TNG Limited (ASX:TNG)
TNG Limited (ASX: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 and Mining Licence, Native Title and Environmental approvals.
Discovered by TNG in early 2008, the Mount Peake deposit is close to surface and flat lying with a JORC Compliant Resource of 160 million tonnes, making it one of the largest undeveloped vanadium-titanium-iron projects in the world.
The Company 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.
TNGs 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.
The Company's Board and management team have significant experience in the mining and exploration industries in Australia and internationally. They are committed to increasing shareholder value through exploration and maximising the Companys leverage to its discoveries.