Tivan Limited · ASX:TVN
Tivan — TNG — 121 Conference (May 2019)
26 slides from Tivan's conference presentation, May 2019
Slide 1: Building a major strategic metals company: the Mount Peake Vanadium-Titanium-Iron Project
Building a major strategic metals company: the Mount Peake Vanadium-Titanium-Iron Project Corporate Presentation May 2019 Paul Burton Managing Director & CEO
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENTS ► This presentation has been prepared by TNG Ltd. This document contains background information about TNG Ltd current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should co
Slide 3: TNG Limited Corporate Overview
TNG Limited Corporate Overview TNG is an Australian resources company that is progressing towards development of its 100%-owned world class Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory, Australia. Board of Directors Top Shareholders Vimson Group - Indian iron ore mining congl
Slide 4: Mount Peake Project
Mount Peake Project A WORLD CLASS STRATEGIC METALS DEPOSIT ► Large, long-life asset located in a stable and supportive jurisdiction for major resources projects ► Close proximity to existing transport and power infrastructure ► Extensive development studies completed; FEED (front-end engineering & d
Slide 5: Mount Peake Project
Mount Peake Project WELL LOCATED IN THE NORTHERN TERRITORY NEAR ALL KEY INFRASTRUCTURE 5
Slide 6: Mount Peake Deposit
Mount Peake Deposit GEOLOGICALLY ADVANTAGEOUS – FLAT LYING, HOMOGENEOUS AND SHALLOW Mineral Resources1 Tonnes Category V2O5% TiO2% Fe% Al2O3% SiO2% (Mt) Measured 117 0.29 5.5 24 8.2 33 Indicated 20 0.29 5.3 23 8.7 33 Inferred 22 0.25 4.7 21 9.4 36 Total 159 0.28 5.4 23 8.4 33 Magnetite concentrate V
Slide 7: Mount Peake Mine Site
Mount Peake Mine Site PLANNING FOR THE MAGNETITE CONCENTRATOR Ore Concentration BENEFICIATION PLANT FLOWCHART ► Mine site concentrator to produce a magnetite concentrate ► To utilise equipment that is proven in the application and provides flexibility in design to allow for plant expansion ► Extensi
Slide 8: Darwin Processing facility location
Darwin Processing facility location Legend Railway line Amadeus Gas Pipeline Darwin Process Plant Site Darwin City Centre East Arm Port Facilities Darwin LNG INPEX Ichthys Refinery Site LNG Refinery Site Darwin Process Channel Island Plant Site Power Station See inset Power Station Gas Terminus 8
Slide 9: Mount Peake Downstream Processing TIVAN Chemical Process
Mount Peake Downstream Processing TIVAN® Chemical Process TNG DEVELOPED AND PATENTED PROCESSING TECHNOLOGY ► Conventional means of extracting vanadium from titano-magnetite ore is through a salt roasting, energy intensive, pyrometallurgical process ► Conventional processing unable to commercially ex
Slide 10: A Financially Robust Project
A Financially Robust Project LIFE OF MINE OPERATIONAL AND FINANCIAL METRICS Operational Metrics Annualized Mine life 19 years Mining Rate (ROM) 3Mtpa (Stage 1) expanding to 6Mtpa (Stage 2) after 4 years Financial Metrics Pre-production CAPEX A$853m Payback period 3 years IRR % 44% Total Revenue A$29
Slide 11: Vanadium
Vanadium OVERVIEW ► Vanadium is mainly mined in China, Russia, South Africa and Brazil; ► About 80% of the commercial vanadium is produced through co- production (smelting high V bearing slag), 12% through processing of primary ore and the remaining recovered from secondary production (oil residues,
Slide 12: V2O5 Product & Offtake Agreement
V2O5 TNG PRODUCT & OFFTAKE AGREEMENT ► TNG’s strategy is to be a fully integrated vanadium producer from mine to finished product ► High purity V2O5 will enable TNG to supply the steel industry as well as higher value niche markets such as Vanadium Redox Flow Batteries ► The vanadium industry is cur
Slide 13: Titanium dioxide pigment
Titanium dioxide pigment OVERVIEW ► Titanium dioxide (TiO2) is the most used white pigment globally; ► The most important properties of TiO2 pigment are optical such as opacity, brightness, gloss, weather resistance and durability; ► Pure TiO2 is produced by sulfate (SP) or chloride (CP) process, th
Slide 14: TiO2 Pigment
TiO2 Pigment TNG PRODUCT & OFFTAKE AGREEMENT ► TNG’s strategy is to be a fully integrated TiO2 pigment producer from mine to finished product ► Global demand is estimated at 6.5mtpa. TNG’s production of 150,000tpa will represent 2.3% of the world’s demand. ► Technology proposed to be provided by Ti-
Slide 15: Fe2O3
Fe2O3 TNG PRODUCT & OFFTAKE AGREEMENT ► TNG’s strategy is to be a fully integrated Fe2O3 fines producer from mine to finished product ► Global demand is estimated at 2btpa. TNG’s production of 500,000tpa will represent less than 0.001% of the world’s demand. ► High purity hematite with Fe content ov
Slide 16: Mount Peake Project: Status of Approvals
Mount Peake Project STATUS OF APPROVALS Mount Peake Mine Site ► Environmental approval received (State & Federal) ► Native Title Agreement executed with traditional owners ► Mineral Leases granted ► Mining Management Plan being finalised (submission expected Q2 2019) underway Mount Peake TIVAN
Slide 17: Mount Peake Project Financing
Mount Peake PROJECT FINANCING Debt KfW IPEX-Bank mandated to raise up to US$600 million (AU$850M) as part of the total finance package for the Mount Peake Project* Equity funding A range of potential options are available to TNG to raise the required project equity funding: ► Strategic investors ► O
Slide 18: Key Development Milestones and Estimated Schedule
Mount Peake Project KEY DEVELOPMENT MILESTONES AND ESTIMATED SCHEDULE 2020- Project Milestone 2014 2015 2016 2017 2018 2019 2022 2021 Major project status TIVAN pilot study completion Discovery of LoM water aquifer DFS completion Vanadium Off-take Agreement - Woojin Metal Iron Off-take A
Slide 19: Mount Peake: The Path Ahead
Mount Peake: The Path Ahead EXPECTED NEXT STEPS ► Full permitting for TIVAN® processing site ► Appointment of equity advisors ► Completion of final mine design and FEED for all process plants, leading to EPC tender process ► Equipment tender process ► Appointment of EPC contractor ► Establish full P
Slide 20: Paul Burton Managing Director & CEO
Paul Burton Managing Director & CEO Suite 20, 22 Railway Road Subiaco 6008 Western Australia www.tngltd.com.au ASX: TNG
Slide 21: Appendix
ne |i APPENDIX Find out more a tngltecom.au a
Slide 22: Titano-Magnetite Ore Bodies
Titano-Magnetite Ore Bodies KEY STRATEGIC ADVANTAGES ► Abundant: many known, accessible and easy-to-mine deposits ► Ilmenite shortage: high-grade ilmenites, suitable for synthetic rutile production are becoming scarce ► Growing vanadium demand: urbanisation in fast- growing emerging markets calls fo
Slide 23: TNG Limited Current Ownership Structure
TNG Limited CURRENT OWNERSHIP STRUCTURE ► TNG owns all Mining, Exploration and ancillary licences 100% ► TNG owns TIVAN Process and Patents TNG Limited Enigma Mining Limited TIVAN Technology Pty Ltd (100% TNG Limited) (100% TNG Limited) Mount Peake Mine Site & Concentrator, and Darwin TIVAN Process
Slide 24: Management profiles
Management profiles Mr Paul Burton - Managing Director & CEO Mr Burton holds a B.Sc Honours Geology and M.Sc from McGill University, Canada and has over 20 years' experience in the resources sector throughout Australia and overseas. He has been involved in the discovery and development of the Compan
Slide 25: Management profiles continued
Management profiles continued Mr Philippe Guillemaille – General Manager, TiO2 Mr Guillemaille is a highly experienced sales and marketing professional in the chemical industry. He gained experience in trading with companies like Fuji Film (Japan), Metallgesellschaft (Germany) and Monsanto/Exxon Che
Slide 26: TIVAN Patent and Trade Mark Status
TIVAN® PATENT AND TRADE MARK STATUS TIVAN® Patent Status TIVAN® Trade Mark Status A Method for Extraction and Recovery of Vanadium Registered in the following regions: Australia REGISTERED Australia Russian Federation REGISTERED Canada United States of America REGISTERED China Canada REGISTERED Euro