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TNG Limited

TNG is building a major strategic metals business, leveraging off development of its 100%-owned flagship Mount Peake Project. This long-life, low cost Project will produce a suite of high-quality, high-purity products, including vanadium pentoxide, titanium dioxide and pig iron. It represents a ‘company making’ opportunity for TNG and its shareholders.

TNG continues to make very encouraging progress at the Mount Peake Project, where its proprietary TIVAN® technology will be utilised to produce high quality vanadium, titanium and iron products. The Project is in the final stages of permitting, pre-engineering activities are nearing completion and Project financing is well advanced.

Mount Peake is on track to transition into development and construction during 2H 2017 – which is timely, coinciding with strong cyclical increases in commodity prices. TNG has taken advantage of the improving market conditions to firm up its sales and marketing plans. This includes the signing of MoU’s with leading global titanium trader Wogen Pacific for its titanium dioxide products, and with Sumitomo and Energy Made Clean to develop the vanadium battery market in Australia.

In parallel, TNG is demerging its non-core metal exploration projects via the Todd River Resources IPO, with a listing on the ASX anticipated around March/April.

We maintain a SPECULATIVE BUY recommendation for TNG - with an increased short term price target of $0.52/share, rising to $0.86/share as commercial production is achieved. Likely near term price drivers are granting of the ML, Federal approval of the EIS and finalisation of Project financing.

The Company’s broader business plan involves further development and application of its TIVAN® hydrometallurgical process for cost efficient extraction of payable metals from vanadium bearing titanomagnetite ores.

TNG is also currently demerging a strong package of ‘non-core’ exploration projects in the Northern Territory via the Todd River Resources IPO.

TNG Limited (“TNG” or “the Company”) is an ASX listed, emerging strategic metals company that is applying its proprietary TIVAN® hydrometallurgical process at its flagship 100%-owned Mount Peake V-Ti-Fe Project (“Mount Peake” or the “Project”).

In 2015 TNG completed a DFS for Mount Peake, demonstrating a robust long-life project, which has been enhanced by subsequent flow sheet optimisation - resulting in cost savings of around $50Mpa during Stage 1 of operations. The Project is now in the advanced phase of permitting and financing, with construction and development expected to commence in the second half of 2017...

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More details about TNG Limited

Official website: http://www.tngltd.com.au/

ASX on Hotcooper: http://hotcopper.com.au/asx/TNG

Markets: Iron, Lead, Tin, Titanium, Vanadium