Mount peake
http://www.tngltd.com.au
vanadium, iron-ore,
Phone:
Address:
Level 1, Rokeby Road, Subiaco, WA, 6008
State: Level 1, Rokeby Road, Subiaco, WA, 6008
Email:
The Mount Peake vanadium-iron-titanium project being developed 235 kilometres north west of Alice Springs in the Arunta Region of the Northern Territiory has been granted Major Project Status by the Northern Territory government.
Mount Peake Project Conveniently Located
The Mount Peake project is conveniently located near the Adelaide to†Darwin railway, the Stuart Highway and a LPG gas pipeline that runs just 20 kilometres to the east of the project site. The Mount Peake project has an estimated resource of 160 million tonnes of mineralisation containing 0.28 percent vanadium, five percent titanium and 23 percent iron, giving it the potential to be one of the largest vanadium projects in the world.
TNG Limited Fully Owns the Mount Peake Project
The Mount Peake project is wholly owned by TNG Limited, an international resource company that is listed on the Australian Securities Exchange (ASX). The project comprises more than 1,900 square kilometres of exploration licences over an area of the western Arunta province that has, in the past, been basically unexplored.
Mount Peake Product to be Exported From the Port of Darwin
Mount Peake project owner TNG Limited has mining assets in Northern Territory and Western Australia. Its Mount Peake vanadium-iron-titanium deposit was discovered by TNG Limited is the first half of 2008. The compamy's main focus to date has been on the evaluation and development of the Mount Peake project. TNG Limited is planning to commence construction of the Mount Peake mine in 2014 with production following in 2015. Production from the mine will be taken to East Arm Wharf at Darwin from where it will be exported to overseas markets. The Mount Peake mine is predicted to have a life of mine of at least 20 years.
Vanadium has Important Industrial Uses
The main mineral to be mined at the Mount Peak mine is vanadium. Vanadium has one main predominant value to industry and this is its ability to add strength to steel and certain forms of iron. For instance, in 2007, of all the vanadium produced in the world, 85 percent was used as a steel additive. In the USA the percentage was 93 percent.
Vanadium is also widely used as a catalyst in the production of sulphuric acid and maleic anhydride. In more recent times it is finding a fast growing use in the manufacturing of Vanadium Redox Batteries (VRB). These batteries are designed to store large quantities of energy in a safe way that is adjustable and therefore able to meet variable energy demands. A Vanadium Redox Battery has the following advantages:
They are able to store energy generated by solar cells and wind turbines Users do not need to buy more capacity than they immediately require as energy and power can easily be added in a modular fashion at a future point
Electric energy is able to be stored at room temperature, in a liquid form, indefinitely
Maintenance costs are low and the electrolyte never wears out
An electrochemical system that is able to convert energy into electrical energy and vice versa
A flow battery that charges and discharges at a fast rate
Vanadium is used in airframes, jet engines and other high end speciality materials, as well as in the production of pigments, glass and plastics.
