Tivan

Hi Fellow Shareholders

Copy of extract regarding Tivan, reinstating the potential already proven in pilot Test circuit.

A detailed pilot-plant testwork programme completed earlier this year provided a definitive test of the commercial potential of the TIVAN® Process for the Mount Peake Project, successfully producing high-purity aqueous solutions which primarily lead to the production of high-purity vanadium-pentoxide, iron-oxide and titanium-dioxide.
Recoveries of 80-90 per cent were achieved with vanadium-pentoxide extracted to a purity of 99 per cent, iron-oxide to 99.9% (grade 69.2% Fe) and titanium-dioxide up to 55%.
TNG's Managing Director, Paul Burton, said: "The patent protection of this technology is in line with the Company's long-term objective of developing a sustainable process for new technology metals while focusing on our key exploration projects. TIVAN® has grown into a considerable asset for the Company - the value and potential of which are often overlooked," he said.
Paul E Burton