TIVAN LIMITED — Regulatory Filings 2013

Jun 26, 2013

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COMPANY AND PROJECTS UPDATE

ASX ANASX ANNOUNCEMENT OUNCEMENT 227 June 2013[ND] FEBRUARY 2013 ASX CODE: TNG ASX CODE: TNG

REGISTERED OFFICE

REGISTERED OFFICE TNG Limited TNG Limited Level 1, 282 Rokeby Road Level 1, 282 Rokeby Road Subiaco, Western Australia 6008 Subiaco, Western Australia 6008 T +61 8 9327 0900 T +61 8 9327 090F +61 8 9327 0901 0 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

DIRECTORS Neil Biddle Jianrong Xu Paul Burton Chairman Paul Burton Stuart Crow MD MD Neil Biddle Michael Evans Stuart Crow COMPANY SECRETARY Rex Turkington Simon Robertson Wang Zhigang

PROJECTS

COMPANY SECRETARY Mount Peake: Fe-V-Ti Simon Robertson Manbarrum: Zn-Pb-Ag East Rover: Cu-Au

PROJECTS McArthur: Cu

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

CONTACT DETAILS

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

TNG Limited (ASX: TNG) provides the following update on its Mount Peake Vanadium-Iron-Titanium Project and other projects in the Northern Territory and WA.

TNG has been advised that Allmine Group Limited (“Allmine”), the parent company of Arccon (WA) Pty Ltd trading as Arccon Mining Services (“Arccon”), the Perth-based engineering contractor appointed earlier this year to manage the Mount Peake Definitive Feasibility Study (“DFS”), has appointed a voluntary administrator.

TNG understands that receivers and managers were subsequently appointed to Allmine and Arccon and that Arccon was placed into creditors‟ voluntary liquidation.

TNG has strong in-house capability to continue to progress the development of the Mount Peake Project cost effectively under its Project Director, Tony Hadley, and will advise the market of any changes to the timetable for completing the DFS as it progresses.

As reported on 29 May 2013, the Company has been making good progress with the DFS with positive results received from the first phase of metallurgical test work resulting in significant potential improvements to the economics of the project compared with the 2012 Pre-Feasibility Study.

TNG is also pleased to advise that the Notice of Intent (NOI) to the Northern Territory Government in relation to the development of Mount Peake is nearing completion for submission.

The Company is continuing to progress preliminary discussions with third parties regarding opportunities to secure external funding to complete the DFS as well as to potentially contribute a proportion of development expenditure for the Mount Peake Project.

Further announcements will be made if agreements are reached on any of these matters.

Also, TNG reported on 15 May 2013 that it remained in discussions with Ao-Zhong, one of its major Chinese shareholders, in relation to a further potential placement, subject to certain terms and conditions to be agreed. TNG advises that those discussions have now ceased and the potential placement to Ao-Zhong will not be proceeding at this stage.

Manbarrum Zinc Project

TNG has been advised by its joint venture partner at the Manbarrum Zinc Project in WA, KBL Mining Limited, that KBL has decided to withdraw from the farm-in Joint Venture Agreement covering the Project due to KBL‟s limited professional and financial resources.

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As a result, TNG will retain 100 per cent ownership of this extensive Project. However, the final $2 million bullet payment due by December 2013 to enable KBL to complete its 51% earn-in will not be received. TNG had previously received an initial cash payment of $0.5 million after the agreement was signed in 2011.

TNG believes that the Manbarrum Zinc Project remains a significant strategic base metal asset in a highly prospective region. The Project currently comprises two deposits totalling 45Mt of combined zinc-lead-silver mineralisation plus numerous untested exploration prospects.

Sandy Creek Total Resource 24.4 Mt @ 1.81% Zn, 0.45% Pb, and 4.6 g/t Ag Indicated 13.1 Mt @ 2.03% Zn, 0.48% Pb, and 4.7 g/t Ag Inferred 11.3 Mt @ 1.51% Zn, 0.23% Pb, and 4.3 g/t Ag Djibitgun Inferred Resource 19.9 Mt @ 0.52% Zn, 0.18% Pb and 16.4 g/t Ag

(See ASX Releases 15[th] March 2010 and 31[st] March 2008)

The Company will continue to assess other opportunities to realise value from this non-core asset within TNG‟s extensive minerals portfolio in northern and central Australia.

Sandover and Walabanba Projects

The Company advises that initial exploration activities have been completed on these projects. At Sandover, where initial ground reconnaissance was conducted on one tenement, moderate copper anomalism was noted in a structurally complex area. A total of 165 rock samples were collected in June and submitted for multi-element and gold assay.

At Walabanba, a copper anomaly in laterite which is coincident with an anomalous electro-magnetic conductor, has been outlined over an area of 1,000m x 200m in pXRF sampling. In order to confirm this zone, a total of 11 rock samples were collected and submitted for multi-element and gold assay in mid-June.

In addition, all of the HELITEM anomalies outlined from the survey in mid-2012 have now been ground checked and a program of ground EM is being planned.

Laboratory results from rock samples, to confirm the pXRF data, are expected during the next Quarter.

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

TNG Limited | ASX Announcement

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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.

Competent Person Statement

The information in this report that relates to Exploration Results and Exploration Targets are 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 2004 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

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About TNG:

TNG Ltd is a junior exploration company with a focus on exploration and development of projects in the Northern Territory of Australia.

The company is currently developing its 100% owned world class Mount Peake Vanadium –Titanium – Iron project in the which is currently in the Definitive Feasibility Stage, with anticipated production in 2015.In addition it is also actively exploring its copper projects including its 100% owned Mt Hardy project which is emerging as a potential major Copper/Gold and polymetalic project.

The company has joint ventures on its other projects with Rio Tinto, Norilsk, and Western Desert Resources and strategic investment from Ao-Zhong Ltd., a 100% owned subsidiary of China‟s ECE Ltd.

For more information please see the company‟s website at www.tngltd.com.au

TNG Limited | ASX Announcement