Mount Peake Project Annual report 13 March 2018 to 12 March 2019 EL 30483

Abstract

EL 30483 was granted to Enigma Mining Limited (Enigma) on the 13/03/2015. Enigma is a wholly owned subsidiary of TNG Ltd. The licence forms part of TNG's Mount Peake Project together with EL 27069, EL 27070, EL 27941, EL 29578 and EL 31389, along with ELR 29627 and MLA 28341, MLA 29855, MLA 29856 and MLA 30686. It is not part of the group reporting or expenditure project area due to its distance from the other licences. The licence is located at the termination of the planned haul road and the rail siding facility for the proposed Mount Peake minesite. The main focus of the Mount Peake project in recent times has been evaluation of the potentially world class Fe-V-Ti deposit. The Definitive Feasibility Study was completed in mid-2015 with an update produced in November 2017. An addendum to the EIS was submitted in November 2017 and approval was granted by the NTEPA in January 2018 with Commonwealth approval granted in May 2018. Continued environmental monitoring is being undertaken by consultants Animal Plant Mineral Pty Ltd around sites of planned infrastructure in order to finalise the Mount Peake Mining Operations Mining Management Plan (MMP). A Mine Closure Plan which includes closure costing estimates for the rail facility are included in the MMP, which will be finalised in the second half of 2019.