Tivan Limited · ASX:TVN
Tivan — TNG — 121 Conference Hong Kong 2019
25 slides from Tivan's conference presentation, March 2019
Slide 1: Company Presentation - 121 Conference Hong Kong
Company Presentation 121 Conference Hong Kong March 2019 Building a major strategic metals company: the Mount Peake Vanadium-Titanium-Iron Project Paul Burton Managing Director
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 John Elkington Non-Executive Chairman Vimso
Slide 4: Mount Peake Project: A World Class Strategic Metals Deposit
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: TNG: Key Progress in 2018
TNG: Key Progress in 2018 • EIS mine site - Federal approval • Strategic investment from Indian mining group - Completed • Titanium Pigment Technology Provider “Ti-Cons” - Agreement Executed • Mount Peake Native Title Agreement - Executed • Mining Licenses granted by NT Government • Binding Offtake
Slide 6: Business Model: One Mine, Three High Value Products
BUSINESS MODEL: One Mine three high value, high purity products * $US40,000/t $US3,175/t $US90/t • Current pricing for high purity V2O5, TiO2 pigment & iron fines • Source Metal Bulletin and ICIS.
Slide 7: 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 f
Slide 8: Mount Peake Project: Well Located Near Key Infrastructure
Mount Peake Project WELL LOCATED IN THE NORTHERN TERRITORY NEAR ALL KEY INFRASTRUCTURE 8
Slide 9: Mount Peake Deposit
Mount Peake Deposit GEOLOGICALLY ADVANTAGEOUS – FLAT LYING, HOMOGENEOUS, AND SHALLOW 9
Slide 10: Mount Peake Mine Site: Planning for the Magnetite Concentrator
Mount Peake Mine Site PLANNING FOR THE MAGNETITE CONCENTRATOR Ore Concentration ► 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 ► Extensive metallurgical testwork has
Slide 11: 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 12: 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
Slide 13: 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 14: Mount Peake Project: Mine Site and Processing Site
Mount Peake Project MINE SITE AND PROCESSING SITE Tivan Processing Plant Mount Peake Mine Site 14
Slide 15: 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 15
Slide 16: Detailed Layout of Proposed Processing Facility
Detailed layout of proposed processing facility and associated infrastructure 16
Slide 17: Darwin Port
Find out more at tngitd.com.au
Slide 18: V2O5 Product and 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 19: TiO2 Pigment Product and Offtake Agreement
TiO2 Pigment TNG PRODUCT & OFFTAKE AGREEMENT: TNG 360 ► TNG’s strategy is to be a fully integrated TiO2 pigment producer from mine to finished Versatile and high-durable white pigment product PRELIMINARY TECHNICAL DATASHEET ► Global demand is estimated at 6.5mtpa The titanium dioxide white pigment T
Slide 20: Fe2O3 Product and Offtake Agreement
Fe2O3 TNG PRODUCT & OFFTAKE AGREEMENT ► TNG’s strategy is to be a fully integrated Fe2O3 fines producer from mine to finished product ► Global demand for iron ore is estimated at 2btpa, almost entirely for the steel industry ► High purity hematite with Fe content over 64.4% will command a strong pre
Slide 21: 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 TIV
Slide 22: Mount Peake: Project Financing
Mount Peake: Project Financing DEBT FUNDING KfW IPEX-Bank mandated to raise up to US$600 million as part of the total finance package for the Mount Peake Project* EQUITY FUNDING A range of potential options are under consideration by TNG to raise the required project equity funding: ► Strategic inve
Slide 23: Estimated Development Schedule and Milestones
Mount Peake Project ESTIMATED DEVELOPMENT SCHEDULE AND MILESTONES 2020- Project Milestone 2014 2015 2016 2017 2018 2019 2021 Major project status TIVAN pilot study completion Discovery of LoM water aquifer DFS completion Vanadium Off-take Agreement - Woojin Metal Iron Off-take Agreement
Slide 24: 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 25: Paul Burton, Managing Director
Paul Burton Managing Director Suite 20, 22 Railway Road Subiaco 6008 Western Australia www.tngltd.com.au ASX: TNG