Ann: Trading Halt, page-101

From the Data that I can see I’m led to believe the water balance and assocatied Aquifiers have always been on TNGs radar to gain approval from NT EPA

On photos taken and data reported there is a list of relevant bores that were installed by TNG to monitor baseline levels in conjunction with public and private bores used for community water supplies over the past 43 years.

Water has always been a aspect of NT EPA approval and no doubt TNG has been addressing these issues.

The signed approval is that ...it’s signed
It clearly states that clearing can commence.

The attached conditions are very minimal as I see it.

I have a feeling these conditions are addition to monitoring we have have but WILL IN NO WAY DELAY THE PROJECT.

Clearing of land,setting up camps and infrastrure and building the mine will take time and a 12 month build and commission is optimistic anyway.

Drilling a bore hole and Monitoring is not a big deal and once planned will be executed swiftly so worst case is we conduct monitoring ASAP meaning in 14 months we will have mining approvals and it’s all systems go.

One way or another we need the Sign off and its now happened..

Ti offtake Can now be sorted and what’s telling about the delay for offtake is thatnit now looks like to Be coinciding with environmental approval.

TNG ann that ti offtake was on the table but were “working to get the best outcome for holders and this can take time”

This seems now clear that a ti offtake was dependent on Environmental approval because it’s not only a ti offtake but strategic investment as well..

I have little doubt in my mind now that we will see a ti offfake with associated finance for construction very soon.

We will also see Caterpiller machines moving to site to commence clearing also stating the terms and conditions of there involvement and financial assistance..
This will in turn be coupled with a host of other finance announcmnets detailing the German banks investors and SMS stakeholders,Woojin and Guvner assistance

“We maintain our SPECULATIVE BUY recommendation for TNG with a mid-point valuation of $0.80/share. Key price drivers include securing titanium offtake and project finance, and completing permitting.”

Completing permitting - done
Offtake - within in weeks
Finance - has to be close with SMS now ready for mine development

Have a great weekend guys