOST POTENTIAL FOR ROBUST OPERATION AT MOUNT PEAKE
http://www.asx.com.au/asxpdf/20120709/pdf/4279tlfv4p9hcv.pdf
HIGHLIGHTS
Pre-Feasibility Study (PFS) results demonstrate exceptionally robust cash flows and positive returns from Mount Peake Iron-Vanadium-Titanium Project (NT):
o Pre-tax Nett annual cash flow of $294M
o Life-of-mine revenues of $11.8B
o Pre-tax IRR of 31.8%
o Exchange rate 1USD to 1AUD
o Initial 20-year life with significant extensions available
o 2.5Mtpa operation expanding to 5Mtpa after 3 years
o Average annual production of 15,300tpa V2O5, 375,000tpa TiO2 concentrate and 1.13Mtpa Fe2O3
o Year 1 pre-production capital cost estimate of A$339M
o Year 2 pre-production capital cost estimate of A$224M
o Potential pay back in 4 years
PFS compiled by independent consultants Snowden Mining, Sinclair Knight Merz (SKM) and METS.
Robust project at exchange rate of 1USD to 1AUD.
TIVAN™ a hydrometallurgical process that is being proven to be commercially viable: achieves excellent product recoveries of high purity vanadium and iron which will attract premium pricing.
Potential offshore location for the TIVAN™ processing facility to be considered, optimising CAPEX and OPEX and bringing additional strategic and financial benefits.
Potential to further value-add by downstream processing to produce higher-value Ferrovanadium (FeV) and Titanium products.
Chinese partners provide significant competitive advantage in ability to access Chinese finance, EPCM and end user markets.
Discussions with commodity traders and potential end-users has commenced.
2012 Pre-Feasibility Study Results
The 2012 Pre-Feasibility Study was prepared by key consulting companies Snowden Mining Industry Consultants Pty Ltd (“Snowden”), Mineral Engineering Technical Services (“METS”) and Sinclair Knight Mertz (“SKM”) to an accuracy level of ±25 per cent, required for PFS.
The Pre-Feasibility Study (PFS) is based on the updated JORC Indicated and Inferred Resource for Mount Peake published on 12 October 2011 of 160Mt @ 0.3% V2O5, 5% TiO2 and 23% Fe (Indicated 110Mt @ 0.29% V2O5, 5.3% TiO2 and 23% Fe; Inferred 48Mt @ 0.24% V2O5, 4.5% TiO2 and 21% Fe).
In addition to this resource, TNG has published an Exploration Target1 of 500-700Mt grading 0.2-0.4% V2O5 and 25-35% Fe.
The updated resource model compiled by Snowden Mining Consultants revealed that the Mount Peake deposit itself remains open to the east. In addition, recent regional drilling has highlighted the potential to further increase the Company’s resource inventory in the region.
The key points of the final PFS are:
● Total material mined: 147.9Mt
● Total waste movement: 72Mt
● Total ore mined: 75.9Mt
● Strip ratio: 0.95
● Mine life: 20 years (including pre-production)
● Processing rate (life-of-mine): 2.5Mt/annum, increasing to 5Mt/annum in year 4
● Average head grade: 0.39% V2O5, 27.09% Fe, 7.02% TiO2
● Average recoveries: 80% V2O5, 66% Fe, 55% TiO2
● Total metal production: 236kt V2O5, 17.4Mt Fe, 5,822kt TiO2
The key financial outcomes of the final PFS are:
● Total revenue (life-of-mine): A$11.8 billion
● Operating cash flow (life-of-mine): A$5.8 billion
● Nett cash flow (life-of-mine): A$5.05 billion
● Pre-production capital cost estimate (including all infrastructure: A$563 million
● Total operating costs (including mining, processing, transport & royalties): A$75.5/tonne of plant feed
● Nett annual cash flow: A$294M2
● IRR pre-tax: 31.8%
Key assumptions at commencement of operations include:
● Operating costs and pit slope angles related to mining estimated to a Pre-Feasibility Study level ( ±25%)
● V2O5 price of US$19,841/tonne (>99% grade)
● TiO2 price of US$400/tonne (> 64% grade)
● Fe2O3 price of US$200/tonne (>99.9% grade)
● Royalty rate of 2.5% per tonne of plant feed
● Discount rate of 8%
● A$/US$ exchange rate of 1 US$ = 1A$
http://www.asx.com.au/asxpdf/20120709/pdf/4279tlfv4p9hcv.pdf
HIGHLIGHTS
Pre-Feasibility Study (PFS) results demonstrate exceptionally robust cash flows and positive returns from Mount Peake Iron-Vanadium-Titanium Project (NT):
o Pre-tax Nett annual cash flow of $294M
o Life-of-mine revenues of $11.8B
o Pre-tax IRR of 31.8%
o Exchange rate 1USD to 1AUD
o Initial 20-year life with significant extensions available
o 2.5Mtpa operation expanding to 5Mtpa after 3 years
o Average annual production of 15,300tpa V2O5, 375,000tpa TiO2 concentrate and 1.13Mtpa Fe2O3
o Year 1 pre-production capital cost estimate of A$339M
o Year 2 pre-production capital cost estimate of A$224M
o Potential pay back in 4 years
PFS compiled by independent consultants Snowden Mining, Sinclair Knight Merz (SKM) and METS.
Robust project at exchange rate of 1USD to 1AUD.
TIVAN™ a hydrometallurgical process that is being proven to be commercially viable: achieves excellent product recoveries of high purity vanadium and iron which will attract premium pricing.
Potential offshore location for the TIVAN™ processing facility to be considered, optimising CAPEX and OPEX and bringing additional strategic and financial benefits.
Potential to further value-add by downstream processing to produce higher-value Ferrovanadium (FeV) and Titanium products.
Chinese partners provide significant competitive advantage in ability to access Chinese finance, EPCM and end user markets.
Discussions with commodity traders and potential end-users has commenced.
2012 Pre-Feasibility Study Results
The 2012 Pre-Feasibility Study was prepared by key consulting companies Snowden Mining Industry Consultants Pty Ltd (“Snowden”), Mineral Engineering Technical Services (“METS”) and Sinclair Knight Mertz (“SKM”) to an accuracy level of ±25 per cent, required for PFS.
The Pre-Feasibility Study (PFS) is based on the updated JORC Indicated and Inferred Resource for Mount Peake published on 12 October 2011 of 160Mt @ 0.3% V2O5, 5% TiO2 and 23% Fe (Indicated 110Mt @ 0.29% V2O5, 5.3% TiO2 and 23% Fe; Inferred 48Mt @ 0.24% V2O5, 4.5% TiO2 and 21% Fe).
In addition to this resource, TNG has published an Exploration Target1 of 500-700Mt grading 0.2-0.4% V2O5 and 25-35% Fe.
The updated resource model compiled by Snowden Mining Consultants revealed that the Mount Peake deposit itself remains open to the east. In addition, recent regional drilling has highlighted the potential to further increase the Company’s resource inventory in the region.
The key points of the final PFS are:
● Total material mined: 147.9Mt
● Total waste movement: 72Mt
● Total ore mined: 75.9Mt
● Strip ratio: 0.95
● Mine life: 20 years (including pre-production)
● Processing rate (life-of-mine): 2.5Mt/annum, increasing to 5Mt/annum in year 4
● Average head grade: 0.39% V2O5, 27.09% Fe, 7.02% TiO2
● Average recoveries: 80% V2O5, 66% Fe, 55% TiO2
● Total metal production: 236kt V2O5, 17.4Mt Fe, 5,822kt TiO2
The key financial outcomes of the final PFS are:
● Total revenue (life-of-mine): A$11.8 billion
● Operating cash flow (life-of-mine): A$5.8 billion
● Nett cash flow (life-of-mine): A$5.05 billion
● Pre-production capital cost estimate (including all infrastructure: A$563 million
● Total operating costs (including mining, processing, transport & royalties): A$75.5/tonne of plant feed
● Nett annual cash flow: A$294M2
● IRR pre-tax: 31.8%
Key assumptions at commencement of operations include:
● Operating costs and pit slope angles related to mining estimated to a Pre-Feasibility Study level ( ±25%)
● V2O5 price of US$19,841/tonne (>99% grade)
● TiO2 price of US$400/tonne (> 64% grade)
● Fe2O3 price of US$200/tonne (>99.9% grade)
● Royalty rate of 2.5% per tonne of plant feed
● Discount rate of 8%
● A$/US$ exchange rate of 1 US$ = 1A$
springhill
Make the drill work for YOU
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HELITEM SURVEY COMMENCED OVER NT COPPER PROJECTS
● Extensive airborne HELITEM ® survey underway over key Northern Territory copper projects, including the recently acquired Mount Hardy Copper Field.
● HELITEM ® is the world’s most powerful helicopter time-domain electromagnetic system for detecting conductive targets, which represent potential accumulations of mineralisation.
● The survey will comprise 1,683 line kilometres and will cover the Mount Hardy tenements and the Walabanba Hills Joint Venture Project.
● The geophysical data acquired will provide the foundation for determining drilling targets to be tested later this year.
● Acquisition of Mount Hardy Copper Field completed
● Extensive airborne HELITEM ® survey underway over key Northern Territory copper projects, including the recently acquired Mount Hardy Copper Field.
● HELITEM ® is the world’s most powerful helicopter time-domain electromagnetic system for detecting conductive targets, which represent potential accumulations of mineralisation.
● The survey will comprise 1,683 line kilometres and will cover the Mount Hardy tenements and the Walabanba Hills Joint Venture Project.
● The geophysical data acquired will provide the foundation for determining drilling targets to be tested later this year.
● Acquisition of Mount Hardy Copper Field completed
springhill
Make the drill work for YOU
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WESTERN DESERT RESOURCES COMMENCES DRILLING FOR GOLD AT ROVER JV PROJECT
http://www.asx.com.au/asxpdf/20120731/pdf/427qjbvxk19wtb.pdf
http://www.asx.com.au/asxpdf/20120731/pdf/427qjbvxk19wtb.pdf
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"SULPHIDES INTERSECTED IN FIRST DRILL HOLE AT MOUNT HARDY COPPER PROJECT, NT":
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01353462
I do not hold.
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01353462
I do not hold.
I've heard some positive rumours about TNG from around the traps and have been watching them of late. I tend to see support around 10c and resistance around 13c of late but that seems to have been broken today. Any thoughts on TNG as far charting goes or is the volume to low to form an analyst on it?
Top of the comp and a thread to myself.
With a market cap of just 20+mill and a resource estimate of 3.2bill at Mt Peake you don't suppose it could fly with a whisper of support?
Change of government could be also a positive.
TNG showing what I thought it would...Just been a matter of time up to 15c and climbing now. Pity I forgot to enter it into this month stock comp.....always next month however.
TNG showing what I thought it would...Just been a matter of time up to 15c and climbing now. Pity I forgot to enter it into this month stock comp.....always next month however.
Not too many supporters with TNG here. 18.5c now sailing in uncharted waters.
Paul Burton CEO looking at suitable land in Malaysia,Woojin sniffing around... something positive looks about to happen.
Perhaps the long awaited finance around the corner?
I am new to this site but have held TNG for about 9 years. I bought quite a lot at the recent 4.5c CR so my average entry price is now a bit under 6c. I have been very happy to see the recent surge and, particularly PB's comment that we can expect lots more news in the next 4 to 6 weeks - that was two weeks ago so it should start happening soon.
The signings with Korean companies Woojin and Posco, even though non-binding are extremely encouraging and now that Woojin's due diligence has finished we can hope to see an agreement which would lead to a price surge. That Woojin is also a big supplier of vanadium to Posco is also significant. Here's hoping.
Hi Bobadah, Good to hear you must be thrilled with your base cost of 6c with TNGs current price of around 33c this morning. Trading Halt lifted and now another interested party coming on board with Hyundai steel's MOU.
I've been holding just over a year now and more than happy with PB's performance in getting TNG where it is today.
I still strongly believe this is just the start on an up and away story. It's potential imo is huge.
Pity there's no real interest on this thread so much to talk about with what's happening with TNG. I may have to go over to hot copper as ROE suggested.LOL
