I guess they address it here
The Company’s primary focus continues to be on completion of the FEED and associated work streams for the development of its 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory (Figure 1), however the opportunity for expansion of its tenure to include this strategic resource could potentially supplement the planned mining and processing of the Mount Peake deposit in the medium to long term, enhancing its longer-term resource development and growth pipeline and provide additional vanadium and Titanium feedstock for production, significantly enhancing its resource base.
But I agree, we span off TRT so that equity in TNG would more easily reflect the value of Mount Peake's project and Mount Peake alone. Why add other tenements now just before finance is meant to be agreed upon? Unless that's been all sorted already...
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- Ann: TNG expands tenure with existing JORC resource
Ann: TNG expands tenure with existing JORC resource, page-5
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