TNG Limited

Kulgera Project

Kulgera Project

The Kulgera Project tenure includes a maiden Mineral Resource, independently estimated by consultants CSA Global, for the Arrakis Deposit, which contains a combined JORC 2012 compliant Indicated and Inferred Resource of 346 million tonnes of dune sand with a heavy mineral fraction of 6.3% Heavy Mineral that is dominated by ilmenite (an iron titanium oxide mineral), and could add substantially to the Mount Peake resource base.

TNG intends to focus any planned work programs at Kulgera on defining concentrate that could be treated using the Company’s proprietary 100%-owned TIVAN® process and conducting concentrate flowsheet refinement and TIVAN™ testwork to determine the economics of extraction which could add  to the Mount Peake project.

Please refer to ASX announcement of 8 July 2020 for more information.

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