ASX over the weekend I did a review of the generally known...

ASX over the weekend I did a review of the generally known Australuan Titomagnetite resources, at least those that were known at the time Vanadium was still buoyant. TNG realised as far back as 2011 that they had a game changer with TIVAN and proceeded to secure IP from then forward. There were no primary vanadium mines operating globally then and economic vanadium production was dependant on slang and fly ash bi product refinement. TIVAN created the e resource option.

YRR (now AVL) jumped on the band wagon and declared in 19/3/12 they were exploring a similar but different hydrometalurgical process and would be in production as a result.

Reed Resources ( now Neometrics) entered agreements with Chinese entity to develop some similar metallurgical process and reportedly turned down a 10 year off take for development finance offer with Glencore to go down that track. We know Glencore stumped up $600 mill Inn the off take finance deal with Largo who went into production 2014.

Atlantic in Windimurra developed over that time but circa 2014 after delivery of their made resource suffered a fire and did not recover. There prodution route was traditional pyrometalurgical.

Aurox Balla Balla went through some different structures until it settled with BBI who initially entered into a MOU with a Chinese entity to explore development of the 3 metals. Now they have entered into an agreement with TNG to do the same.

Three things seem clear,
1) none of the other contemparies gave not close to production except Atlanta who crashed and Burned.
2) BBI Balla Balla although have yet to settle on a metallurgical pathway are by far ahead of the others except for TNG
3) TNG is the only one of the group to have got to a point of exploring finance options having a robust DFS.

Here's a diagram from TNGs August 2011 promotion. Their resource is still being measured and ECE have just come on board with $13.4 mill to take TNG to production. At that time they were indicating that TIVAN was worth 2.5% Royalty.
The wheel is starting to turn.