TNG Limited

Financials:

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

TNG is an Australian resource and mineral processing technology company progressing development of its 100% owned world-class Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory, Australia, and also developing a VRB and Hydrogen production business.
Mount Peake comprises a vertically integrated mining, beneficiation and processing operation to sustainably produce three valuable products via TNG’s innovative and patented TIVAN® process.
The TIVAN® process is a revolutionary metallurgical treatment processes in the global market for this type of ore body enabling TNG to extract three high-value strategic minerals from magnetite concentrate to produce high-purity products – titanium dioxide pigment, vanadium pentoxide, vanadium electrolyte and iron oxide – for export from Darwin.


Cash: AUD$14.4M
Debt: Nil


Major shareholders:
Deutsche Balaton & Associates – 12.28%
V M Salgaocar & Bro (Singapore) Pte Ltd – 7.97%
WWB Investments P/L & Associates – 6.72%
Aosu Investment & Development Co – 4.36%
Management Ownership  – 0.57%

Management Profile

Paul Burton – Managing Director & CEO
Paul is an experienced mining executive, having worked in the resources sector throughout Australia and overseas for the last 30 years.
He has been involved in the discovery and development of TNG’s main projects, including the flagship Mount Peake Project. Prior to TNG, he held senior and executive roles at Anglo American, De Beers, Normandy Mining and Minotaur Exploration.

Mr Burton holds an Honours degree in Geology, a Master degree in Mineral Exploration and Mining from McGill University in Canada. He is a Graduate of the Australian Institute of Company Directors, a Fellow of the Association of Applied Exploration Geochemists, and a member of both the Australian and Canadian Institutes of Mining and Metallurgy, and a Member of the British Institute of Directors.

What is your rationale for taking part in 121 Mining Investment?

The Company is focussed on increasing the institutional presence on its share register to support a future project financing equity raising. Institutional investors are expected to play a significant funding role for Project development.

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

1 August 2022: TNG receives A$200M backing from K-SURE
29 July 2022: Appointment of International Director Strengthens TNG Board
8 July 2022: TNG receives EFA support for $300M for Mount Peake Project
22 June 2022: Clough Appointed as Lead Engineer & Preferred EPC Contractor

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

• Global financial markets
• Development changes in regulatory environment including environmental compliance requirements, development/construction costs, shortage of workforce.

What do you think makes your company such a compelling investment?

TNG owns 100% of the Mount Peake Project, an advanced world-scale, long-life, critical and battery minerals asset located in an excellent jurisdiction in Northern Australia. Mount Peake has outstanding economics, a patented multi-product TIVAN® process to produce three products with strong market outlook and offtake agreements already in place for 100% of the products.
The company also exposure to Vanadium Redox Flow Battery and Hydrogen production JV.

What are the top 3 key investor takeaways?

1) Advanced development stage of the Mount Peake Project, a large battery and critical minerals project
2) Exposure to VRB and Hydrogen
3) Significant disconnect between market cap and project NPV