TIVAN LIMITED — Capital/Financing Update 2013

Apr 28, 2013

==> picture [176 x 29] intentionally omitted <==

ASX ANASX ANNOUNCEMENT OUNCEMENT

FURTHER STRONG COPPER AND GOLD RESULTS AT MOUNT HARDY

29[TH] APRIL 2013

ASX CODE: TNG ASX CODE: TNG

REGISTERED OFFICE REGISTERED OFFICE TNG Limited TNG Limited Level 1, 282 Rokeby Road Subiaco, Western Australia 6008 Level 1, 282 Rokeby Road Subiaco, Western Australia 6008

T +61 8 9327 0900 T +61 8 9327 0900 F +61 8 9327 0901 F +61 8 9327 0901

W www.tngltd.com.au W www.tngltd.com.au E corporate@tngltd.com.au E corporate@tngltd.com.au

ABN 12 000 817 023 ABN 12 000 817 023

DIRECTORS

Jianrong Xu Chairman DIRECTORS Paul Burton MD Neil BidNeil Bi d le dle Stuart Crow Paul Burton Rex Turkington Stuart Crow Wang Zhigang

COMPANY SECRETARY

Third diamond hole intersects zones up to 4.5% Cu and 1.2g/t Au: Diamond drilling continuing at IP targets

Highlights:

• Results received for third diamond drill hole at Mount Hardy, with results including:

• 3.1m @ 1.86% Cu from 61.9m down-hole, including: 1.0m @ 4.50% Cu from 62.5m down-hole; and

• 1.6m @ 1.60% Cu from 45.4m down-hole, including: 0.6m @ 2.92% Cu from 45.4m down-hole;

• Gold results include values up to 1.2g/t Au, associated with copper mineralisation and anomalous silver and zinc.

• First time coincident high-grade copper and gold have been recorded at Mt Hardy in drilling.

• Diamond drilling continuing at IP targets.

COMPANY SECRETARY Simon Robertson Simon Robertson

PROJECTS PROJECTS

Mount Peake: Fe-V-Ti

Mount Peake: Fe-V-Ti Manbarrum: Zn-Pb-Ag Manbarrum: Zn-Pb-Ag East Rover: Cu-Au East Rover: Cu-Au McArthur: Cu McArthur: Cu Mount Hardy: Cu-Au CONTACT DETAILS Sandover: Cu-Au Paul Burton | +61 8 9327 0900 Nicholas Read | +61 419 929 046 Simon Robertson | +61 8 9327 0900 CONTACT DETAILS

Paul Burton | +61 8 9327 0900 Nicholas Read | +61 419 929 046 Simon Robertson | +61 8 9327 0900

Australian resources company TNG Limited (ASX: TNG ) advises that ongoing drilling at its 100%-owned Mount Hardy Copper Project in the Northern Territory ( Figure 1 ) is continuing to deliver positive results, with the third hole in the current 15-hole program intersecting significant zones of copper mineralisation grading up to 4.5% Cu plus gold grades of up to 1.2g/t Au .

This is the first time coincident copper and gold have been recorded in drill samples.

Diamond drilling of six target areas at Mount Hardy commenced in early March (see ASX Release – 11 March 2013). Drilling has been completed on EM Targets 2, and 4, and at the geochemical targets at the Mount Hardy and Browns Prospects, and is continuing at EM Target 1 and both IP targeted holes at Mount Hardy and Browns.

To date, 14 of the 15 planned diamond drill holes have been completed, for a total of 1,800m. Samples have been submitted for the first 12 holes with laboratory results now received for the first three holes, all of which were drilled at the Mount Hardy prospect. Results for holes 13MHDDH001 and 13MHDDH002 were reported in the ASX Release of 18[th] of April 2013.

Results from the third hole, 13MHDDH003, are presented below. A full assessment of the Mount Hardy Prospect and other target areas will follow during the June Quarter once all outstanding assay results have been received. The locations of holes reported are shown in Table 1 and on Figure 2. Significant results for hole 13MHDDH003 are outlined on Table 2.

Three sections were drilled at the Mount Hardy Prospect targeting the strong surface copper mineralisation outlined last year ( see ASX Releases – 18 September 2012 and 21 October 2012 ).

A total of four holes (13MHDDH001 to 13MHDDH004) were drilled on these three sections. All holes have been drilled towards the SSE (azimuth 150 degrees) and 45-60 degrees dip.

Hole 13MHDDH003 has returned a number of intersections of potentially economic mineralisation, as outlined in Table 2 below. The results provide further strong evidence of the substantial potential of the Mount Hardy Project to host a large mineralised system.

Copper grade is associated with quartz veining, both thin (mm to cm scale) stringer stockworks and broader (>1m) veins, found within zones of intense shearing and structural disruption.

All intersections below 45m down-hole are in fresh rock with copper species being predominantly chalcopyrite, and minor bornite and chalcocite between 45m and 58m. Mineralisation occurs from near surface to 97m depth, with the strongest mineralisation occurring between 45m and 74m – a 29m thick zone of alteration and veining.

Alteration is generally silicification with associated sericite-pyrite development. Weathering occurs to a depth of 35 metres and malachite dominates as the copper species at shallow depths.

Best analytical values to date are:

1.60m @ 1.60% Cu from 45.40m, including: 0.60m @ 2.92% Cu from 45.40m 3.10m @ 1.86% Cu from 61.90m, including: 1.00m @ 4.50% Cu from 62.50m

Hole 3MHDDH003 was drilled to test below the surface costeaning completed in the 1960s. Recent re-sampling of these historic costeans by TNG returned results of 12m grading 2% Cu (in semi-continuous channel sampling). This section line lies 80m to the east of the previously reported holes 13MHDDH001 and 13MHDDH002.

Results included a multi-element suite and fire assay gold analyses. Gold results in hole 13MHDDH003 include anomalous values in both higher copper zones, with the significance of this association still to be determined. The copper zones were also sporadiacally anomalous for silver (to 19ppm Ag) and zinc (to 980ppm Zn).

The full suite of results including gold assays is provided below:

• 0.60m @ 2.92% Cu and 1.15g/t Au from 45.40m; and 1.00m @ 4.50% Cu and 0.40g/t Au from 62.50m down-hole

Following an Induced Polarisation (IP) geophysical survey over the Mount Hardy prospect area in March 2013 another hole was planned and has recently been completed. The IP survey outlined a strong chargeability zone which plunges at a shallow angle to the west and which corresponds with the exposed copper mineralisation seen on the Mount Hardy Prospect hill.

This zone has been tested by the shallow holes 13MHDDH001 through 004 (see Figure 3). The IP-targeted hole is shown in magenta on Figure 3. Results for 13MHDD004 are expected soon and will be reported after assessment.

As per the new 2012 JORC reporting guidelines, a summary of the material information used in these exploration results, and outlined in Appendix One, is as follows:

Mineralisation noted to date at the Mount Hardy project is hosted by the Lander Rock Beds Palaeoproterozoic metasediments of the Aileron Province of the Arunta Region, and is found within quartz veins and shear zones together with mineralised and altered Lander schists. Copper is found in chalcopyrite in fresh rock (drill samples, >30 metres below surface) but all surface exposures are oxidised with malachite, azurite, and chrysocolla dominant. Lead and zinc occur as galena and sphalerite in fresh material and cerrusite and smithsonite (respectively) in weathered surface samples.

All drilling to data has been on Exploration Licence 27892, which is wholly owned by TNG Limited. Drilling at Mount Hardy in 2013 has been by diamond drill holes of either HQ or NQ size core, with core recovery consistently over 95%. Hole spacings vary depending on the target, but at Mount Hardy are around 30-40 metres across strike and down dip, with lines 60-80 metres apart (along strike).

==> picture [42 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Hole collar locations have been picked up with standard GPS to an accuracy of 3 metres, while downhole position is determined by Reflex surveys every 30 metres. At the Mount Hardy Prospect the holes were drilled nearly perpendicular to the mineralisation and so approximate true thicknesses.

Sampling is by half cut core with samples being over intervals of 0.3 to 1.2 metres in length (determined by geological units), and of 2-5 kilograms weight. Sample preparation involves drying, coarse crushing and pulverisation of the complete sample to >85% <75 microns. Base metals were determined on a pulp sub-sample by four acid digest and ICP-AES finish, while gold and Pt/Pd values were based on a 50 gram Fire Assay charge with ICP read. Certified standards were inserted to check laboratory calibration and returned within acceptable limits.

All reported assay values have been composited with a 0.1% Cu cut-off and are length weighted averages. No intervals exceeding 1 metre of included waste are allowed.

Drilling continues on site and is likely to be complete by the end of April. Upon receipt of all results a full assessment will be undertaken to determine the next steps, which are likely to include more drilling later in the year.

Table 1: Location and dip/azimuth information for holes reported from the Mount Hardy Project

		Northing (GDA94_52)	Easting (GDA94_52)			Azimuth (True)
Hole Number	Depth			RL	Dip
13MHDDH001	100	7552941	766432	639	-50	150
13MHDDH002	200	7553004	766405	633	-50	150
13MHDDH003	120	7552968	766483	643	-60	150

Table 2: Significant intersections from hole 13MHDDH003 (at a 0.1% Cu cut-off)

Hole Number	From (m)	To (m)	Interval	Cu (%)	Au (g/t)
			(m)
13MHDDH003	4.00	5.00	1.00	0.18	<
	10.00	25.00	15.00	0.14	<
	34.30	37.80	3.50	0.27	<
	45.40	47.00	1.60	1.22	0.44
Incl.	45.40	46.00	0.60	2.92	1.15
	54.00	58.00	4.00	0.31	<
	61.90	65.00	3.10	1.86	0.20
Incl.	62.50	63.50	1.00	4.50	0.40
	68.70	69.20	0.50	0.11	<
	70.10	70.30	0.20	1.00	<
	73.00	74.00	1.00	0.15	<
	96.10	97.00	0.90	0.17	<

TNG Limited | ASX Announcement

==> picture [42 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

==> picture [353 x 272] intentionally omitted <==

Figure 3: 3D view of the Mount Hardy Prospect area from the south showing IP chargeability sections and high chargeability body (red wireframe) and planned/completed holes

TNG’s Managing Director Paul Burton said the third diamond hole had intersected significant grades of copper and coincident gold mineralisation some 80m along strike from the encouraging results reported in the first two holes.

“As we learn more about the mineralisation style at Mount Hardy, it continues to provide strong encouragement for a large project,” Mr Burton said. “It’s also important to note we that are on the edge of the Tanami region where significant gold prospects and mines occur.

“We have hit mineralisation is every hole completed to date and we are continuing to intersect sulphide and oxide mineralisation at depth beneath the extensive surface copper mineralisation delineated last year. Drilling is continuing and should be completed within the next week.”

Paul E Burton Managing Director

Enquiries:

Paul E Burton, Managing Director + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474

Competent Person Statement

The information in this report that relates to Exploration Results is based on information compiled by Exploration Manager Mr Kim Grey B.Sc. and M. Econ. Geol. Mr Grey is a member of the Australian Institute of Geoscientists and a full time employee of TNG Limited. Mr Grey has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Grey consents to the inclusion in the report of the matters based on his information in the form and context in which it appear.

TNG Limited | ASX Announcement

==> picture [42 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Forward-Looking Statements

This announcement has been prepared by TNG Ltd. This announcement is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained.

This is for information purposes only. Neither this nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of TNG Ltd shares in any jurisdiction.

This does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

To the fullest extent permitted by law, TNG Ltd, its officers, employees, agents and advisers do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this announcement. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This may include forward looking statements. Forward looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of TNG Ltd. Actual values, results or events may be materially different to those expressed or implied.

TNG Limited | ASX Announcement

Figure 1: Location of the Mount Hardy Project tenements, Northern Territory.

==> picture [176 x 29] intentionally omitted <==

==> picture [455 x 643] intentionally omitted <==

Figure Two: Drill Hole Location diagram, showing recent holes together with existing drilling.

TNG Limited | ASX Announcement

==> picture [43 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Appendix One Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Sampling	Nature and quality of sampling (eg cut	Sampling is of cut half core submitted to ALS laboratory
techniques	channels, random chips, or specific specialised	for industry standard preparation (all crushed and
	industry standard measurement tools	pulverized to >85% <75 um) and analysis by ICP
	appropriate to the minerals under investigation,	technique (Lab Code ME-ICP61a and PGM-ICP24).
	such as down hole gamma sondes, or
	handheld XRF instruments, etc). These
	examples should not be taken as limiting the
	broad meaning of sampling.
	Include reference to measures taken to ensure
	sample representivity and the appropriate
	calibration of any measurement tools or
	systems used.
	Aspects of the determination of mineralisation
	that are Material to the Public Report.
Drilling	Drill type (eg core, reverse circulation, open-	Drilling is by diamond core with both standard HQ and
techniques	hole hammer, rotary air blast, auger, Bangka,	NQ sized core being drilled. For this hole HQ was
	sonic, etc) and details (eg core diameter, triple	drilled top to bottom
	or standard tube, depth of diamond tails, face-
	sampling bit or other type, whether core is
	_oriented and if so, by what method, etc). _
Drill sample	Method of recording and assessing core and	Core recovery was logged and entered into the
recovery	chip sample recoveries and results assessed.	database. Core recoveries were in excess of 99% and
	Measures taken to maximise sample recovery	there are no core loss issues or recovery problems.
	and ensure representative nature of the	Diamond core was reconstructed into continuous runs
	samples.	on an angle iron cradle for orientation marking. Core
	Whether a relationship exists between sample	metreages were checked against core blocks and
	recovery and grade and whether sample bias	drillers records.
	may have occurred due to preferential	Diamond core with high recovery provides the best
	loss/gain of fine/coarse material.	possible and most representative sample medium. No
		issues of fines loss were observed. No issues relating
		to preferential loss/gain of grade material have been
		noted.
Logging	Whether core and chip samples have been	Core was geologically logged for lithology, mineralogy,
	geologically and geotechnically logged to a	colour, weathering, alteration, structure and
	level of detail to support appropriate Mineral	mineralisation. Geotechnical logging included recovery
	Resource estimation, mining studies and	and RQD, while significant structures were logged with
	metallurgical studies.	alpha and beta angles measured on oriented core or
	Whether logging is qualitative or quantitative in	alpha angles on un-oriented core.
	nature. Core (or costean, channel, etc)	All core has been photographed both dry and wet.
	photography.	All holes were logged in full. RC holes were logged in
	The total length and percentage of the relevant	one metre sample lengths, core was logged to the
	intersections logged.	geological units.
Sub-sampling	If core, whether cut or sawn and whether	All core was sampled by a core saw with half core
techniques and	quarter, half or all core taken.	sampling
sample	If non-core, whether riffled, tube sampled,	The sample preparation for core samples follows
preparation	rotary split, etc and whether sampled wet or	industry best practice, with oven drying of samples prior
	dry.	to coarse crushing and pulverization (to >85% passing
	For all sample types, the nature, quality and	75 microns) of the entire sample
	appropriateness of the sample preparation	No field duplicates have been taken. Further sampling
	technique.	(second half, lab umpire assay) will be conducted if it is
	Quality control procedures adopted for all sub-	considered necessary
	sampling stages to maximise representivity of	The sample size (2-5 kg) is considered to be adequate
	samples.	for the material and grainsize being sampled and the
	Measures taken to ensure that the sampling is	style of mineralisation being drilled
	representative of the in situ material collected,
	including for instance results for field
	duplicate/second-half sampling.
	Whether sample sizes are appropriate to the
	grain size of the material being sampled.

TNG Limited | ASX Announcement

==> picture [43 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Criteria	JORC Code explanation	Commentary
Quality of assay	The nature, quality and appropriateness of the	Samples have been analyzed at ALS laboratory Perth
data and	assaying and laboratory procedures used and	by method ME-ICP61a and PGM-ICP24. ME-ICP61a
laboratory tests	whether the technique is considered partial or	involves a four acid digest which is considered a near
	total.	total digest for most silicate matrices
	For geophysical tools, spectrometers,	Base metal elements Cu, Pb, and Zn, together with
	handheld XRF instruments, etc, the	other elements, were determined by ICP technique with
	parameters used in determining the analysis	readings by atomic emission spectroscopy (AES) – an
	including instrument make and model, reading	industry standard technique
	times, calibrations factors applied and their	Gold and Pt, Pd were determined by a 50 gram Fire
	derivation, etc.	Assay with ICP-AES finish, an industry standard
	Nature of quality control procedures adopted	technique
	(eg standards, blanks, duplicates, external	QC procedures included the insertion of certified
	laboratory checks) and whether acceptable	standards into the laboratory sample sequence at a rate
	levels of accuracy (ie lack of bias) and	of 1 in 25. No blank samples were inserted.
	precision have been established.	Results for the two standards inserted into the batch
		that covers this report are acceptable
Verification of	The verification of significant intersections by	Mineralised core from this hole was visually verified by
sampling and	either independent or alternative company	the Exploration Manager.
assaying	personnel.	No twinned holes have been drilled to date at Mount
	The use of twinned holes.	Hardy
	Documentation of primary data, data entry	Primary geological logging was onto A3 diamond log
	procedures, data verification, data storage	sheets using standard coding lists, while numeric data
	(physical and electronic) protocols.	was entered into standardized spreadsheets on field
	Discuss any adjustment to assay data.	laptops and uploaded into the company database.
		No adjustments have been made to the primary assay
		data
Location of data	Accuracy and quality of surveys used to locate	Drill hole collars have been set out and picked up using
points	drill holes (collar and down-hole surveys),	averaging on a standard GPS device, with accuracy of
	trenches, mine workings and other locations	better than 3 metres for Northing and Easting, and
	used in Mineral Resource estimation.	around 5 metres for RL.
	Specification of the grid system used.	All holes had single shot Reflex readings taken at a
	Quality and adequacy of topographic control.	minimum of every 30 metres downhole by the drilling
		contractor
		Elevation (RL) values are in AHD metres
		All coordinates data for the project are in MGA_GDA94
		Zone 52. Local coordinates are MGA.
		Topographic data from the project area is poor with
		HELITEM data providing moderate accuracy along lines
		where flown.
Data spacing	Data spacing for reporting of Exploration	At this early stage of exploration hole spacings vary as
and distribution	Results.	dictated by target size and position. At the Mount Hardy
	Whether the data spacing and distribution is	prospect there were three lines of drilling (1968 and
	sufficient to establish the degree of geological	2013 holes) with line spacings at a nominal 80 metres.
	and grade continuity appropriate for the	Current drill spacing and distribution may be sufficient
	Mineral Resource and Ore Reserve estimation	for resource determination, but full analytical results
	procedure(s) and classifications applied.	need be awaited prior to this being resolved
	Whether sample compositing has been	No compositing has been applied to the exploration
	applied.	results
Orientation of	Whether the orientation of sampling achieves	Holes in the Mount Hardy prospect area have been
data in relation	unbiased sampling of possible structures and	drilled on an azimuth of 150 degrees magnetic, which is
to geological	the extent to which this is known, considering	perpendicular to the strike of the mineralisation seen at
structure	the deposit type.	surface. Hole dips are 45 to 60 degrees to the SSE and
	If the relationship between the drilling	are near perpendicular to the steep NNW dipping
	orientation and the orientation of key	mineralisation
	mineralised structures is considered to have
	introduced a sampling bias, this should be
	assessed and reported if material.
Sample security	The measures taken to ensure sample	All core and samples were under company supervision
	security.	at all times prior to delivery to ALS laboratories in Alice
		_Springs _
Audits or	The results of any audits or reviews of	No sampling audits have been completed to date at
reviews	sampling techniques and data.	Mount Hardy

TNG Limited | ASX Announcement

==> picture [43 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineral	Type, reference name/number, location and	The Mount Hardy prospect is located on tenement EL
tenement and	ownership including agreements or material	27892, which is wholly owned by TNG Limited.
land tenure	issues with third parties such as joint ventures,	The tenement is in good standing with no know
status	partnerships, overriding royalties, native title	impediments
	interests, historical sites, wilderness or national
	park and environmental settings.
	The security of the tenure held at the time of
	reporting along with any known impediments to
	obtaining a licence to operate in the area.
Exploration	Acknowledgment and appraisal of exploration	The Mount Hardy Copper Field has had historic
done by other	by other parties.	exploration and small scale mining since discovery in
parties		the 1930’s. The BMR (federal precursor to Geoscience
		Australia) and NTGS (Territory) government
		Geology/Mines departments conducted drilling at the
		Mount Hardy Copper Mine in 1967-68, the only drilling
		on the tenement prior to TNG’s activities commencing
		in 2012.
Geology	Deposit type, geological setting and style of	Copper mineralisation at Mount Hardy is predominantly
	mineralisation.	hosted by quartz veins/sheeted veins within the Lander
		Rock Beds Paleoproterozoic siliciclastic
		metasediments. There is a strong overall structural
		control on mineralisation and alteration noted to date is
		sericite/silica/chlorite together with sulphides
		(chalcopyrite, pyrite, galena and sphalerite)
Drill hole	A summary of all information material to the	Drill details are outlined in Tables 1 and 2
Information	understanding of the exploration results
	including a tabulation of the following
	information for all Material drill holes:
	o easting and northing of the drill hole
	collar
	o elevation or RL (Reduced Level –
	elevation above sea level in metres) of
	the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception
	depth
	o hole length.
Data	In reporting Exploration Results, weighting	All reported assay have been length weighted.
aggregation	averaging techniques, maximum and/or	SG/length weighting is not warranted due to the total
methods	minimum grade truncations (eg cutting of high	sulphide abundance rarely exceeding 25%
	grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure	No minimum or maximum cut has been applied A 0.1% Cu Cut-Off has been applied to indicate significant mineralisation No metal equivalent values have been applied
	used for such aggregation should be stated
	and some typical examples of such
	aggregations should be shown in detail.
	The assumptions used for any reporting of
	metal equivalent values should be clearly
	stated.
Relationship	These relationships are particularly important	At the Mount Hardy prospect mineralisation strikes
between	in the reporting of Exploration Results.	approximately 060/240 and dips at 50 to 70 degrees to
mineralisation	If the geometry of the mineralisation with	the NNW.
widths and	respect to the drill hole angle is known, its	Holes oriented at -45 to -60 degrees dipping towards
intercept lengths	nature should be reported.	the SSW (150 degrees) are approximately
	If it is not known and only the down hole	perpendicular to mineralisation.
	lengths are reported, there should be a clear	Therefore reported downhole intersections approximate
	statement to this effect (eg ‘down hole length,	true width
	true width not known’).

TNG Limited | ASX Announcement

==> picture [43 x 842] intentionally omitted <==

==> picture [176 x 29] intentionally omitted <==

Diagrams	Appropriate maps and sections (with scales)	Refer to Figures 1, 2 and 3 in the body of the report
	and tabulations of intercepts should be
	included for any significant discovery being
	reported These should include, but not be
	limited to a plan view of drill hole collar
	locations and appropriate sectional views.
Balanced	Where comprehensive reporting of all	All significant results are reported. Where values have
reporting	Exploration Results is not practicable,	been averaged over an interval the maximum width of
	representative reporting of both low and high	included below cut-off grade is one metre
	grades and/or widths should be practiced to
	avoid misleading reporting of Exploration
	Results.
Other	Other exploration data, if meaningful and	Surface geochemical results and mapping over the
substantive	material, should be reported including (but not	Mount Hardy prospect have been reported previously
exploration data	limited to): geological observations;	Gravity and IP geophysical surveys have been
	geophysical survey results; geochemical	completed over the Mount Hardy prospect, but
	survey results; bulk samples – size and	interpretation is ongoing and will be reported in due
	method of treatment; metallurgical test results;	course
	bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Samples from this drilling campaign have been analyzed for a range of elements which include:Au, Pt, Pd (by Fire Assay), and Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr,
		Cu, Fe, Ga, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Sr,
		Th, Ti, Tl, U, V, W, Zn by ICP technique
Further work	The nature and scale of planned further work	The drilling continues on site and is likely to continue to
	(eg tests for lateral extensions or depth	the end of April.
	extensions or large-scale step-out drilling).	Samples for holes 13MHDDH001 through 012 have
	Diagrams clearly highlighting the areas of	been submitted to ALS laboratory, results are awaited,
	possible extensions, including the main	and will be reported as they come available
	geological interpretations and future drilling	Assessment of this and other prospects will await
	areas, provided this information is not	completion of drilling, receipt of all analyses, and (for
	commercially sensitive.	some holes) completion of down hole EM surveys
		It is expected that results will warrant further drilling
		later in 2013

TNG Limited | ASX Announcement