TNG Limited

Primary ticker: ASX:TNG
Stage of development: Exploration, Development
Primary minerals: Vanadium, Titanium, Iron
Project to promote: Mount Peake Project

Live financials

TNG is an Australian resources company progressing development of its 100% owned Mount Peake Project in the Northern Territory, Australia. Mount Peake is an advanced world scale vanadium, titanium, iron project with existing infrastructure in place and Mining Licence, Native Title and Environmental approvals already granted for the mine site. The deposit is close to surface and flat lying with a JORC Compliant Resource of 160Mt, making it one of the largest undeveloped projects globally. TNG has also developed a processing operation to produce three high-value, high-purity products from this resource – vanadium pentoxide, titanium dioxide pigment and iron oxide – through the application of its 100% owned TIVAN® process. LOM net cash flow is estimated at A$12.2B over a 37-year mine life, with a NPV of A$2.8B and IRR of 33%.

Management Profile

Paul Burton – Managing Director & CEO

Paul Burton – Managing Director & CEO, is an experienced mining executive, having worked throughout Australia and overseas. He holds a B.Sc Honours Geology and M.Sc from McGill University, Canada. He has been involved in the discovery and development of TNG’s main projects, including its flagship project Mount Peake and all projects spun out into Todd River Resources Ltd. (ASX:TRT). Previous career appointments include senior and executive roles at Anglo American, De Beers, Normandy Mining Ltd and Minotaur Exploration Ltd.

What is your rationale for attending 121 Mining Investment?

TNG is in discussions with parties interested in providing financing for the Mount Peake Project and likes to update investors on the recent developments.

What recent news would you like to highlight to investors attending?

08 Oct – Mount Peake Mine Site MMP Submitted
11 Sept – Optimised Delivery Strategy for Mount Peake
09 Sept – TNG Appoints Experienced Titanium Industry Executive
02 Sept – TNG Appoints Experienced Mining Executive
19 Aug – Update on Mount Peake FEED Work
15 Aug – TNG appoints highly experienced Project Director

What are your key goals for the next 3, 6 and 12 months?

12 Months:
Permitting and financing remain priorities

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

TNG is rapidly moving towards development and continue to minimise the risks for investing in TNG.
We are in advanced financing discussions, having signed life-of-mine off-take agreements for titanium oxide and vanadium products and received a number of key approvals (EIA approval for mine site, Native Title Mining approval, Federal Approval for Mount Peake).
Funding is always paramount, as a company we focus on keeping overheads and expenditure low.

In a sentence, what do you think makes your company such a compelling investment?

Major project, three commodities, solid technology, good commodities supported by solid price increases and strong outlook.
Low share price and market capitalisation compared to revised NPV of $2.8B.