TIVAN LIMITED — Capital/Financing Update 2017

Nov 23, 2017

24 November 2017

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ASX ANNOUNCEMENT
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TNG Receives Research and Development Rebate

Australian strategic metals company TNG Limited (ASX: TNG) is pleased to advise that it has now received the full amount of its Research & Development refund claim totalling $1,730,700 before costs.

The claim covers eligible test work for the 2016/17 financial year under the Federal Government’s R&D tax incentive scheme.

Under the R&D tax incentive scheme, companies with a turnover of less than $20 million which undertake research & development activities are entitled to a cash refund of 43.5 cents per dollar spent on eligible research and development in Australia.

This incentive provides direct assistance for companies like TNG to continue their research and development activities with a view to potentially building further value for shareholders.

TNG’s research relates to the commercial extraction of high-purity vanadium, titanium and iron from vanadiferoustitanomagnetite using its patented TIVAN[™ ] hydrometallurgical process.

The TIVAN[™] process forms a key part of the Company’s development plans for its flagship Mount Peake VanadiumIron-Titanium Project in the Northern Territory and its strategy to become a significant global supplier of strategic metals.

The receipt of the R&D rebate further strengthens the Company’s financial position as continues development planning and financing of the Mount Peake Project.

Paul E Burton Managing Director

24 November 2017

Inquiries:

Paul E Burton Managing Director + 61 (0) 8 9327 0900

Nicholas Read Read Corporate + 61 (0) 8 9388 1474

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

ASX CODE: TNG ABN 12 000 817 023

REGISTERED OFFICE T +61 8 9327 0900 Level 1, 282 Rokeby Road F +61 8 9327 0901 Subiaco, Western Australia 6008