This reads really well.. TNG ’s Managing Director Mr Paul Burton...

This reads really well..

TNG ’s Managing Director Mr Paul Burton said the signing of an MoU with Hyundai Steel marked a pivotal moment in the Company’s history and was a major milestone towards the financing and development of its flagship asset, the Mount Peake Vanadium - Titanium - Iron Project , as well as advancing its other projects. “This is a breakthrough development, aligning TNG with one of the world’s largest and m ost successful steel companies which , in turn , forms part of one of Korea’s dominant industrial conglomerates,” Mr Burton said. “ Together with our strategic partner, WOOJIN, which is a major supplier of ferro - vanadium to Hyundai Steel, this gives th e Company direct access to one of the largest and most successful steel - making and industrial conglomerates in the world. “Securing the backing of Hyundai Steel, potentially through a cornerstone investment in the Company or the Mount Peake Project, repre sents a major step forward for TNG and Mount Peake and gives us access to a powerful global conglomerate with the ability to assist us in funding and completing the Definitive Feasibility Study and, ultimately, financing and constructing the Project. “We have now established an impressive portfolio of global strategic, commodity and off - take partners led by Hyundai Steel and also including WOOJIN, POSCO, Gunvor Group and Global Pacific Partners. We are looking forward to working with all of these groups t o finalise binding agreements covering all aspects of the financing, development and operations of Mount Peake. “I would like to take this opportunity to thank Mr Kim from Hyundai Steel, and Mr Ki from WOOJIN and their respective teams who visited Perth recently to meet with TNG and our Board of Directors. We are looking forward to working closely with Hyundai Steel and our other key alliance partners to deliver a world - class strategic metals project which we are confident will deliver outstanding returns for all stakeholders.”