Mining investment 121, page-3

Management Profile

Paul Burton- Managing Director
Paul Burton- Managing Director, is a geologist by profession and has worked in exploration for the past 25 years in Australia, Africa, Canada and Asia. He has held senior roles with DeBeers/Anglo American, Normandy Mining (now Newmont), and Minotaur Exploration. Paul joined TNG in late 2006 and has been involved in the discovery of Mount Peake.
We have built up a very experienced exploration and assessment team, supported by a very experienced and well recognized Board of Directors.
What is your rationale for attending 121 Mining Investment?
TNG is in discussions with parties interested in providing financing for the Mount Peake Project and likes to update investors in the recent developments.
TNG has completed a Definitive Feasibility Study (DFS) for Mount Peake, confirming a potential world-class project capable of generating outstanding returns. Key findings of the DFS included life-of-mine net cash flow of $11.6 billion, a pre-tax IRR of 41% and an NPV8 of $4. 9 billion (see ASX Announcement – 31 July 2015). The DFS forecasts Mount Peake’s nameplate capacity at 17,560tpa of high-purity vanadium pentoxide (V2O5), 236,000tpa of titanium dioxide (TiO2) and 637,000tpa of pig iron.
What recent news would you like to highlight to investors attending?
21 March – TNG appoints Como Engineers to oversee mine development
16 March – TNG signs strategic agreement with Clough and McMahon
26 Feb – Breakthrough Process in TNG’s TIVAN Titanium Product
25 Jan – Mount Peake Project EIA approval
21 Dec – TNG Moves for Renewable Energy at Mount Peake
What are your key goals for the next 3, 6 and 12 months?
12 Months:
Permitting and financing remain priorities.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The MoU with the leading global titanium, mineral sands and other metals and minerals trader, Wogen Pacific Ltd, the agreement with Sumitomo Electric Industries and Energy Made Clean to jointly develop vanadium-based batteries, made locally for the Australian market and the recent signing of the key project facilitation agreement with the Northern Territory Government minimises the risk for investing in TNG. Funding is always paramount, as a company we focus on keeping overheads and expenditure low.
In a sentence, what do you think makes your company such a compelling investment?
Major project, three commodities, solid technology, good commodities supported by solid price increases and strong outlook.
Low share price and market cap. compared to DFS NPV of $4B.