Just a regular round hole,just try to make sure you drill perfectly perpendicular(a drill press or mill will work best), the 59/64 measurement should be right about the size of the minimum diameter of the tap, as you screw the tap in it will cut the threads and the taper all at once. A t-handle makes it easiest, but a crescent wrench will work though. Make sure to use plenty of oil, they make some exclusively for cutting threads but I usually just use WD-40. Make sure the tap is absolutely perpendicular to the plate in the hole and twist. As you are cutting you should cut(clockwise) for a turn or so then back it off(counter-clockwise) to break the cut material loose. Take your time and you will have a perfectly tapped 3/4" npt hole when done. If the plate is mild steel it will be the easiest, aluminum is softer so it will cut like butter but it will also be easier to rip out the cut threads ruining the piece, and stainless will work harden very easily if it get hot at all making it a chore. Good luck.