TNG 2017 Review, page-14

2017 Review - All Blacks start to look vulnerable but manage to keep winning (mostly). 2018 Review - TNG holders getting very excited about the burgeoning interest in VRFB's. Lots of forum chatter about how the future TNG mine could be powered sustainably using that technology. TiO2 offtake getting really close and finance discussions progressing. Refinery EIS a mystery to most but PB hinting at major announcements just around the corner. New Chair could be appointed shortly but no word and negotiations with CLC well advanced. Mine construction looking likely for 2019 with mining activity to follow in 2020. Plant commissioning looking solid for 2021... but then again we might see some small delays.