TIVAN LIMITED — Investor Presentation 2009

Sep 24, 2009

==> picture [157 x 309] intentionally omitted <==

==> picture [253 x 50] intentionally omitted <==

==> picture [103 x 65] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Resources Rising Stars – September 2009 Paul Burton – CEO

Important Notices and Forward-Looking Statements

Forward-Looking Statements

This presentation has been prepared by TNG Ltd. This document contains background information about TNG Ltd current at the date of this presentation. The presentation 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 in this presentation.

This presentation is for information purposes only. Neither this presentation 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 presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.

This presentation 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 presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise is accepted.

This presentation 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 in this presentation.

Competent Person’s Statement

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Paul Burton who is a Member of The Australasian Institute of Mining and Metallurgy and a Director of TNG Limited. Paul Burton 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Paul Burton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

==> picture [24 x 46] intentionally omitted <==

Overview

==> picture [139 x 61] intentionally omitted <==

==> picture [11 x 11] intentionally omitted <==

Manbarrum Base Metal Project (100%, NT) – a potentially world-class district: JORC >36Mt combined zinc-lead-silver resources Emerging MVT base metal district with multiple deposits Outstanding exploration upside

==> picture [11 x 11] intentionally omitted <==

==> picture [11 x 10] intentionally omitted <==

Mount Peake Project (100%, NT) – a newly discovered poly-metallic deposit: Current JORC resource 107Mt grading 0.3% vanadium, 5% titanium, 25% iron Nickel-Copper-PGM potential at depth – drilling commencing later in 2009 Strong technical team with extensive operating experience in northern WA, NT

==> picture [24 x 46] intentionally omitted <==

The last 18 months…

==> picture [408 x 208] intentionally omitted <==

TNG shares fell to record lows in 2008:

==> picture [12 x 12] intentionally omitted <==

o impact of Opes Prime,

o collapse in commodity prices o onset of the “GFC”

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 60] intentionally omitted <==

==> picture [176 x 377] intentionally omitted <==

The last 18 months…

==> picture [407 x 195] intentionally omitted <==

The Company successfully weathered these impacts,

==> picture [12 x 12] intentionally omitted <==

o maintained strong financial position

o successfully progressed exploration projects

o Improved asset base

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 60] intentionally omitted <==

==> picture [175 x 377] intentionally omitted <==

Northern Australia Projects

==> picture [139 x 61] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

Multi-commodity focus Emerging MVT Zinc district at Manbarrum New discovery at Mt Peake Copper - Gold potential at Rover

==> picture [375 x 437] intentionally omitted <==

Manbarrum Project

Emerging Base Metal District 2000 km[2] land holding Close to infrastructure and ports Numerous base metal occurrences

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [375 x 437] intentionally omitted <==

Manbarrum Project

==> picture [139 x 61] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

Similarities to World Class MVT districts: Large tonnage Shallow depth forming on basin edge Structural controls Scope for numerous deposits

==> picture [441 x 344] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Manbarrum Project

Exploration > A$15M on exploration: Two deposits located: Sandy Creek and Djibitgun: +36Mt resource inventory New discovery at Browns in 2009 Numerous high-quality targets remain to be tested

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [407 x 343] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Sandy Creek Deposit

JORC Inferred / Indicated Current resource Stratabound only - Excludes central pipe New drilling confirmed grades in pipe zone Metallurgical work positive Shallow deposit – open cut No environmental issues

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [421 x 370] intentionally omitted <==

Djibitgun Deposit

JORC Inferred First pass drilling Huge potential to increase tonnage and grade Shallow deposit

==> picture [12 x 11] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [425 x 370] intentionally omitted <==

Browns Prospect

Large MVT target

Largest IP target in area Diamond drilling confirms Zn / Pb mineralisation Assay results awaited

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [383 x 360] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Legune Prospect

Hematite Prospect 2km South of Dijibitgun Close to Road Access approved for drilling

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

==> picture [12 x 11] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [440 x 334] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Manbarrum Project

Exploration Hematite outcrop 900m x 500m Hematite zone on hill New Hematite outcrops on hill sides

==> picture [14 x 13] intentionally omitted <==

==> picture [14 x 14] intentionally omitted <==

==> picture [14 x 13] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [441 x 336] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Manbarrum Project

Legune Hematite Prospect 25m Vertical Hematite Section exposed Assays > 60% Fe

==> picture [15 x 14] intentionally omitted <==

==> picture [270 x 276] intentionally omitted <==

==> picture [194 x 276] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [236 x 276] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Manbarrum Project

Excellent infrastructure Kununurra Town – 80km

==> picture [15 x 15] intentionally omitted <==

==> picture [302 x 282] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

Manbarrum Project

Excellent infrastructure Wyndham Port – 150km

==> picture [15 x 15] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [69 x 17] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [308 x 122] intentionally omitted <==

Mount Peake Project

New Iron-VanadiumTitanium discovery Good location Underexplored area potential for Cu/Ni /PGM sulphides at depth

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 13] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [421 x 310] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Mount Peake Project

==> picture [139 x 61] intentionally omitted <==

Large Geophysical Target Magnetic anomaly 9km x 700m Coincident gravity anomalies

==> picture [24 x 46] intentionally omitted <==

==> picture [271 x 310] intentionally omitted <==

==> picture [367 x 309] intentionally omitted <==

Mount Peake Project

Completed to date:

diamond and RC drilling Detailed gravity and heli-mag survey

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

• Metallurgical Test work Positive

• Initial Scoping Study Positive

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [252 x 408] intentionally omitted <==

Mount Peake Project

Magnetic and gravity targets Possible layered system

==> picture [14 x 14] intentionally omitted <==

==> picture [351 x 305] intentionally omitted <==

W

==> picture [13 x 13] intentionally omitted <==

==> picture [13 x 13] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

3D Modelling shows dome low magnetic centre Gravity anomalies on edge

==> picture [24 x 46] intentionally omitted <==

Mount Peake Project

==> picture [139 x 61] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

3D Model: Domal effect High magnetic cap

==> picture [443 x 412] intentionally omitted <==

----- Start of picture text -----

W
E
----- End of picture text -----

Mount Peake Project

==> picture [139 x 61] intentionally omitted <==

==> picture [579 x 355] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 13] intentionally omitted <==

Schematic section of layered mafic complex Drilling planned to commence in October

Mount Peake Project Potential

Large underexplored area High potential to increase tonnage and grade Potential >500mt resource Metallurgical and scoping studies show positive Potential layered Mafic system for Ni /Cu/ PGM targets

==> picture [13 x 13] intentionally omitted <==

==> picture [13 x 13] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 13] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [298 x 449] intentionally omitted <==

TNG - The Next Stage…….

Expand and develop key Mineral Resources and asset base Secure strategic JV Partner Assess new acquisition opportunities

==> picture [14 x 13] intentionally omitted <==

==> picture [14 x 13] intentionally omitted <==

==> picture [14 x 14] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [272 x 408] intentionally omitted <==

Corporate Summary

Chairman John W Barr CEO Paul E Burton Non-Exec Director Neil G Biddle Non-Exec Director Edward Fry

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

==> picture [13 x 13] intentionally omitted <==

==> picture [13 x 12] intentionally omitted <==

Shares on Issue 258m ASX: TNG

==> picture [13 x 12] intentionally omitted <==

Cash on hand $4.7M as at 30 Jun 2009

==> picture [13 x 13] intentionally omitted <==

Major Shareholders Directors 7.77% RAB 4.9% CBH 6.3%

==> picture [13 x 12] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Top 20 Shareholders hold 42% of Issued Capital

==> picture [13 x 12] intentionally omitted <==

==> picture [139 x 61] intentionally omitted <==

==> picture [176 x 375] intentionally omitted <==

Corporate Contacts

==> picture [16 x 15] intentionally omitted <==

Address: Level 1, 282 Rokeby Road Subiaco WA 6008 PO BOX 1126, Subiaco WA 6904

==> picture [16 x 15] intentionally omitted <==

==> picture [16 x 15] intentionally omitted <==

==> picture [16 x 15] intentionally omitted <==

==> picture [16 x 15] intentionally omitted <==

Telephone: +61 8 9327 0900 Fax: +61 8 9327 0901 Email: corporate@tngltd.com.au Website: www.tngltd.com.au

==> picture [16 x 15] intentionally omitted <==

Share Registry: Computershare Investor Services Level 2 Reserve Bank Building , 45 St Georges Terrace, Perth WA 6000

==> picture [16 x 15] intentionally omitted <==

CONTACTS

==> picture [24 x 46] intentionally omitted <==

Neil G Biddle: Director John W Barr: Chairman Paul E Burton: CEO

ngb@tngltd.com.au jwb@tngltd.com.au peb@tngltd.com.au

==> picture [157 x 309] intentionally omitted <==

==> picture [253 x 50] intentionally omitted <==

==> picture [103 x 65] intentionally omitted <==

==> picture [24 x 46] intentionally omitted <==

Resources Rising Stars – September 2009 Paul Burton – CEO