TIVAN LIMITED — Regulatory Filings 2021

Jul 13, 2021

14 July 2021

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ASX ANNOUNCEMENT
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TNG PROGRESSES ENVIRONMENTAL APPROVAL PROCESS FOR THE DARWIN TIVAN® PROCESSING FACILITY

Further to its previous announcement of 17 June 2021, Australian resource and mineral processing technology company TNG Limited (ASX: TNG) (“TNG” or the “Company”) provides the following update on the environmental approval process and development planning for its proposed Darwin-based TIVAN® Processing Facility (“DPF”).

The Company and its environmental consultants, Animal Plant Mineral (“APM”), have held additional productive meetings with the Northern Territory Environment Protection Authority (“NT EPA”) and the NT Government Departments to seek further clarification on the 23 matters raised in the “ Direction to Provide Additional Information ” (“Direction”) on the Supplement to the Draft Environment Impact Statement (“EIS Supplement”) for the DPF.

TNG and APM have obtained detailed clarification from the NT EPA in relation to requested additional information on air quality assessment, traffic impact assessment, greenhouse gas management plan, flora and fauna surveys and development of offsets for the impacts, noise and visual impact assessment and land suitability.

The Company and APM have completed assessment of the specific scopes of work required to address those matters raised in the Direction that, following the meetings held between the parties still remain outstanding, which will include the following additional/updated technical reports:

• Revised air quality assessment;

• Updated noise modelling;

• Visual impact assessment;

• Updated traffic impact assessment;

• Greenhouse gas management plan;

• Biodiversity offset plan;

• Waste management plan; and

• Detailed assessment of alternative sites.

TNG and APM have commenced engagement with technical consultants and collection of further engineering and design data for the preparation of additional/updated technical reports, which will lead to completion of the final report for submission. The Company expects that the completion timeframe will be within the 12 months “Submission Period” provided by the NT EPA in the Direction, with the additional information being prepared in parallel with the engineering and project financing activities for the development of the Mount Peake Project.

The Company will continue to work closely with the NT EPA and other NT Government Departments to reach a positive outcome for permitting and development of the project, while TNG’s Project team progresses assessment of development options for its TIVAN® Processing Facility as previously advised (see ASX Announcements of 27 May 2021 and 17 June 2021).

Authorised on behalf of the Board by:

Paul E Burton Managing Director & CEO

14 July 2021

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 Suite 20, 22 Railway Road F +61 8 9327 0901 Subiaco, Western Australia 6008

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Inquiries:

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

Paula Raffo Company Secretary & IR + 61 (0) 8 9327 0900 Nicholas Read Read Corporate + 61 (0) 8 9388 1474

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About TNG

TNG is a Perth based resource and mineral processing technology company focussing on building a world-scale strategic metals business based on its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory. Located 235km north of Alice Springs, Mount Peake will be a long-life project producing a suite of high-quality, high-purity strategic products for global markets including vanadium pentoxide, titanium dioxide pigment and iron ore fines. The project, which is expected to be a top-10 global producer, has received Major Project Status from the Australian Federal Government and the Northern Territory Government.

Forward-Looking Statements

This report has been prepared by TNG Limited. This report 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 report 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 Limited shares in any jurisdiction. This report 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 announcement 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 Limited, 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 report. No responsibility for any errors or omissions from this arising out of negligence or otherwise is accepted.

This report 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 Limited. Actual values, results or events may be materially different to those expressed or implied.

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