TNG Appoints KPMG Project Finance Team For Mount Peake

Key Points

• KPMG Corporate Finance appointed to provide project finance team to assist TNG in securing total project finance for the development of TNG’s 100%-owned flagship Mount Peake Vanadium–Titanium-Iron Project.

• KPMG Corporate Finance team will assist the Company to optimise and execute the debt and equity components for the total project financing requirements for Mount Peake development and operation.

• KPMG Corporate Finance has a dedicated mining corporate finance team that assists with global-scale projects like Mount Peake.

• The engagement further advances the Company’s project financing strategy, complementing the previous appointment of Germany’s State-owned KfW IPEX-Bank GmbH (“KfW”) as TNG’s exclusive senior debt advisor and arranger for the Mount Peake debt funding package.

• KPMG Corporate Finance has recent experience working on other large project financing deals with KfW, the Northern Australia Infrastructure Facility (“NAIF”), and export credit agencies.

Australian resource and mineral processing technology company TNG Limited (ASX: TNG) (“TNG” or the “Company”) is pleased to advise that it has appointed KPMG Corporate Finance, a division of KPMG Financial Advisory Services (Australia) Pty Ltd, as its Financial Advisor for project financing of the development of its flagship 100%-owned Mount Peake Vanadium-Titanium-Iron Project (“Mount Peake Project” or “Project”) in the Northern Territory. The KPMG Corporate Finance mining team will provide advice in delivering an optimised funding strategy for the Mount Peake Project that maximises value to existing shareholders. The KPMG team will advise on and assist the Company in the execution of the debt funding process, sourcing and execution of equity funding, progressing of terms and financing documentation, and navigating the comprehensive project financing due diligence process. KPMG Corporate Finance has recent experience working on other project financing deals with Germany’s Stateowned development bank, KfW, export credit agencies and NAIF, and is familiar with their funding processes and requirements. TNG has previously mandated KfW as its exclusive senior debt advisor and arranger (see ASX announcement dated 4 December 2019), and the Company has made a formal application to NAIF for participation in project funding. KPMG Corporate Finance will also provide advice and assistance on options for the equity financing currently being actively progressed and evaluated by the Company.

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