Tivan Limited · ASX:TVN
Tivan — TNG — Shareholder Meeting (November 2019)
30 slides from Tivan's shareholder meeting presentation, Nov 18, 2019
Slide 1: AGM Chairman's Address & Managing Director's Presentation
ASX ANNOUNCEMENT 18 November 2019 ANNUAL GENERAL MEETING CHAIRMAN’S ADDRESS & MANAGING DIRECTOR’S PRESENTATION TNG Limited (ASX: TNG) (“TNG” or the “Company”) provides the attached Chairman’s Address and Managing Director’s presentation to be made at the Company’s 2019 Annual General Meeting to be h
Slide 2: Chairman's Address, 2019 Annual General Meeting
Chairman’s Address, 2019 Annual General Meeting The last 12 months has been another significant period of work and development for TNG and advancement of the Mount Peake Project. I would like to take this opportunity to thank Paul Burton, the management team, staff and my fellow directors for their
Slide 3: Annual General Meeting 2019 Company Presentation
ANNUAL GENERAL MEETING 2019 Company Presentation PAUL BURTON – MANAGING DIRECTOR & CEO TNG Limited Suite 20, 22 Railway Road Subiaco, Western Australia 6008 www.tngltd.com.au [email protected]
Slide 4: Promotional Video
PROMOTIONAL VIDEO 2
Slide 5: Mount Peake: Key Milestones Achieved
Mount Peake: Key Milestones Achieved LAST 12 MONTHS kfW IPEX-Bank GmbH mandated Access Authorities granted following execution of the Native Title Agreement and grant of the Mount Peake Mineral Leases Appointment of Mr John Elkington as TNG Independent Chairman Submission of the Mining Manag
Slide 6: Simple Concept: One Mine
Simple Concept : One Mine THREE HIGH VALUE, HIGH PURITY PRODUCTS Today, our advancing and fast developing world relies on modern materials Titanium Dioxide Pigments Vanadium Pentoxide Iron Oxide 4 4
Slide 7: Mount Peake Products
Mount Peake Products PRODUCT SUMMARY 1. Titanium Dioxide Pigment (TiO2) World demand 6,700,000tpa TNG’s average production 100,000tpa (1.5% of world demand) Main usage Paint, plastics, paper and inks 2. Vanadium Pentoxide (V2O5) World demand 160,000tpa (equivalent of 90,000tpa V units) TNG’s average
Slide 8: Vanadium Redox Flow Batteries - VRFB
Vanadium Redox Flow Batteries - VRFB THE FUTURE OF ENERGY STORAGE Substantial Storage Market Dominated by V-Flow and Li-Ion US$50-100 Billion by 2025* TNG TNG has successfully produced high purity, commercial-grade, Vanadium Electrolyte * Source: Wattjoule 6
Slide 9: Processing Technology TIVAN®
Processing Technology TIVAN® GERMAN TECHNOLOGY CONVENTIONAL PROCESS = 1 PRODUCT TIVAN® PROCESS = 3 PRODUCTS V2O5 Flake Pyrometallurgical V2O5 Flake Mount Peake Titanomagnetite or FeV Titanomagnetite TIVAN® TiO2 Pigment Process Iron Oxide Fines Fe2O3 1 tonne 8.53kg V2O5 = US$217 1 tonne Titanomagneti
Slide 10: FS Project Economics
FS Project Economics A SINGLE-STAGE 2 MTPA DEVELOPMENT Operational Metrics Financial Metrics Mine life 37 years Pre-tax NPV8% A$2.8 billion Ore feed 2 Mtpa IRR pre-tax 33% Operating cost per tonne Payback period 2.8 years A$210 processed Pre-tax net annual operating cash A$359 million Magnetite conc
Slide 11: Mount Peake Beneficiation
Mount Peake Beneficiation DEFINITIVE FEASIBILITY STUDY LAYOUT Beneficiation plant Magnetite concentrate Power plant Operational Metrics Open pit mine Primary crusher ROM feeder Mine life 37 years Ore feed 2 Mtpa Operating cost per tonne processed A$210 Magnetite concentrate produced 700,000 tpa Refe
Slide 12: Logistics Mapping
Logistics Mapping OPTIMISED RAIL HAULAGE STRATEGY Mine Fleet Haulage of the Magnetite Concentrate is Three high quality- Three products are transport the Ore Magnetite Concentrate railed to Darwin using high purity products shipped to customers via to the ROM Pad to Rail Siding existing rail infrast
Slide 13: Downstream Processing in Darwin, NT
Downstream Processing in Darwin, NT EXCELLENT FACILITIES Middle Arm Peninsula of Darwin Harbour Close to railway line from Mount Peake Power generation and grid network capacity Gas supply available Concentrate storage & transport logistics Raw water supply and Infrastructure Port capacity an
Slide 14: Processing Technology TIVAN®
Processing Technology TIVAN® GERMAN TECHNOLOGY Magnetite Concentrate Vanadium Pentoxide Plant Plant Iron Plant Acid Leach Plant HCl Recovery Plant Titanium Pigment Plant Product Packaging Plant Vanadium Production Plant Power Plant 12
Slide 15: Titanium Dioxide Pigment - TiO2
Titanium Dioxide Pigment - TiO2 PROCESSING ROUTES Older sulphate route uses H2SO4 Typical sulphate feed is Ilmenite TiO2 52%, FeO 47% Iron waste causing environmental issues More modern chloride route uses Cl2 Typical chloride feed is rutile TiO2 90%, FeO 10% TNG uses sulphate but low ir
Slide 16: Vanadium Redox Flow Batteries - VRFB
Vanadium Redox Flow Batteries - VRFB THE FUTURE OF ENERGY STORAGE Advantages of VRFB compared to Li-Ion batteries Better for large scale storage and for long- duration applications (>6 h) More cost effective Longer life cycle – 20 yrs vs 5-8 yrs (LIB) Lower degradation Simpler maintenance,
Slide 17: Iron Oxide - Fe2O3
Iron Oxide - Fe2O3 TNG PRODUCTION AND OFFTAKE TNG production of 500,000 tpa iron oxide fines 0.04% of current seaborne demand for iron oxide fines TNG Fe content over 64.4%, strong premium over the benchmark 62% grade Malaysia and Indonesia easily absorb TNG’s production Reduce logistical
Slide 18: Vertical Integration Plan
Vertical Integration Plan FROM PRODUCTION TO MARKET 16
Slide 19: Mount Peake Deposit
Mount Peake Deposit LARGEST VANADIUM DEPOSIT IN AUSTRALIA Typical titano-magnetite composition Mineral Resource Flat ore body with low strip ratio (0.9 to 1) 160 million tonnes Two high grade vanadium pits Mining via a conventional open pit operation N 0.37% 6.9% 26.4% 37 year mine life V2O5 Ti
Slide 20: Mount Peake Beneficiation
Mount Peake Beneficiation DEFINITIVE FEASIBILITY STUDY DESIGN 1. Open pit mining & primary crushing 2. SAG & ball milling 3. Screening and magnetic separation 4. Tailings management 5. Titano-magnetite to Darwin Refer ASX Announcement dated 11 September 2019 18
Slide 21: Processing Technology TIVAN®
Processing Technology TIVAN® GERMAN TECHNOLOGY Extraction of V, Ti and Fe from titano-magnetite SMS Group (Germany) has developed TIVAN® technology with TNG SMS will be the EPC contractor Fixed price, turn key delivery Throughput, process, product guarantee Refer ASX Announcement dated 11 Septe
Slide 22: Processing Technology TIVAN®
Processing Technology TIVAN® GERMAN TECHNOLOGY TIVAN® PLANT FLOWSHEET Pre-Leach Treatment 1. Pre-leach treatment 2. Acid leach 3. Non soluble Ti is filtered & dried 4. Filtration of vanadium Vanadium / Iron Solution 5. Vanadium pentoxide production 6. Iron removal and Fe production 7. Acid re-genera
Slide 23: Pigment Processing Technology Ti-Cons GmbH
Pigment Processing Technology Ti-Cons GmbH GERMAN TECHNOLOGY Technology provider Technology package for titanium pigment production Built sulphate plants in Henan, Yunan Contracted by SMS Group SMS will be the EPC contractor Fixed price, turn key delivery Throughput, process, product guarante
Slide 24: Pigment Processing Technology Ti-Cons GmbH
Pigment Processing Technology Ti-Cons GmbH GERMAN TECHNOLOGY Steam H2SO4 Plant Pre Milled Ore Heaters Ore Mill H2SO4 Water Thickener Filter Black Liquor Ti Conc 1. Preparation of Ti feedstock Digester Reactor Na OH Quicklime To Landfill 2. Sulphation of Ti feedstock 3. Hydrolysis to Ti Hydroxide Rut
Slide 25: Pigment Processing Technology Ti-Cons GmbH
Pigment Processing Technology Ti-Cons GmbH GERMAN TECHNOLOGY Sulphate Chloride TNG Raw material cost Low High Very Low ($/ton of TiO2 feed) Ilmenite Rutile Tivan TiO2 final product Medium purity High purity High purity Capital expenditure High Medium High Operational costs Medium High Medium Environ
Slide 26: Project Funding Partnerships
Project Funding Partnerships GERMAN BANK MANDATED Debt funding mandate awarded KfW IPEX-BANK to raise up to US$600m (AU$850m) Export credit finance Specialist Financier Extensive expertise in Metals & Mining Refer ASX Announcement dated 11 September 2019 24
Slide 27: Corporate Snapshot
Corporate Snapshot TOP SHAREHOLDERS TOP 50 SHAREHOLDERS BY LOCATION DEUTSCHE BALATON & ASSOCIATES* Top 50 = 51% of TNG Total Issued Capital 12.28% German Investment Fund VIMSON GROUP 9.84% Indian iron ore mining conglomerate Europe (ex UK) WWB INVESTMENTS P/L 29% 7.47% Private investor AOSU INVESTME
Slide 28: Mount Peake: The Path Ahead
Mount Peake: The Path Ahead EXPECTED NEXT STEPS Full permitting for the Darwin TIVAN® Processing Facility Appointment of equity advisors Completion of final mine design and FEED for all process plants, leading to EPC tender process Equipment tender process Appointment of EPC contractor E
Slide 29: Disclaimer
Disclaimer 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 co
Slide 30: Building a Global Strategic Metals Company
BUILDING A GLOBAL STRATEGIC METALS COMPANY PAUL BURTON – MANAGING DIRECTOR & CEO TNG Limited Suite 20, 22 Railway Road Subiaco, Western Australia 6008 www.tngltd.com.au [email protected]