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Additional Information
Market:ASX
Sector:General Mining
EPIC:TNG
Latest Price: 0.09  (-1.14% Descending)
52-week High:0.17
52-week Low:0.07
Market Cap:24.78M
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TNG Full TNG profile here

TNG (ASX: TNG) is focused on the exploration, evaluation and development of a multi-commodity resource portfolio in the Northern Territory and Western Australia. TNG’s main focus is the evaluation and development of its 100%-owned Mount Peake Vanadium-Titanium-Iron Project, located in the highly prospective Arunta Geological Province some 80km north-east of Alice Springs in the Northern Territory.

 

Discovered by TNG in early 2008, the Mount Peake Project comprises a current JORC Indicated Resource of 140 million tonnes grading 0.3% V205, 9% Ti02 and 35% Fe, making it one of the largest of the known vanadium projects in Australia.

TNG receives final payment for Legune Prospect

Monday, March 08, 2010
TNG receives final payment for Legune Prospect

TNG (ASX:TNG) has received the final payment of $560,000 from private Chinese resource company Teng Fei Mining Ltd.(TFM), concluding the Mineral Rights Agreement over TNG’s Legune Prospect, Manbarrum Project.

The Manbarrum lead-zinc-silver project is the flagship exploration project held by TNG and is located 70 kilometres north-east of Kununurra in the Northern Territory.

Paul Burton, managing director said the sale and agreement does not affect TNG’s interests in the Manbarrum Project. The cooperation between the two companies provides for additional potential investment by TFM.

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