QUARTERLY REPORT DECEMBER 2008 HIGHLIGHTS TNG attended the Northern Territory Governments sponsored visit to Beijing, China, in November 2008. This formed part of TNG’s strategy for investment or joint venture to further explore and develop its projects. All projects were well received and discussions with 2 Chinese companies are progressing. Final Metallurgical results were received for the Sandy Creek deposit. The report favorably concludes that concentrates acceptable to smelters can be produced by standard metallurgical processes. The report also reveals higher analytical grades than previously reported, with Zinc grades increasing substantially to >4% Zn. The potential to produce Barite as a secondary mineral was also noted. Drilling clearance certificates have been received from the Central Land Council (CLC) for the Mount Peake high grade Ferro-Titanium-Vanadium prospect. New tenement applications in the Mount Peake licence area have been submitted increasing TNG’s strategic land holding in this highly prospective area of the Arunta geological province. Drilling clearance certificates are awaited from the Aboriginal Areas Protection Authority (AAPA) regarding drilling at the high grade Legune Iron Ore prospect. Level 1, 282 Rokeby Road Subiaco, Western Australia 6008 T +61 8 9327 0900 F +61 8 9327 0901 www.tngltd.com.au
[email protected] Contact: Neil Biddle, Managing Director Paul Burton, Exploration Director Quarterly Report DECEMBER 2008 1 SUMMARY During the December quarter, TNG participated in the Northern Territory (NT) Governments sponsored trip to Beijing, China, accompanied by The Hon. Kon Vatskalis, Minister for Resources, Northern Territory . During the visit TNG’s exploration Director was able to present the companies projects and have detailed discussions with Chinese companies interested in investing in Australian resources.