TNG Limited
Metals/Mining - Perth, WAU, AU
TNG Limited Details
TNG is an Australian resource and mineral processing technology company progressing towards development of its 100% owned world-class Mount Peake Vanadium-Titanium-Iron Project.The Mount Peake Project is a potential world-scale strategic metals project located 235km north-west of Alice Springs in the Northern Territory of Australia, close to existing key power and transport infrastructure corridors including the Alice Springs-Darwin Railway and the Stuart Highway.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 and one of the most advanced in pre-development activities.On the basis of the refined delivery strategy, the forecast pre-production CAPEX for Mount Peake is now A$824M. The revised financial model shows a Project's pre-tax IRR of approximately 33% and a NPV, at an 8% discount rate, of approximately A$2.8B, with a payback period of 2.8 years.TNG is listed on the Australian Securities Exchange (Ticker: TNG) and also on several European Bourses including Frankfurt.TNG's Board of Directors and management team have extensive experience in the mining and exploration industries – both in Australia and internationally. They are committed to increasing shareholder value by carrying out exploration and maximising the Company's leverage to discoveries.✉ Inquiries: corporate@tngltd.com.au
TNG Limited Technologies
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