TNG Limited

Website: www.tngltd.com.au
Primary ticker: ASX:TNG
Stage of development: Exploration, Development
Primary minerals: Iron, Titanium, Vanadium
Project to promote: Mount Peake

Live financials

TNG is an Australian resources company focused on the evaluation and development of its 100%-owned Mount Peake vanadium-titanium-iron project in the Northern Territory, Australia. With a JORC Measured, Indicated and Inferred Resource totalling 160Mt, grading 0.28% V2O5, 5.3% TiO2 and 23% Fe, Mount Peake is one of the largest undeveloped vanadium-titanium-iron projects in the world. TNG completed a DFS confirming a potential world-class project in 2015. In 2017, an updated FS included a 12% reduction in pre-production CAPEX to A$853M forecast LOM net cash-flow of A$11.7Bn, a pre-tax NPV8% of A$4.7Bn and a reduced capital payback period of 3 years.

Management Profile

Paul Burton, Managing Director

Paul Burton – Managing Director, has over 25 years’ experience in Exploration and Mining in Australia and overseas. He is also the Technical Director of Todd River Resources Ltd; a company spun out of projects from TNG in 2017. He holds an Honours degree in Geology, a Master degree in Mineral Exploration and Mining from McGill University in Canada, and is a graduate of the Australian Institute of Company Directors, a Fellow of the Association of Applied Exploration Geochemists, and member of both the Australian and Canadian Institutes of Mining and Metallurgy, a Graduate of the Australian Institute of Directors and a Member of the British Institute of Directors.