TNG receives $1.55M research and development rebate

Date: Nov 12, 2018

BEIJING (Asian Metal) 12 Nov 18 – Australian-based TNG Limited announced on November 9th that it has received an amount of $1.55 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 2017/18 financial year.

TNG’s R&D activities relate to its flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory, and testwork for the commercial extraction of high-purity vanadium, titanium and iron from vanadiferous titanomagnetite using the patented TIVAN hydrometallurgical process.

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