Ann: TNG Advances Green Hydrogen Plans, page-17

15th of October 2020

Life-of-mine Offtake and Marketing Agreement (“Agreement”) signed with major global commodity trader
Gunvor (Singapore) (“Gunvor”) for 40% of the proposed vanadium pentoxide production from TNG’s 100%-
owned Mount Peake Project (“Project”) in the Northern Territory.
• The Agreement with Gunvor complements the existing offtake agreement in place with Korea’s WOOJIN for
60% of the proposed vanadium pentoxide production from Mount Peake.
• Under the Agreement, Gunvor will purchase vanadium pentoxide FOB for marketing and distribution on a
global basis.
• TNG now has completed binding life-of-mine offtake agreements for all three of its high-value, high-purity
products proposed to be produced at Mount Peake - vanadium pentoxide, titanium pigment and iron oxide.

All systems go..... except there isn't a launching pad.