Slide 1: Company Update and Presentation
ASX ANNOUNCEMENT 9 November 2020 COMPANY UPDATE AND PRESENTATION Australian resource and mineral processing technology company TNG Limited (ASX: TNG) (“TNG” or the “Company”) hereby releases the enclosed document “Company Presentation”. The presentation can be viewed on TNG website on www.tngltd.com
Slide 2: A Global Strategic Products Company
A GLOBAL STRATEGIC PRODUCTS COMPANY COMPANY PRESENTATION November 2020 PAUL BURTON – MANAGING DIRECTOR & CEO
Slide 3: 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 cond
Slide 4: Corporate Snapshot
Corporate Snapshot BOARD OF DIRECTORS TOP SHAREHOLDERS Non-Executive Chairman DEUTSCHE BALATON & ASSOCIATES* 12.28% Experienced Chairman; German Investment Fund JOHN ELKINGTON VIMSON GROUP Mining Professional, development 9.84% experience Indian Iron Ore Mining Conglomerate WWB INVESTMENTS P/L Manag
Slide 5: Mount Peake Vanadium-Titanium-Iron Project
Mount Peake Vanadium-Titanium-Iron Project ADVANCED WORLD-CLASS STRATEGIC METALS AND PRODUCTS ASSET SUMMARY ➢ One of the largest flat-lying, shallow, vanadium-titanium host deposit in Australia, discovered by TNG ➢ Located in the Northern Territory close to existing power and transport infrastructur
Slide 6: Location
Location CLOSE PROXIMITY TO ALL KEY INFRASTRUCTURE TIVAN® PROCESSING FACILITY MINE & BENEFICIATION 5
Slide 7: Vertically Integrated Business Plan
Vertically Integrated Business Plan FROM PRODUCTION TO MARKET V2O5 Titanomagnetite Beneficiation TIVAN® Process Fe2O3 Ore Plant Synthetic Rutile Pigment Plant TiO2 Pigment 6
Slide 8: High-Purity Products
High-Purity Products GROWING GLOBAL MARKETS FOR TNG PRODUCTS TITANIUM DIOXIDE PIGMENT VANADIUM PENTOXIDE IRON OXIDE TiO2 V2O5 Fe2O3 ➢ White pigment used globally, non-toxic ➢ Strengthening agent, high tensile steel ➢ High purity hematite is used for steel and environmentally friendly production ➢ Gl
Slide 9: Progress in the Past 12 Months
Progress in the Past 12 Months INTERRUPTED DUE TO COVID-19, BUT SIGNIFICANT MILESTONES COMPLETED ➢ SMS group progressing Front-End Engineering & Design ➢ Mining Management Plan submitted (FEED) with Como and Ti-Cons ➢ Environmental Impact Statement (DPF) submitted ➢ LOM Off-take Agreement with Vimso
Slide 10: Current Project Status: Focus on FEED and NPI works
Current Project Status: Focus on FEED and NPI works ➢ FEED being undertaken by SMS Group ➢ NPI being undertaken in house by TNG PROGRESS TO ENGINEERING, PROCUREMENT & CONSTRUCTION (EPC) PROPOSAL FRONT END COMPLETION & FEL-1 FEL-2 FEL-3 LOADING (FEL)-0 DELIVERABLE Technical Due Technical Concept Proj
Slide 11: FEED and NPI Status
FEED and NPI Status FRONT-END ENGINEERING AND DESIGN NON-PROCESS INFRASTRUCTURE WORKS 2019 Nov-20 2019 90%* Completed Nov-20 75%* Completed Mar-20: COVID-19** Mar-20: COVID-19** 2020 2020 * Estimate only Based on information available at the date of this presentation ** COVID-19 has affected progres
Slide 12: Mount Peake Mine Site
Mount Peake Mine Site ➢ Layout and design advanced ✓ ➢ Borefield layout progressed ✓ BENEFICIATION PLANT FLOWSHEET ➢ Power source progressed ✓ ➢ IWL advanced ✓ ➢ Geotechnical work progressed ✓ ➢ Haul road layout progressed ✓ ➢ EIS completed ✓ ➢ ILUA completed ✓ Mount Peake mine site layout (Como Eng
Slide 13: TIVAN Processing Facility in Darwin, NT
TIVAN® Processing Facility in Darwin, NT 12
Slide 14: TIVAN Processing Facility
TIVAN® Processing Facility SMS DESIGN NEARING COMPLETION TIVAN® leach Pigment Plant Acid Regeneration Concentrate Storage Administration Reduction Kiln Laboratory Darwin TIVAN® Processing Facility 3D model being developed by SMS group (may be subject to change) 13
Slide 15: Offtake Partners
Offtake Partners COMPANY NATIONALITY Switzerland Korea Switzerland India REVENUE ~USD 6bn NA ~USD 90bn NA ESTIMATES Market expansions service Woojin is the second largest Private Indian mining ABOUT provider V2O5 exporter in Asia Global commodity trader conglomerate Vanadium Pentoxide Vanadium Pento
Slide 16: Approval Status
Approval Status MOUNT PEAKE MINE SITE ➢ Environmental approval received (State & Federal) ✓ ➢ Native Title Agreement executed with Traditional Owners ✓ ➢ Mineral Leases granted ✓ ➢ Mining Management Plan ✓ DARWIN TIVAN® PROCESSING FACILITY ➢ Draft Environmental Impact Statement (EIS) ✓ ➢ EIS Supplem
Slide 17: Funding Status
Funding Status ➢ KPMG Corporate Finance appointed as global financial ➢ KfW IPEX-Bank mandated as TNG’s exclusive senior debt advisor for the Mount Peake Project advisor and arranger ➢ KPMG CF team to assist TNG to optimise and execute ➢ KfW IPEX-Bank to raise up to US$600m (AU$850m) the debt and eq
Slide 18: Other Developments: Green Energy Strategy
Other Developments: Green Energy Strategy TNG ENERGY PTY LTD: 100%-OWNED SUBSIDIARY OF TNG LIMITED ➢ TNG Energy will focus on alternative low carbon technology for direct application to Mount Peake and also available for licencing ➢ Partnership with SMS group for Hydrogen Production Technology ➢ Van
Slide 19: Vanadium Redox Flow Batteries – VRFB
Vanadium Redox Flow Batteries – VRFB ➢ VRFB business unit being established as part of the vertical integration Predicted Storage Market strategy for the Mount Peake Project Dominated by V-Flow and Li-Ion US$50-100 Billion by 2025* ➢ VRFBs utilise high-purity vanadium electrolyte to store energy and
Slide 20: Hydrogen Production Technology
Hydrogen Production Technology LOW CARBON TECHNOLOGY TO BE APPLIED TO THE TIVAN® PROCESS ➢ TNG & SMS entered into a partner development agreement to develop a low CO2 technology ➢ Production of green hydrogen from various renewable, secondary or fossil hydrocarbon sources by means of plasma pyrolysi
Slide 21: Looking Ahead
Looking Ahead ➢ Permitting for TIVAN® processing site ➢ Completion of FEED ➢ EPC proposal from SMS group ➢ Finance in place ➢ Appointment of EPC contractor ➢ Establish full Project Development Team ➢ TNG Board FID ➢ Commencement of development 20
Slide 22: Thank You
THANK YOU ASX: TNG
Slide 23: A Global Strategic Metals Company
A GLOBAL STRATEGIC METALS COMPANY TNG Limited Suite 20, 22 Railway Road Follow TNG on Subiaco, Western Australia 6008 corporate@tngltd.com.au