Tenements - background briefing

Just need to clear the air on the ML(s) and bring to light a few interesting facts.

For starters, in the NT the ML is called a Mineral Lease - so if you see Mineral Lease it basically means a Mining Licence.

Of interest

There are four Mineral Leases involved and an access road they all sit on requiring approval.

The road access was applied for in 2015 and TNG is requesting 100 year access lease.

Last year TNG was granted a lease over land previously held by Ao Zhong. In fact they actually applied for it whilst Ao Zhong still held it.

On the 17th and 20th October 2018 (past 2 weeks) TNG has had two leases granted. One new and one renew.

TNG's tenements are surrounded by companies with Vanadium and Lithium in their names. These other companies may need to use TNG's road to rail if they find something and start a mine.

I believe TNG may announce the commencement of exploration soon on the massive new tenement to the north.

First map showing the five leases under application.

This map shows the big picture - other players past and present

For the doubters

Draw your own conclusions