Operations

TNG has a portfolio of projects in Western and Northern Australia, ranging from projects with existing resources, to greenfields exploration. The Company is exposed to a range of commodities including gold, bauxite, lead-zinc-silver, nickel and copper.

TNG also derives income from the Cawse Extended which is adjacent to the Cawse Nickel-Cobalt Operation, located near Kalgoorlie in Western Australia.

TNG also entered into a joint venture agreement in March 2008 with Western Desert Resources on the Rover, Goddard, Explorer and Musgrave licences in the Tennant Creek region. The projects subject to the JV are prospective for copper, copper-gold, nickel and uranium mineralization.

The company views this as a positive move allowing it to retain exposure to new exploration while maintaining focus on the Manbarrum project.