TNG is an Australian resources company focused on the evaluation and development of its Mount Peake Vanadium-Titanium-Iron project.
TNG’s main focus is the evaluation and development of its 100%-owned Mount Peake Vanadium-Titanium-Iron Project, located in the highly prospective Arunta Geological Province some 80km north-east of Alice Springs in the Northern Territory.
Discovered by TNG in early 2008, the Mount Peake Project comprises a current JORC Indicated Resource of 160Mt grading 0.28% V205, 5.3% Ti02 and 23% Fe, making it one of the largest of the known vanadium projects in Australia.
The Definative Feasibility Study (DFS) finalised in July 2015 found Mount Peake would generate a pre-tax internal rate of return (IRR) of 41% based on a pre-production capital cost of A$970 million, total estimated life-of-mine net cash flow of A$11.6 billion and operating cash flows of A$13.6 billion over an initial 17-year project life.
The project is strategically located close to existing infrastructure, including the Alice Springs-Darwin Railway, Stuart Highway and the new LPG pipeline, 20km to its east.
Vanadium is a “miracle metal” which is used to impart strength, hardness and water resistance to steel, in the manufacture of titanium alloys used in jet engines, airframes and other high-end specialty materials, and in the chemical industry, notably in batteries, plastic, glass and pigments.
Steel accounts for over 85% of vanadium demand, with consumption predicted to increase at similar rates to the growth of the global steel industry – driven by the rapid expansion of the Chinese economy and growing per capita use and intensity of use of steel in the BRIC economies (Brazil, Russia, India and China).
TNG’s other assets include a 20% free-carried interest in the Cawse Extended Project, convertible to a 2% net smelter return, which is located adjacent to the Cawse Nickel-Cobalt Operation in Western Australia.
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.