TIVAN LIMITED — Investor Presentation 2010

Sep 29, 2010

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PROJECTS UPDATE & OUTLOOK Mining the Territory 2010 P au l B ur on t Executive Director and CEO

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Important Notices and Forward-Looking Statements
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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 o e currency, accuracy, re t th li a bilit y or comp e eness o any n orma l t f i f ti on, s a emen s, op n ons, es t t t i i ti ma es, orecas s or o t f t th er represen a t ti ons con a ne t i d i n 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 presen a t ti on.

Competent Person’s Statement

The information in this report that relates to Exploration Results and Exploration Targets 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 m nera i li sat on an i d type o f d epos t un i d er cons id erat on an i d to t h e act v ty w i i hi c h h e s un i d erta ki ng to qua lif y as a ompetent erson as e C P d fi ne d i n t h e 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.

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TNG – The Last 12 months…
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Progressed key NT exploration projects Enhanced asset base

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TNG Shareprice
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Corporate Summary
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Chairman John W Barr Executive Director & CEO Paul E Burton Non-Exec Director Neil G Biddle Non-Exec Director Edward Fry Shares on Issue 258m ASX Code: TNG Cash including investments $4m Major Shareholders Directors 7.7% RAB 4 . 9% CBH 6.3%

Top 20 Shareholders hold 42% of Issued Capital

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Projects Overview
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Focus on NT projects: Ferrous Non-Ferrous Precious Metals Actively seeking Joint Venture Partners to ro ress ke ro ects p g y p j Recent geothermal exploration applications

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Mount Peake Project – Ferrous

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Mount Peake Project – Location and Infrastructure

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Mount Peake – Iron-Vanadium-Titanium
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Highly prospective 100%-owned tenement holding

Substantial iron-vanadium-titanium deposit first discovered in 2008 JORC indicated resource: 140Mt @ 0 3% V. 205[, ] 9% Ti02[, ] 35% Fe Exploration Target: 500 – 700Mt [1] (0.2% - 0.4% V205 and 25% - 35% Fe) C i l d t t duced b h and LIMS ommerc a gra e concen ra e pro y coarse crus Concentrate upgrading: >1.2% V205, 18% Ti02, 55% Fe

¹ The potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resources.

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Mount Peake – METALLURGICAL
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NEW Hydro-metallurgical technique developed with consultants METS Acid leach and extraction : Enables + 90% recovery of V2O5, Fe, TiO2 Cheaper OPEX and CAPEX cf standard technique PATENT SUBMITTED Scoping Study completed by Snowdens = Positive with NPV of +$800M (based on V 2 0 5 recovery only) NEW scoping study underway for recovery of all 3 commodities

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Mount Peake Project – Why Vanadium?
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Vanadium prices on the rise … V 0 2 5 - US$10 / llb Ferro - vanadium – US$45 / lb …. and set to increase further

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Source: METS report for TNG.

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PRIMARY USES
Main uses:
Principal uses:
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Mount Peake Project – Exploration Target: 500-700Mt [1]
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1 The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resources.

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Mount Peake Project – Exploration Target: 500-700Mt [1]
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• 9km strike to gabbro

• Rift zone structural setting

• Potential Exploration Target: • - 500 700Mt[1]

(0.2% - 0.4% V205 and 25% - 35% Fe)

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1 The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exp ora l ti on w ill resu lt i n th e d e erm na t i ti on o f a Mi nera l R esources.

Mount Peake Project – Quality and Quantity

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…Nickel-Copper

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Mount Peake Project – “Stirling Deeps” Copper Targets
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Rock Chips
Cu max 1300 ppm
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Mount Peake Project – Regional Magnetic Map

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Mount Peake Project – GEOTEM Survey
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• 35 targets identified

• 4 targets for drill testing September

• • Drilling commencing September 2010

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BGC1 – High Priority Target
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New EM target BGC1 anomaly

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BGC1 – High Priority Target

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Mount Peake Project – Next Steps…
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Complete metallurgical studies Complete new Scoping Study Secure Joint Venture Partner to d eve op pro ec l j t Production 2012? Drill test Nickel / Copper targets

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Manbarrum Project – Base Metals

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Manbarrum Project – Base Metals
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Emerging Base Metal District

100% TNG:

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:
1,500km [2] land holding
Landandi
Zn-Pb-Ag
Prospect
Numerous base metal
occurrences
Djibitgun
Zn-Ag
Sorby Hills Deposit
Pb-Zn
Exploration Target: Deposit
Browns
Sandy Creek Zn-Pb-Ag
- Zn-Pb-Ag Prospect
80 100Mt [1]
(1.8-2.2% Zn) Deposit
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1 The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resources.

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Manbarrum Project: Overview
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Two JORC resources: Sandy Creek up 54%: Global resource 24.4Mt ( Indicated 13.5Mt & Inferred 10.9Mt ) Djibitgun: Inferred 20Mt @ 19 g/t Ag Positive metallurgical work completed Recent new discovery of mineralisation at Browns Numerous targets remain un es e t t d

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un es e t t d
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Manbarrum Project – Regional IP Models
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24

Sandy Creek (Looking NE)

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Estimated model coloured on ZN% grade

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Sandy Creek Deposit – Cross Section
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Manbarrum Project – Bonaparte Basin Exploration

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Manbarrum Project – Location
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Excellent infrastructure: Kununurra Town – 80km

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Manbarrum Project – Location
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Excellent infrastructure Wyndham Port – 150km

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Manbarrum Project – Next Steps…
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Mining Lease Application in progress Secure Joint Venture partner for project development

Define JORC Resource at Browns Continue to add to resource inventory Complete Scoping Study Undertake Feasibility Study Production 2012??

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Rover Project – Gold

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Tennant Creek – History
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5.5 Moz Gold roduced p Average mine > 1Moz 80 years of exploration and mining

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Rover Project - Gold
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EL 25581 - TNG 100%, WDR earning in to 80%

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Geothermal Applications
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• Four Geothermal Exploration Licence Applications lodged

• Large deep basin environment

• Previous results show hi h g

• temperature gradients

• G rant expecte d pr or to en i d 2010

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TNG – The Next Stage
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Continue to focus on NT pro ec s j t Complete metallurgical work at Mount Peake Feasibility studies Progress projects towards pro d uc ti on New ro ect ac uisition p j q

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Mining the Territory 2010

THANK YOU!