Tng Receives $2.18 Million Research And Development Rebate

BEIJING (Asian Metal) 13 Nov 19 – Australian-based TNG Limited today advised that it has received an amount of $2.18 million as a refundable tax offset under the Federal Government’s Research and Development (“R&D”) tax incentive scheme for eligible R&D activities undertaken during the 2018/19 financial year.

TNG’s R&D activities relate to its flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory, and the Company’s world-first, 100%-owned TIVAN Process, which has been developed to commercially extract high-purity vanadium, titanium and iron from vanadiferous-titanomagnetite ore bodies.